CSC Signs 3 Firms for RISKMASTER Claims, Risk Management Info System

December 18, 2005

Computer Sciences Corporation reported that three new clients have joined a number of organizations that have chosen RISKMASTER, CSC’s independent claims and risk information management system. Acordia Northwest, PIC Wisconsin and Wawa have selected RISKMASTER to reduce their risk management costs, gain better control of their underwriting risks and process claims more efficiently.

Acordia Northwest, headquartered in Seattle, Wash., is a division of Acordia Inc., a bank-affiliated insurance brokerage firm in the U.S. PIC Wisconsin, a U.S. provider of medical professional liability insurance, writes policies in Wisconsin and seven other states. Pennsylvania-based retailer Wawa operates a chain of more than 540 convenience stores in five states.

CSC designed RISKMASTER for self-insured corporations, third-party administrators, healthcare companies and public entities. By automating the claims processing environment, from risk management and claims administration to policy processing and litigation management, RISKMASTER reportedly gives both managers and front-line users accurate, up-to-date business and market data.

CSC’s RISKMASTER offers an integrated event-to-claims-management process, allowing companies to manage the life of a claim from first notice of an event to final settlement. The system manages a wide variety of critical claims data including: property, casualty, general liability, workers’ compensation, automotive liability, first reports of injury, 800-number reporting, accidents, incidents, professional liability, policies, actuarial reporting and integrated disability management.

RISKMASTER’s Business Intelligence component uses Business Objects’ Web Intelligence to consolidate data from diverse sources and mine it for enhanced real-time and scheduled reporting. Additional RISKMASTER components reportedly help organizations manage outside legal counsel, comply with the U.S. Treasury Office of Foreign Assets Control (OFAC), and perform fraud and fault evaluations to streamline core business processes.

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