Dateline: 02/05/2000
The Enterprise Risk business unit of Zurich U.S., a leading commercial property and casualty insurance organization, today announced a new enhancement to its flagship RiskIntelligence web-enabled loss reporting tool. Customers will be able to view claim and loss information reports -- ranging from high level loss summary reports down to specific claim detail information -- containing data from Zurich U.S. and the customer’s past or present insurance carriers.
When first introduced in 1998, RiskIntelligence revolutionized loss analysis by allowing customers to log on to the Zurich U.S. web site to view their up-to-date claim, claimant and payment reports. In the past, customers typically received reports on diskette or through the mail, and the information could be up to one month old. With RiskIntelligence, customers can look up reports directly online via the Internet, and the data is updated daily. RiskIntelligence applies to all lines of insurance, and is most often used for workers compensation, general liability and auto liability. Zurich U.S. now has over 380 RiskIntelligence customers from several business units, including Enterprise Risk, Construction, Specialties, and Global Energy.
"This product enhancement is an important strategic tool for large companies that tend to use several insurance carriers and have a high frequency of claims," said Ron Rysell, Systems Services Manager for the Enterprise Risk unit. "Customers who choose to invest in this upgrade will have the benefit of more comprehensive loss trending and analysis reports on which to base critical management decisions."
The Enterprise Risk unit of Zurich U.S. provides package, group and custom casualty programs for large multinational corporations and middle market companies.
Zurich U.S. (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the multinational, middle market and small business sectors in the United States. Headquartered in Schaumburg, Ill. and operating in all 50 states and the District of Columbia, Zurich U.S. has 6,400 employees and assets of $10.2 billion. The company writes more than $4 billion in annual premiums. Zurich U.S.’ business units are Enterprise Risk, Diversified Products, Small Business, Construction, Global Energy, Specialties, Zurich Services and Fidelity & Deposit. Zurich U.S. is a member of the Zurich Financial Services Group, a global leader in the financial industry. Zurich U.S. is rated A+ (Superior) by A.M. Best and AA+ (Excellent) by Standard & Poor’s.
The Zurich Financial Services Group (www.zurich.com) provides its customers with solutions in the area of financial protection and asset accumulation, concentrating in four core businesses: life insurance, non-life insurance, reinsurance and asset management. Headquartered in Zurich, Switzerland, the Group's worldwide presence builds on strong positions in its three home markets: the United States, the United Kingdom and Switzerland. Zurich Financial Services Group has offices in more than 60 countries, employs 68,000 people and reaches 33 million customers.
Editor’s Note: The new feature of RiskIntelligence will be introduced at the RIMS conference in San Francisco, May 1-5. Product demonstrations will be available. For more information, see a Zurich U.S. representative at the conference, or call Ron Rysell at (847) 605-6139.
Media Contacts
Fran Harding
Communications Manager
Zurich U.S.
(410) 338-9500
fran.harding@zurichna.com
Joanne Lessner
Miller DeMartine Group
(212) 222-7436
jlessner@mdgpr.com