Blog

Smarter Renewals in a Hardening Property/Casualty Insurance Market

For buyers in the casualty and property insurance market, there is no better summary of where things stand at the midway point of what feels like the longest year on record than one delivered in the Risk Management magazine article Hard Times, Hard Market.

“At the start of 2020, the biggest challenge for many risk professionals when it came to purchasing or renewing their insurance policies was navigating an increasingly hardening insurance market in which rates were increasing for almost all lines,” writes Lori Widmer. “And then the coronavirus pandemic hit.”

read more

How Origami Can Help Transit Systems Implement a Safety Management System

With an extended deadline on the PTASP Final Rule, Origami Risk hosted a June webinar for public transit agencies on the rule’s requirements, components of an SMS, how Origami Risk can help to meet the PTASP requirements, and more.

In June 2020, Origami presented a webinar to help public transit agencies navigate the Public Transportation Agency Safety Plan (PTASP) Final Rule, as the deadline had been extended to December 31, 2020. Led by Sam Gabal (Senior Sales Executive), Peter Morrical (Senior Client Executive), and Luke Bernardi (Business Development Representative), the presentation focused on:

  • Defining the requirements and components of a safety management system (SMS)
  • Demonstrating how Origami can help meet those requirements
  • A case study illustrating how Origami helped a transit agency client build out functionality to support an SMS
  • Fielding questions from the participants, leveraging the expertise from Origami’s Sean Salvas (Senior Market Strategy Lead, EHS)

read more

How to Mitigate the Complexity of State Form Compliance

Workers’ compensation claims compliance can be incredibly complex on a state-by-state basis. With variation across 50 jurisdictions, how can organizations mitigate the complexity of state forms?

Between keeping up with ever-changing laws to ensuring that internal reporting requirements are adhered to, carriers, TPAs, and self-insureds have a lot of things on their plates. If not given the proper attention, workers’ compensation state form requirements can quickly take up a huge amount of time and possibly become a liability.

read more

Making “Remote” Risk and Insurance Technology Implementations Work

Over recent months, as a result of the COVID-19 pandemic, an estimated 50% of U.S.-based workers have been participants in a grand remote-work experiment. As Katherine Guyot and Isabel V. Sawhill point out in an article published by Brookings, Telecommuting will likely continue long after the pandemic, while the rapid switch to remote work has been driven by necessity, “COVID-19 may permanently change the way many of us work.”

Understandably, one of the most common questions we at Origami Risk have been answering during this period is related to what this change has meant—and what it might mean—for a complex, weeks-long project such as the implementation of a Risk Management Information System (RMIS), GRC technology, or insurance core system.

read more

Helping Your Pool Members Make Sense of Reopening During a Pandemic

As local and state governments begin to ease shelter-in-place restrictions, risk pools are called upon for guidance as their members begin down the rocky path of reopening—so where do they begin?

State and local governments are continuing to relax restrictions and enable their employees to return to work. However, returning to normal operations is far a more complex endeavor than just receiving the green light. According to an Association for Governmental Risk Pools (AGRiP) blog, risk pools will play a key role in advising its members on decisions regarding how and when to reopen in conjunction with government guidance.

Whether looking at your own operations or providing member guidance, there are a number of tactical questions you might consider: What jurisdictional guidance applies to your pool or member entities? How many people can reasonably be in one space at the same time? How can your pool or member entities manage for employees who are sick, have underlying health concerns or have to care for others? Are some operations simply too risky to be resumed? Each tactical recommendation or decision a pool makes comes with strategic-level communications challenges and opportunities.—AGRiP

read more

The Role of a Risk Technology in a High-Stakes World

As organizations grapple with navigating today’s volatile environment, risk technology can play a key role in addressing the risks of tomorrow while delivering additional returns on the investment in the near-term.

Now more than ever before, enterprise software needs to make an immediate impact. With some organizations facing the near-term possibility of continued delays in operations, or ceasing them indefinitely, risk technologies need not only be multifaceted and intuitive powerhouses, but, even given a short runway, must prove beneficial to the organization.

What makes a risk technology platform worth the investment? Is a risk technology really necessary when the biggest risk has, seemingly, already passed? And in the midst of a period of spending freezes and budget cuts, how might purchasing risk technology be justified?

read more

Is Your Claims Administration Software Ready?

A look at how the COVID-19 pandemic may impact workers’ compensation claims administration.

There is no shortage of questions when it comes to the effects of the COVID-19 pandemic on workers’ compensation claims, for instance:

  • How will workers’ comp regulations evolve on a state-by-state basis as researchers and medical professionals continue to learn more about the virus’s behavior and options for treatment?
  • What will the economic downtown mean for the volume of COVID-19-related workers’ comp claims?
  • How will courts rule when it comes to claims compensability?
  • How can businesses and other organizations that administer claims reduce potential claims losses, especially as states begin to reopen?

The impact of the COVID-19 pandemic on workers’ compensation claims administration will, of course, be determined by the answers to these questions and others like them. As states and businesses begin to open up, what is clear is that we’re only at the beginning of what will be a lengthy process of ongoing developments that will require insurers and organizations that administer claims to be prepared to adapt.

read more

Part Two: Location-Based Data in Crisis Response

In the second of a two-part series, we dive into what exactly location-based data can unlock, the reality that coronavirus may be here to stay, and what organizations can do if a data-overhaul is not an immediate, or near term, possibility.

Last week, in part one, we examined the critical role that location-based data plays in an organization’s response, planning, and reaction to crisis situations. One of the ramifications of the COVID-19 pandemic being that it is a location-by-location challenge, specific geographical information can be key in navigating the patchwork of the United States’ federal response to the outbreak.

This is the dark side of federalism: it encourages a patchwork response to epidemics. States and localities may decide to implement aggressive disease-mitigation measures, but need not do so. The defining feature of the U.S. response to Covid-19 therefore continues to be localized action against a threat that lost its local character weeks ago.—The New England Journal of Medicine

read more

Part One: Location-Based Data in Crisis Response

In the first of a two-part series, we examine the critical role that location-based data plays in an organization’s crisis response efforts and how compounding crises lead to an even more immediate need.

While initial outbreaks of COVID-19 hit densely-populated, urban areas of the United States the hardest, the coronavirus is now beginning to surge across less populated parts of America.

read more

Making the Most of Technology in a Rapid Shock Environment – The First Origami Risk Client Forum Webinar

abstract blue points of light joined by lines on dark background

At the annual Origami Risk User Conference, attendees are able to participate in client-led sessions covering a wide range of topics including GRC, underwriting, safety, audits, and claims administration, to name just a few. During these sessions, presenters demonstrate and answer questions about how they are using the Origami platform to address “real-world” challenges.

To make these peer-to-peer learning opportunities more widely available throughout the year, Origami Risk recently held the first of what will be an ongoing series of client forum webinarsclient-only events in which a select group of client presenters share how they are using the system. Given the ongoing challenges that organizations are facing as they deal with the COVID-19 pandemic, the topic of the first client forum webinar was titled “Using Your Existing Technology to be Agile in a Rapid Shock Environment.” read more