Tag: Pools

Best Practices Pools: Managing the Renewals Process

Managing Renewal Process

The renewals process can be a time-consuming, resource-draining exercise for both risk pools and their members. Considering the endless back and forth of sending forms, exposure values data, and premium calculations keeping members informed on the renewal status can be a challenge. With the right RMIS, however, this process can transform into something that provides members with added value, while reducing strain on your staff each year.

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Streamlining Risk Pool Operations

As shared-risk pools strive to provide better service and increase the value for their members, the importance of streamlining insurance operations is critical. Not only do pools need to provide the level of services that members demand, but they need to do it in a sustainable way that allows staff resources to maximize the time they spend providing high-value services. As Forrester Research recently published, today’s organizations must apply “digital thinking across everything you do — how you win, serve, and retain customers”.

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Increasing Member Engagement in Risk Management Pools

As organizations, risk management pools are created to serve and benefit their members. When members are actively engaged with the pool, not only is this primary mission being fulfilled, but the organization also gains the opportunity to provide higher value services that can help members make strategic decisions and drive down costs. Paper-based and labor-intensive processes, legacy systems that struggle with modern requirements, and data stored in disparate, unconnected applications all run counter to this effort. Origami Risk, however, provides several features that allow pools to fully engage with their membership and deliver actionable, strategic data that can impact members’ bottom line.

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Montana Schools Group Insurance Authority Teams with Origami Risk to Increase Productivity and Effectiveness

With approximately 400 elementary and high school districts across Montana participating in its self-funded and self-administered workers’ compensation pool, in addition to 147 of the state’s school districts in its self-insured property and liability pool, the Montana Schools Group Insurance Authority (MSGIA) sought a technology-based system to dramatically improve its outdated, disparate claims data capture, analytical and reporting tools.

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