Companies Mentioned in this Press Release:
Business Categories Mentioned in this Press Release:
DAVID announces NavRisk 5
Risk Management Software pioneer announces latest version
November 8, 2011 –DAVID Corporation, a leading provider of risk management and insurance software and services, today has announced the latest release of its risk management information solution, NavRisk5. NavRisk® is a full service risk management solution currently in production with various Insured Organizations, TPAs, and Risk Pools and is available as a hosted or self-hosted model. NavRisk has helped clients dramatically reduce their cost per claim, cut administrative costs in half and recognize six-figure operational savings through automated workflow, a sophisticated business rules engine and integrated core systems.
NavRisk 5 provides users with the following major features:
- Robust reporting solution leveraging SAP Business Objects platform for powerful business intelligence and analytics
- Improved Claim Intake functionality available on multiple browsers including mobile devices
- Redesigned policy portal providing improved user experience for quoting, renewals and endorsements
- Enhanced configuration options providing clients with the ability to easily modify the application workflow and screens to meet unique business needs
- New reserve worksheet functionality that provides maximum flexibility when performing analysis of reserves before committing them to the claim
- Enhanced email and inbox workflow functionality
“NavRisk was created in collaboration with our Client Development Partners. Since the initial release of the NavRisk Suite four years ago, our clients have been able to change how they do business with significant reductions in operational costs and major improvements to workflow and efficiencies. When we decided to formulate the next release, we went back to those clients and others to seek their direct input. NavRisk 5 is the result of that continued collaboration that we hold so important to our business model and success,” said Alex Aminian, President and CEO of DAVID Corporation.
The comprehensive suite consists of NavRisk Policy, policy administration and underwriting; NavRisk Claims, web based claims management; NavRisk Central, self service risk management portal and NavRisk Analytics, advanced reporting and business intelligence. A webinar highlighting the new features of NavRisk 5 will be held on Wednesday, November 16th at 11:00 a.m. Pacific/2:00 p.m. Eastern. For details and to register visit www.davidcorp.com/events.
NavRisk 5 is being showcased at the National Workers’ Comp and Disability Conference in Las Vegas this week, and DAVID is offering interested parties a limited time complimentary subscription of NavRisk Claims 5. Stop by booth #155 at NWC&D this week or contact Mary-Margaret Dale at mdale@davidcorp.com for details.
About DAVID Corporation
DAVID Corporation has been providing software and services to commercial and alternative P&C insurance markets for more than 27 years. From underwriting & rating through policy renewals, from initial loss report to final settlement, DAVID partners with clients to help them solve the critical business challenges they face in today’s complex risk management environment. DAVID Corporation is headquartered in San Francisco, California. Contact DAVID at 800-55-DAVID or visit http://www.davidcorp.com/