Improve efficiency and optimize program design
The volume of data required for a successful submission can add up very quickly. With RiskConsole, no longer will you find yourself trawling spreadsheet after spreadsheet, checking and consolidating data.
RiskConsole improves the accuracy and quality of the data in your submission. Get the full picture of your organization’s exposures. Easily compare present-year values to last year’s. Identify and fill in gaps in the data you provide your broker. Be sure you’re giving underwriters all the data they need to price your organization’s risks and exposures accurately.
RiskConsole takes the pain out of administering the renewal data collection process so you can focus on managing risk. With email workflows and easy-to-use online questionnaires for your field users, you can expect to save 75% of the time you’ve been spending chasing down responses, combining spreadsheets and checking for accuracy. From RiskConsole you can:
Beyond having quality renewal data for your submission, RiskConsole gives you the time to make the most of an assured understanding of your risk profile. Working with the brokers and risk advisors, you can evaluate different risk-financing strategies and compare quotes from different markets.
The high-quality data also puts you in a strong position to meet duty of disclosure and conditions of policy commitments. After all, the impact of unexpected claim liabilities can have an unwelcome impact on an organization’s P&L.
"Mosaic’s global exposure data management project, supported by RiskConsole and the exposures module, has enabled us to sharpen our focus on the core of risk management: the timely identification of all risks and exposures; proper understanding and assessment of them; and the effective response to them by employees at all levels." READ MORE >
MICHAEL R. BISHOP
"We can essentially ‘slice and dice’ data any way we need to and send summary reports to our senior management. With this sharing of information, our team is empowered to make faster, more accurate decisions to control losses and manage risks." READ MORE >
PATRICIA DILLON VILLARREAL
Director of Risk Management
Are you still using spreadsheets for your commercial insurance renewal data collection process? In our experience, collecting renewal data this way can take up to 75 days when you...Read more
Yes, having access to audited and auditable data matters for many different aspects of risk management. On the other hand, risk managers want to avoid audit replication by not attempting to...Read more
One of the most useful tools for risk managers is risk management software. This software can help risk and safety management employees, asset managers, and even corporate executives make better...Read more