SAN FRANCISCO, April 11, 2016 /PRNewswire/ — DAVID Corporation, Inc., a San Francisco-based insurance technology firm, is pleased to announce RMIS Insights™, an open community, cloud-based solution that provides powerful graphical insights which illuminate key RMIS data, leading to smarter decisions. The program, which is built on an open platform and designed to be developed as a community resource, allows RMIS data from any client data source to be uploaded into a powerful data transformation engine via an open standard for analysis.
Offered free of charge for up to 5,000 claims per organization, RMIS Insights makes it easy for users to share, compare and act on RMIS data analytics. No formal training is needed and users can find specific data analytic views to review, print or share via email. The program’s instant-on feature automatically provides a library of dynamic, ready to use RMIS data views.
RMIS Insights provides users with a choice of analytic categories to find the best solutions for their needs. Users can select from analytic categories covering Claim Metrics, Claim Trends, Policy Trends, KPI and Data Quality. Once the user finds the analytic model that meets their needs, each graphic allows users to directly drill into the underlying data.
Data security is a well-planned part of the solution, and authorized users can control what data they want to load and view, as well as if they have data they may want to benchmark in a safe cloud-data environment.
“The power of a collaborative community of users that cares about new evolving RMIS analytic models unlocks smart, new ideas that can help move the industry forward in strategic areas that make a measurable difference,” Mark Dorn, DAVID Corporation President and CEO, said. “RMIS Insights is the place to share a common platform of expertise, leverage pre built graphic exhibits and help build future ideas for RMIS data analysis of Key Performance Indicator (KPI) data,” added Michael Hamann, Vice President of Development.
RMIS Insights is ideal for large and small RMIS and Claim departments. Large clients with multiple data sources can consolidate their data and data analytic reporting in one platform. Smaller claim clients with data stored in Excel and isolated databases, can upload and leverage their data with high quality graphics and analytics. RMIS Insights is also beneficial for risk and claim managers whose older systems have report-only capability, yet they need, and want, robust graphic and data analytics without having to build a separate electronic data warehouse (EDW) or license costly training intensive analytic tools.
Users can register at https://rmisinsights.com to access the software and join the community of other risk managers who will be building and sharing ideas for additional analytic views and tools for winning results. Users can load up to 5,000 claims per organization free of charge. Additional claims can be obtained for $100/year per thousand.
“At RMIS Insights you can join your friends, colleagues, broker and partners in leveraging new ideas in risk data analysis,” Dorn added. “RMIS Insights is here and ready to help make RMIS data easier to understand and use.”
DAVID Corporation
DAVID Corporation has a 31-year history as one of the premier technology companies servicing the risk, claims and insurance markets. The company has one of the longest-serving uninterrupted independent commitments to clients in the industry. DAVID Corporation provides proven products, comprehensive technology and best practices that help clients reduce their total cost of risk as well as solve challenges in claims administration, underwriting, rating, policy management and reporting.
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