Markets We Serve

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Markets We Serve 2017-10-17T18:23:49+00:00

INSURANCE MARKETS WE SERVE

Self InsuredSelf-Insureds

You take all the risk as a self-insured entity. Do you have the tools to manage that risk? NAVRISK VISION can take the risk out of self-insurance by providing insight into your business that other solutions cannot. We count several Fortune 500 companies among those that have partnered with us to manage their self-insured workers’ comp and liability programs.

Risk PoolsRisk Pools

Are you a public entity or governmental risk pool without a risk management system? We know how risk pools work. Your members’ satisfaction is imperative. Typical policy management systems don’t address your special needs. NAVRISK VISION helps some of the largest public entity risk pools in North America serve their members with precise rating; automated underwriting and integrated claims handling.

Third Party AdministratorsThird Party Administrators

DAVID Insurance has been providing Risk Management Information Systems to Third Party Administrators for over 25 years. Today’s TPAs are asked to do more with less every day.  You need to serve multiple clients, each with different programs and reporting requirements.  One size definitely does not fit all.  We know you survive on the thinnest of margins. You serve multiple masters…all demanding perfection.

You need a RMIS that empowers you to take on any account and any line of business with confidence. NAVRISK VISION gives TPAs tools to serve clients today and to win new business tomorrow. Providing timely reports to your client is key – NAVRISK VISION delivers the most robust and flexible reporting & analytics components available. All in browser-based system anyone can access.

CaptivesCaptives

Captives aren’t standard P&C insurance carriers, and your risk management solution requirements are unique. Reinsurance reporting, currency exchange, and complex policy layering are just a few things you may need to succeed.

NAVRISK VISION handles the complex transactions of the alternative risk market while rendering an intuitive user interface anyone can use.

P&C CarriersP & C Insurance Carriers

Do you have legacy systems for policy or claims administration that can’t keep up with your future business goals? Do you need a modern agency portal that works with your back office applications and processes? We know that P&C carriers writing specialty lines business need a unique system.

We started with Workers’ Comp nearly 30 years ago and since then we have configured over 100 lines of business. NAVRISK VISION integrates the core functionality required for Carriers, RRGS and MGAs to take your business to the next level.

NAVRISK Risk Management Systems: Best Solution for Self-Insured Entities

Self InsuredYou take all the risk as a self-insured entity. Do you have the tools to manage that risk? NAVRISK VISION can take the risk out of self-insurance by providing insight into your business that other solutions cannot. We count major Fortune 500 companies and large private entities among those who have partnered with us to manage their self-insured workers’ comp and liability programs.

There are many good reasons to self-insure your workers’ comp and liability programs.  But do you have the systems in place to do it right?  From high deductibles and self-insured retentions to multi-policy claims and reinsurance, NAVRISK VISION is a risk management system that helps self-insureds mitigate risk and contain costs by:

  • Tracking self-insured and 3rd party policies
  • Integrating all policy/certificate data with loss information
  • Creating configurable business rules and workflows to automate claims processes
  • Offering predictive modeling and risk analytics
  • Reporting of FNOL and FROI online
  • Complying with state and federal regulations and reporting, including new CMS regulations

NAVRISK VISION automates claims management and reporting to simplify processing while providing instant access to the data you need to make informed decisions.

Our first software product was created for Self-Insured organizations nearly three decades ago, and since then DAVID Corporation has continued developing innovative products that help Self-Insureds manage their risks and claims processing. With NAVRISK VISION, our clients have been able to significantly reduce their cost per claim and cut administrative costs in half to recognize tremendous operational savings.

RMIS for Complex Needs of Insurance Risk Pools

Risk PoolsAre you a public entity or governmental risk pool without a risk management system? After thirty-two years of public entity project experience and fifteen years of direct pool experience, we know how risk pools work. Your members’ satisfaction is imperative. Typical claim and policy management systems don’t address your special needs. NAVRISK VISION helps some of the largest public entity risk pools in North America serve their members with precise rating, automated underwriting, member portal, property management, safety/loss control and integrated claims handling.

Public entity and government risk pools have complex risk management needs unique to their members including cities, towns, and municipalities.  We know that risk pools need a RMIS that organizes underwriting and claims data to give clear insight into the risks they insure. The NAVRISK VISION suite does of this and more by:

  • Eliminating disparate data sources and manual rating operations
  • Providing rating and underwriting for over 200 coverages required by pool members
  • Connecting through browser-based portal for agents, brokers, and members
  • Providing actionable business intelligence with flexible ad-hoc reporting
  • Incorporating invoicing and financial reporting
  • Integrating policy and claims data to provide complete historical loss data

With NAVRISK VISION, our clients have been able to significantly reduce their cost per claim, recognize six-figure operational savings and cut administrative costs in half.

DAVID Corporation is the number #1 largest provider of claims and policy administration systems for Public Entity based Pools in North America. We currently support pools of all sizes from eighty (80) members to the largest in the industry with over a thousand (1,000+) members. Our experience covers more than thirty-two years and includes client success as evidenced by having 21,703 entities processing claim and policy data records, 226,299 Policies processed and more than 172,256 certificates of insurance processed.  Put our proven Pool expertise to work for you.

Risk Management Information Systems for Third Party Insurance Administrators

Third Party AdministratorsDAVID Corporation has been providing Risk Management Information Systems to Third Party Administrators for over 25 years. Today’s TPAs are asked to do more with less every day.  You need to serve multiple clients, each with different programs and reporting requirements.  One size definitely does not fit all.  We know you survive on the thinnest of margins. You serve multiple masters…all demanding perfection. You need a RMIS that empowers you to take on any account and any line of business with confidence. NAVRISK VISION gives TPAs tools to serve clients today and to win new business tomorrow. Providing timely reports to your client is key – NAVRISK VISION delivers the most robust and flexible reporting & analytics components available. All in a browser-based system anyone can access. NAVRISK VISION provides TPAs with:

  • A claims administration system designed by claims professionals
  • 24/7/365 access with a SaaS or self-hosted platform
  • A collaborative risk portal that provides secure browser-based access to all data
  • Highly configurable reporting utilizing SAP® BusinessObjects Business Intelligence
  • Online reporting of FNOL and FROI
  • Compliance with state and federal regulations, including new CMS reporting
  • Predictive analytics and actionable business intelligence
  • Standard & ad-hoc reporting and configurable management dashboards
  • Full document management and ECM capabilities for a paperless environment.

We have worked with TPAs for over 25 years and understand the challenges that you face daily. With NAVRISK VISION, our clients have been able to significantly reduce their cost per claim and cut administrative costs in half.

We work with long-established organizations as well as with start-up TPAs, and have solutions designed specifically for start-up operations to get you up and running right away.

NAVRISK VISION RMIS: Custom Software Solutions for Insurance Captives

CaptivesFormation and use of domestic insurance captives is growing every year.  Captives aren’t standard P&C insurance carriers, and your RMIS requirements are unique. Captives usually provide highly customized programs, requiring a custom software solution.  Reinsurance reporting, currency exchange, and complex policy layering are just a few things you may need to succeed. NAVRISK VISION  handles the complex transactions of the alternative risk market while rendering an intuitive user interface anyone can use.

NAVRISK VISION brings all risk relevant data into a single environment, with advanced business rules and workflow management tools, providing support for:

  • Full underwriting, rating and policy issuance
  • Multi-policy layering
  • High deductible and SIR capabilities
  • Standard or manuscripted policy forms
  • Reinsurance premium allocation and reporting
  • Currency exchange calculations
  • Collaborative tools for captive managers, brokers, and TPAs

NAVRISK Integrated RMIS for P&C Carriers, Insurance Specialty Lines

P&C CarriersDo you have legacy systems for policy or claims administration that can’t keep up with your future business goals? Do you need a modern agency portal that works with your back office applications and processes? We know that P&C carriers writing specialty lines business need a unique system.  We started with Workers’ Comp nearly 30 years ago and since then we have configured over 100 lines of business. NAVRISK VISION integrates the core functionality required for Carriers, RRGS and MGAs to take business to the next level.

Integrating policy administration, underwriting, rating and claims administration into a single RMIS and insurance software solution, NAVRISK VISION provides:

  • Highly customizable rating structures
  • Configurable business rules and underwriting workflows
  • Browser-based portal for agents, brokers, and insureds
  • Advanced business intelligence, reporting, and dashboards using NAVRISK VISION Analytics
  • Multi-policy and reinsurance reporting
  • Full Workers’ Compensation rating, underwriting, and claims
  • Integrated policy and claims reporting

PRODUCT RESOURCE LIBRARY

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Access the full library of DAVID corporate literature and NAVRISK VISION product information. Here you will find additional videos, recorded webinars, and PDF documents outlining product content and our proven 60-day Pathway For Success methodology.

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Navrisk Vision

Cut Costs & Optimize Workflow with NAVRISK VISION

NAVRISK VISION is a comprehensive risk management and insurance software solution. It has helped our clients reduce their cost per claim, cut administrative costs in half and recognize significant operational savings through automated workflow, a sophisticated business rules engine and integrated core systems. NAVRISK includes programs for claims, policy, billing, reporting and portal data needs.

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NAVRISK VISION TECHNOLOGY REDUCES THE TOTAL COST OF RISK AND SOLVES CHALLENGES IN CLAIMS ADMINISTRATION, RISK MANAGEMENT, POLICY ADMINISTRATION AND REPORTING

STRATEGY

NAVRISK VISION helps clients achieve strategic goals and high-value outcomes.  Utilizing data analytics clients move from a defensive to an offensive position.

INSIGHT

Create, define, and respond to real-time activity with better insight. NAVRISK VISION data tools inform users and help them to make precise decisions.

EXECUTION

Quicker execution is the solution. Optimize key business processes and generate successful results you can see with instant-on data analytics and robust reporting.