Willis Casualty Expert to Participate in Executive Roundtable
NEW YORK–(BUSINESS WIRE)–Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, said today that it will be offering demonstrations of Willis DataWizeSM at the National Workers’ Compensation and Disability Conference and Expo in Las Vegas, Nevada November 10-12, 2010. In addition, Pamela Ferrandino, Executive Vice President and Willis North America Casualty Practice Leader, will participate in the National Workers’ Compensation Conference Executive Roundtable session.
Launched in April 2010, Willis DataWizeSM, powered by Riskonnect® is an innovative, enterprise-class risk management information system (RMIS) that gives companies of all sizes a better way to track, manage and control their risks and achieve better outcomes. The system is supported by the consulting services of the Willis Strategic Outcomes Practice, the claim, loss control and data analytics consulting services of Willis North America.
“Willis DataWizeSM responds to growing demand from clients for a technology solution that enables companies to aggressively manage their data and make better risk management decisions, particularly as the costs associated with workers’ compensation evolve and escalate,” said Dorien Smithson, Executive Vice President, Strategic Outcomes Practice, Willis North America.
“Currently, companies’ medical spend is the main driver of workers’ compensation costs, and we’re seeing a rise in expenses related to pharmacy, physicians, and physical therapy for example. Willis DataWizeSM provides sophisticated tools to identify, analyze and minimize these costs,” she said.
Willis DataWizeSM can also identify claim trends, while taking a macro and micro view of loss drivers. The system features dashboards, scorecards, automatic alerts, a cost allocation system, and sophisticated modeling and analytics capabilities. Intuitive point-and-click drilldowns allow users to easily navigate their data.
Pamela Ferrandino will participate in the National Workers’ Compensation Conference Executive Roundtable session Thursday, November 11, 2010 at 1:30 p.m. This prestigious panel will tackle some of the biggest issues currently facing organizations. Topics of discussion include selecting medical providers, measuring outcomes on workers compensation claims, balancing quality and cost, and the future of workers’ compensation claims handling.
“Although premiums remain soft for many workers’ compensation risks, managing medical costs and expenses continue to be a challenge, and require greater focus,” said Ferrandino. “Whether costs are bundled into insurance programs or unbundled to various service providers, its important for companies to emphasize transparency and focus on the delivery of outcomes, as these factors can really impact costs,” she said.
To schedule a private demonstration of Willis DataWizeSM, please contact Lisa Guthrie, Willis Strategic Outcomes Practice at email@example.com, or 813-490-5166. The Willis Suite is located at the Las Vegas Hilton Convention Hotel.
To learn more about Willis DataWizeSM, please visit www.willisdatawize.com. Willis DataWizeSM is a service mark of Willis North America Inc.
Willis Group Holdings is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.
About Riskonnect, Inc.
Riskonnect, Inc. is the provider of a premier, enterprise-class technology platform for the risk management industry. As an independent innovator in risk management software, Riskonnect develops and markets a growing suite of software solutions on a world-class cloud computing model, helping clients elevate their risk management programs, safety solutions and programs for management of risks across the enterprise. Through its strategic, operational and insurable risk software applications, Riskonnect provides the risk management industry with the specific, configurable solutions needed to reduce losses, control risk and affect shareholder value. For more information about Riskonnect, contact us at www.riskonnect.com.com, email to firstname.lastname@example.org or call 770-790-4700.
Willis North America
Colleen McCarthy, +1 212-915-8307
Kerry K. Calaiaro, +1 212 915-8084