Chicago, IL – Origami Risk recently announced it has acquired Claimwire, a provider of automated workers’ compensation forms, compliance resources, and regulatory information to the insurance industry.
As a wholly-owned subsidiary of Origami Risk, Claimwire will continue to operate independently of Origami Risk and maintain all of its services to its clientele of insurers, third party administrators, risk managers and software vendors. In addition, the acquired firm’s employees, including Steve Schmutz, CEO of Claimwire, will remain in their respective roles at Claimwire.
“At Origami Risk, we have always employed state-of-the-art automation within our model in order to maintain the industry’s most satisfied customer base while achieving steady growth,” said Aaron Shapiro, executive director, Origami Risk. “Claimwire is a valuable outsourced regulatory compliance resource for many claims organizations, serving up-to-date workers’ compensation rules, forms and tools on a silver platter of automation. Adding Origami’s expertise and support to Claimwire ensures the future of this resource for TPAs, insurance carriers, self-insureds and for other software vendors throughout the industry. This was an excellent opportunity for us to offer efficiency to our customers, partners and many other users.”
“This combination is truly a win-win for both organizations and our clients,” said Mr. Schmutz. “We are thrilled to be part of Origami Risk. We look forward to enhancing Claimwire’s capabilities through the expertise and resources Origami will contribute while affording us the opportunity to operate independently, and to continue serving all segments of our clientele.”
With the world’s largest online library of more than 5,000 state workers’ compensation claim forms, Claimwire has fulfilled nearly 11.5 million individual form requests since it began operations in 2012. Additionally, Claimwire’s unique search engine provides access to more than 7,000 federal and state laws and regulations, and its online portal facilitates workers’ compensation claim reporting in all 50 states.
Origami Risk provides intuitive web-based software that streamlines how risk, insurance and claims data are collected, analyzed and shared—ultimately helping users to be more productive and manage the total cost of risk for their organizations or for their clients. The firm’s industry-leading Risk Management Information System (RMIS), Claims Management System and Policy Management System offer speed, flexibility, automation, data import and export tools, claims management tools, analysis and reporting tools.
Source: Origami Risk