Control Your Total Cost of Risk (TCOR) - PowerPoint PPT Presentation

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Control Your Total Cost of Risk (TCOR)

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Is Controlling Total Cost of Risk (TCOR) on Your To-Do List, but you’re not sure where to start? – PowerPoint PPT presentation

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Title: Control Your Total Cost of Risk (TCOR)


1
Control Your Total Cost of Risk (TCOR)
  • Is Controlling Total Cost of Risk (TCOR) on Your
    To-Do List, but youre not sure where to start?

2
Five components of Total Cost of Risk
  • Insurance Premiums, Commissions, and Fees
  • Claims and Loss Control
  • Self-Insured Retention
  • Internal Administration
  • Outside Providers

3
Total Cost of Risk (TCOR)
  • Risk Managers are expected to calculate,
    benchmark and reduce Total Cost of Risk. Yet the
    unfortunate reality is that the data needed to
    effectively manage TCOR often resides in solos,
    or is out of reach. How can you be an effective
    driver in your RMIS process when youre plagued
    with policy administration tasks, gathering and
    managing data from disparate systems and lack the
    critical visibility into all the components that
    make up your Total Cost of Risk?

4
Meet Solartis Risk Policy ManagerTM
  • A unique, cloud-based RMIS system to track and
    manage your Insurance Policies, Coverages, Premium
    s and Claims, as well as your Covered
    Participants Assets, Premium Contributions and
    Activities

5
With Solartis Risk Policy Manager, Risk
Managers can finally
  • Issue policy documents and generate reports
    quickly
  • Easily access asset, exposure and premiums data
    in a single location to control TCOR
  • Be proactive in identifying risk with accurate
    and up to date COPE data
  • Use creative approaches to protect assets
  • Organize and administer all insurance information
    and documents easily
  • Allocate premium contributions accurately
  • Collaborate effectively with multiple
    stakeholders on a single platform

6
Learn about Solartis Risk Policy Managerin
Two and a Half Minutes
  • https//player.vimeo.com/video/158882882
  • The best part? Costs with Solartis are
    approximately 1/3 the cost of traditional RMIS.
    Our revolutionary pricing model rewards users for
    effective risk management. If TCOR goes down, you
    pay less!

7
Need Help Determining Whether Solartis Risk
Policy Manager is Right for You?
  • Sign up to see a brief, no-obligation demo
  • Thank You
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