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 lisa.guthrie@willis.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.
About Willis
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 info@riskonnect.com or
call 770-790-4700.
