Milwaukee, WI, December 1, 2005 - Officials from Zywave, Inc. and Specific Software Solutions announced today that the companies are partnering to enhance workers compensation mod analysis technology with an interface between RALLE ® Warehouse and ModMaster version 4.0. Zywave´s RALLE ® Warehouse-Risk Analysis Loss & Liability Examiner- is a Web-based system designed to identify loss drivers, help reduce claims and injuries, improve safety, and lower premiums. Specific Software´s ModMaster software is used to compute and analyze the workers´ compensation modification factor.
"RALLE Warehouse uses an innovative online analytical process that allows agencies to view claims data in numerous ways and analyze claims experience by various factors to pinpoint issues. The interface with ModMaster allows brokers to leverage the workers´ compensation claims data captured in RALLE Warehouse to help clients fully understand their mod and the best ways to manage it," said Dave O´Brien, Executive Vice President of Zywave.
"Once a broker can identify problem areas through technology like ModMaster and RALLE Warehouse, they can perform a complete analysis and supply their clients with the best solutions to overcome high claim volume, and avoid similar instances in the future. The information they can cultivate is so complete, brokers can answer nearly any question from their client about claims data experience," said O´Brien. "This provides an invaluable service for the client and a point of difference for the broker."
Specific Software CEO Tim Coomer said, "ModMaster offers over thirty analytical reports that brokers may not always utilize due to the time it takes for input of optional claims data. With this interface, they no longer have to input claims or worry about getting them into a certain format for importing. With this streamlined process they have full claims data - including injury type, cause of loss, and more, propagated into ModMaster for a mod analysis."
The Ralle Warehouse/ModMaster interface is available now as a standard part of both companies´ product offerings.
About Zywave
Zywave is the leading provider of a line of Web-based employee benefits and property and casualty communication, administration, and claims data analysis systems designed to help insurance brokers gain profitable profitable market share. These applications help brokers secure and retain business by differentiating them from their competitors, and allowing them to compete on a high- capabilities basis. Additional information about Zywave may be found at www.zywave.com.
About Specific Software Solutions, LLC
Specific Software Solutions serves risk management and insurance professionals in companies of all sizes with software products that facilitate complex calculations and insightful analyses. Founded in 1990 by Tim Coomer, A.R.M., the privately held Brentwood, TN organization is best known for its flagship product ModMaster. More information about the company and its products is available at www.specificsoftware.com.
Source: HRmarketer.com