Finance

Risk Insurance Management System

Full-scale eRIMS platform engineered to replace fragmented risk tracking with a unified digital ecosystem

Overview

To overcome risks spanning financing, legal, strategy, regulatory compliance, and operations, a Risk Management application was developed to monitor and report issues in a timely manner. We developed platform for prioritizing tasks and tracking risk across every business process, the solution ensures critical risks are consistently addressed and recorded on time.

Customer

A global governance, risk, and compliance software company based in the USA serves clients across healthcare and highly regulated industries.

United States

Challenge

These risks can be anything from financing, legal, strategy,
regulatory compliance to operations. The client was challenged to prioritize tasks, track the risks
associated with each process and was unable to fetch ways to overcome it. This made the client
develop a Risk Management application that would monitor and report risks timely and ensure that
critical risks are addressed and recorded on time.

To manage the policy efficiently of different users and premium allocations
To monitor insurance tasks like claims, coverage, renewal and other management
To address all the property management issues from land, car and similar
To address healthcare, claim, incident, lease management
To track employees who wish to return to work after injuries
To manage equipment and purchasing management
To track Fleet management, its vehicles, drivers and its management

Risk Insurance Management System Case Study

Solution

Our developers are adept and backed up with technical expertise and financial experience from the projects they have developed for our clients. As a result, .NET and its related technologies along with Azure cloud services
were first choice the project. Thus, to holistically address each of these needs, we developed a
cutting-edge platform that will prepare the business for the occurrence of any risk that would
critically hinder the functioning of the business. The(eRIMS) Risk Management Information System is
a web-based application that offers an integrated, modular approach to risk management. From
tracking incidents and processing claims to measuring policy erosion, eRIMS can be configured to
meet the unique needs of different clients working in different industries.

Below are the major features offered by the platform

Policy Management

This module maintains and manages all the policies, premiums, deductibles, layers, quota shares and more. It will also assign properties and claims for policy erosion and premium allocation.

Expertise

Tools & Technologies

Microsoft .Net Framework
ASP.Net(C#)
JavaScript
jQuery Web Services
Windows Service
Microsoft Azure
Azure DevOps
MS SQL Server
Fusion Charts
Telerik controls
SendGrid

Result

A well-structured risk management system offers higher efficiency and operational ability to overcome risks timely. Businesses can bring awareness by systematic monitoring and managing the risks. By using Ludych’s custom software development services business can develop risk management software which provides the following benefits

Becoming more structured and organized throughout the risk lifecycle
Improving workflow management
Creating a custom dashboard that shows risk reports based on specific criteria
Easier Analytics using the application will impact the core of the business enormously

Ready to Build Your Custom Application Solution?

Ludych is a reputed CMMI level 3 software and mobile app development company. When it comes to software development companies, Ludych strives to be the best.

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