Press Release
Two Third-Party Administrators Select DAVID’s NavRisk Claims to provide enhanced web services to client base
SAN FRANCISCO, Calif. – March, 25 2008 – DAVID Corporation, an innovative provider of Insurance and Risk Management software, today announced that Pegasus Risk Management and Freese & Gianelli, two divisions of The Simon Companies, have selected NavRisk as their claims management and portal software solutions. They selected NavRisk Claims for its intuitive user interface, comprehensive reporting analytics, and configurable business rules engine. They also selected NavRisk Central to be both their internal and client facing collaborative risk management work space.
Both companies are leading third-party administrators that provide claims services to insurance carriers, self-insured organizations and government agencies. Pegasus Risk Management administers workers’ compensation claims and related services and Freese & Gianelli administers claims for numerous lines of business such as Auto, General Liability, Property, Inland Marine, Medical Malpractice, and Errors & Omissions.
NavRisk Central empowers Pegasus and Freese & Gianelli to securely extend claims information globally to their clients through a web-based portal, eliminating cumbersome and paperbound processes. Additionally, the embedded business rules engine of NavRisk Claims will provide both companies with greater flexibility to accommodate individual client requirements as well as provide agility in adapting to new regulations and statues, ultimately reducing the claim cycle.
NavRisk Claims and Central are part of the NavRisk Suite, a comprehensive risk management solution which facilitates highly effective underwriting and policy processing, automates administration and management of claims, provides online collaboration between internal and external stakeholders and offers sophisticated loss control and prevention capabilities. The complete suite consists of NavRisk Policy, NavRisk Claims, NavRisk Central and NavRisk Catalyst.
“Employing technology to best serve our clients has always been a critical component of our corporate mission and strategy. We chose NavRisk to not only meet our internal claims management requirements but to also help improve collaboration and communication among our claims adjusters, clients and trading partners as well as provide enhanced self-service options to our clients. Additionally, NavRisk will help us manage our ongoing growth,” stated Jeff Simon, CEO of The Simon Companies.
“DAVID is delighted to partner with Pegasus and Freese & Gianelli to provide services to their clients through NavRisk’s state-of-the-art technology and rich feature set,” stated Alex Aminian, President and CEO of DAVID Corporation. “NavRisk Claims and Central will not only help dramatically reduce claims processing life cycles, but will help facilitate their aggressive growth strategy through its ease of configuration, and quick implementation.”
About DAVID Corporation
DAVID Corporation has been serving the Insurance and Risk Management market for nearly a quarter of a century. A pioneer in risk management software solutions, DAVID’s solutions create a truly collaborative workspace for all stakeholders, designed with specific business rules and workflow in mind. From underwriting to policy renewals, and first notice of claim to final settlement, DAVID works in partnership with our clients to implement a solution designed to leverage each client’s unique and innovative business processes. DAVID Corporation is headquartered in San Francisco, California. Contact DAVID at 800-55-DAVID or visit www.davidcorp.com.
About The Simon Companies
Since 1942, The Simon Companies have provided innovative and high-quality claims administration and cost-containment strategies to clients throughout California. Comprised of Pegasus Risk Management, Freese & Gianelli Claims Services, Status Bill Review, Status Investigative Group, and Status Medical Management, each facet of The Simon Companies blends cutting-edge technology with traditional business values. For more information, please visit www.simon-companies.com.