Complete Processing
+ Transparency = Success
NavRisk is a full service risk management solution currently in production with various Insured Organizations, TPAs, and Risk Pools. NavRisk has helped clients dramatically reduce their cost per claim, cut administrative costs in half and recognize six-figure operational savings through automated workflow, a sophisticated business rules engine and integrated core systems.NavRisk integrates claims, policy and reporting to help organizations improve operations, reduce expenses, increase productivity and enhance agent and customer satisfaction.
Built on the Microsoft .Net technology stack, NavRisk simplifies business processing by using intelligent software to automate decision-making - from policy rating and issuance to claim entry and settlement. The NavRisk suite is adaptable to the needs of the enterprise, featuring visual workflows; reporting, analytics, and business intelligence tools; a collaborative work environment; and tools for monitoring, managing, and measuring processes and productivity. Based on business process management capabilities and a robust Business Rules Engines, NavRisk automates repetitive tasks, minimizes manual intervention, establishes consistent practices, and provides operational transparency.
NavRisk comprises an integrated platform, focused functionality, and content that can be shared with insureds, agents, claimants, providers, vendors, attorneys, and other parties to insurance transactions.
The complete suite consists of NavRisk Policy, NavRisk Claims, NavRisk Central, and NavRisk Analytics which can be licensed as a completely integrated suite or by individual product.
NavRisk Policy - combines user-defined business rules with standards-based technologies, business process management, and flexible workflows. It automates underwriting, streamlines data management, and delivers information to underwriters, carriers, cost centers, agents, and brokers.
NavRisk Claims - combines a customizable home page with a user-defined rules engine, data analytics, and dynamic reporting capabilities. It automates claims processing specific to an organization's business needs.
NavRisk Central - is a customizable web portal that provides self-service reporting, policy quotes and renewals on demand, claim and payment updates, and a collaborative environment in which to interact with other parties.
NavRisk Analytics - provides configurable reporting, analytics and business intelligence, and is built on the latest SAP® Business ObjectsTM platform.
