OCI Announces Enhanced Certificates of Insurance Module for Its Risk Management Information System (RMIS)

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Expanded product feature provides complete end-to-end certificate of insurance management and administration

Combined with our highly competitive pricing and the significant enhancements made earlier this year to our already robust RMIS package, risk managers can have the best and most complete information management tools available at a low cost of ownership.

OCI announced today the enhancement of its Certificates of Insurance (COI) module for its web-based risk management information system. The enhanced Certificate of Insurance module includes the addition of inbound certificate tracking and management and is fully integrated with OCI’s RMIS certificate issuance capability. This expanded product feature provides complete end-to-end certificate management and administration, mitigating the inherent risk in managing multiple, disconnected work groups where a lack of information can lead to significant exposures.

“The new inbound COI tracking and management function gives risk managers a powerful tool to aid their decision making and monitoring of supplier contract and insurance requirements compliance,” says Archie Anderson, President of OCI. “Combined with our highly competitive pricing and the significant enhancements made earlier this year to our already robust RMIS package, risk managers can have the best and most complete information management tools available at a low cost of ownership.”

The new Certificate Tracking function manages inbound certificate images as well as the meta-data elements related to the images. The new capability also includes:

  • Online submission, storage & data entry
  • Mismatch Dashboard for automatic validation to contract requirements
  • Online document storage
  • Automated pending renewal at multiple points in time to designated recipients
  • AM Best rating insurer validation

The Certificate Issuance function is the administrative interface for issuing certificates to meet contract requirements. Included among its enhanced features is automated production of ACORD forms, electronic signatures and automatic distribution via e-mail.

OCI’s Risk Management Solutions and Certificate of Insurance module are the result of over two decades of experience in providing critical information support and applications for Fortune 1000 enterprises across America. Based on these analytic insights, OCI offers right-sized solutions—delivering only business critical information, only when it’s needed.

About OCI:
OCI is an information management solutions business that helps companies make better-informed decisions about their risk management and employee benefit programs.

OCI has designed and delivered integrated health, productivity and risk management solutions to Fortune 1000 companies since 1984. Using secure web-based applications, a flexible, client-centric approach and deep industry experience, our solutions transform data into information and knowledge, giving our customers the power to increase administrative efficiency, reduce expenditures and improve productivity.

http://www.oci.com

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Robert Cuthbertson
OCI
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