Risk Control Technologies Selected by Frank Cowan Company for RC Inspection

Joining the list of insurers streamlining the loss control inspection process with industry-leading tablet solution

(January 3, 2012 – Toronto) Risk Control Technologies Inc., the industry-leading provider of loss control software solutions for insurers, today announced that Frank Cowan Company has selected the RC Inspection software solution to streamline its loss control operations. This puts Frank Cowan Company on the list of leading insurance organizations equipping its team of risk management inspectors with tablets installed with the RC Inspection application for loss control management.

The RC Inspection solution streamlines the field inspection process. It allows mobile risk inspectors to electronically receive work requests and collect information in the field including assessment data, recommendations, digital photos and diagrams. Data is then uploaded into a central database which allows underwriters to utilize the information in making underwriting decisions. The central data repository offers data mining and reporting capabilities which have traditionally been unavailable in the paper-based loss control environment in which most insurers operate.

With RC Inspection, Frank Cowan Company will be able to:

  • Automate its loss control processes to reduce manual tasks.
  • Improve the quality and consistency of inspection reports delivered to key stakeholders.
  • More effectively track and follow-up on outstanding recommendations which affect risk profiles.
  • Provide its underwriting team with high quality, timely data in support of decision-making.
  • Eliminate paper loss control files.
  • Equip their risk management team with tablet devices to increase productivity on the go.

“We selected the RC Inspection software solution, not only for its reputation for simplifying and streamlining loss control processes for many leading insurers, but also because the team at Risk Control Technologies really understands our business,” said Barb Szychta, Director, Risk Management Services for Frank Cowan Company.

About Frank Cowan Company

Frank Cowan Company is a leader in providing specialized insurance and risk management solutions for organizations in the municipal, healthcare, education, and community and social service sectors. Frank Cowan Company is affiliated with Cowan Insurance Group, the Guarantee Company of North America and Millennium CreditRisk Management. For more information, visit www.frankcowan.com.

About Risk Control Technologies Inc.

Risk Control Technologies Inc. uses leading-edge technology to simplify what are traditionally horribly onerous, paper-based processes in the insurance industry. Today, the loss control solution developed by Risk Control Technologies is used by leading insurers throughout North America. For more information, visit www.riskcontroltech.com.