ClearRisk

ClearRisk is a Risk Management Information System (RMIS) designed to assist organizations in managing and mitigating risks. The vendor claims that ClearRisk provides a centralized platform for tracking and analyzing risks, incidents, claims, and insurance policies. It is marketed as suitable for businesses of all sizes, including small enterprises and large corporations. The product is said to be utilized by various professions and industries, such as risk managers, insurance professionals, risk consultants, municipalities, and real property companies.

Key Features

Risk Management: According to the vendor, ClearRisk offers risk management software that helps organizations identify, assess, and mitigate risks. It aims to centralize risk information for easy access and analysis, providing tools for risk assessment, incident management, and risk reporting.

Incident Reporting: The system is claimed to streamline the incident reporting process, allowing users to easily record and track incidents. It captures detailed incident information, including date, time, location, and involved parties. The vendor states that automated notifications and escalations ensure a timely response.

Paperless Risk Department: ClearRisk is marketed as a solution that enables risk departments to go paperless by eliminating manual paperwork and documentation. The vendor claims that it digitizes risk management processes for increased efficiency and accuracy, providing a centralized digital repository for risk-related documents and information.

Insurer Confidence: The vendor suggests that ClearRisk helps organizations gain the confidence of insurers by providing data-driven insights to demonstrate effective risk management. It claims to enable organizations to optimize their self-insured retentions (SIR) during insurance hard markets and enhance risk management practices to meet insurer requirements and potentially reduce premiums.

Data Collection and Analysis: ClearRisk is said to facilitate data collection and analysis for risk management purposes. It captures and stores data related to incidents, claims, and risks, providing customizable reports and analytics for data-driven decision-making. According to the vendor, organizations can identify trends, patterns, and areas for improvement.

Webforms: The system is designed to simplify data entry through web-based forms, allowing users to collect and submit data in a single step. The vendor claims that this enhances data integrity and reduces time spent on data collection. ClearRisk is marketed as a solution that streamlines the process of capturing and managing risk-related information.

Compliance Management: ClearRisk is marketed as a tool that helps organizations ensure compliance with regulations and industry standards. It provides tools for tracking and managing compliance requirements, automates compliance tasks and reminders, and generates compliance reports and audits for regulatory purposes.

Document Management: The platform aims to centralize document management for risk-related files, enabling easy storage, retrieval, and sharing. It offers version control and document tracking features, enhancing collaboration and ensuring document security.

Customizable Reports: ClearRisk offers a library of pre-built reports for quick insights and allows users to customize reports based on their specific needs. It provides visualizations and dashboards for data visualization and enables organizations to generate comprehensive reports for stakeholders.

Integration: According to the vendor, the system integrates with other systems and data sources, allowing seamless data exchange between ClearRisk and other applications. It claims to enhance data accuracy and eliminate manual data entry, enabling organizations to leverage existing systems and data for risk management.