RiskEnvision

RiskEnvision is a risk management and claims administration solution offered by Ebix Inc. According to the vendor, RiskEnvision caters to the needs of risk managers, claims administrators, self-insured and insurance organizations, as well as work comp, healthcare, and safety managers. With its web-based interface, customizable dashboards, and industry-specific features, RiskEnvision is a versatile tool that can be tailored to meet the requirements of various professions and industries.

Key Features

Web-based Risk Management: RiskEnvision offers a web-based total risk management and claims administration solution that can be easily accessed from anywhere, eliminating the need for complex installations or maintenance.

Customizable User Dashboards: Users can personalize their dashboards and analyses according to their specific needs, adding screens and functions without the need for custom programming. This feature provides flexibility for a tailored user experience.

Flexible Deployment Options: RiskEnvision can be installed in the existing system environment or deployed as an ASP solution, providing businesses with the flexibility to choose the deployment option that best suits their needs.

Comprehensive Solution: RiskEnvision is designed as a total risk management information system (RMIS) to meet the needs of various professionals and industries, including risk managers, claims administrators, self-insured and insurance organizations, and work comp, healthcare, and safety managers.

RVIQ Rules Engine: According to the vendor, RiskEnvision includes the RVIQ rules engine, allowing users to define their own business rules, triggering events, and resulting actions. This feature enhances automation and customization capabilities for decision support.

Business Intelligence and Reporting: RiskEnvision provides business intelligence and ad-hoc reporting capabilities, enabling users to generate customized reports and analyze data for data-driven decision-making and analysis.

Efficient Claim Management: The Active Claim Panel in RiskEnvision allows users to access claim and risk information quickly. Users can add unlimited user-defined fields and control required fields, enhancing the efficiency and accessibility of claim and risk information.

Online Incident Reporting: RiskEnvision offers online incident reporting functionality through the optional add-on module, WebEnvision. This feature streamlines the incident reporting process and improves data accuracy by providing a web-based connection to the RiskEnvision database for remote incident reporting.

Advanced Analytics with CompVision Dashboard: The CompVision Dashboard add-on module in RiskEnvision provides regression analysis and predictive analytics modeling capabilities. According to the vendor, this feature allows for in-depth loss and risk analysis using state-of-the-art techniques, enabling users to spot trends and make data-driven predictions for better risk management.