Today’s risk management solutions mean asking what’s next.
As a solutions company, our job at Artex is to deliver results. We offer a full range of alternative risk management options and provide the risk management tools that allow businesses to thrive. Our tools not only take into consideration an operation’s experience but also examine what lies ahead. By so doing, we take a proactive, risk-enabled approach that gives businesses the information they need to make changes and the flexibility and agility to seize new opportunities. We understand that today’s environment means companies need to meet constant market, demographic and regulatory changes through ongoing operational and strategic evolution.
Our services are designed to minimize corporate risk; proactively mitigate losses; strengthen workplace safety, return-to-work, and wellness programs; address OSHA compliance and regulatory changes; effectively manage claims and expenditures; and assess whether current solutions continue to align with a client’s operational and strategic goals. At Artex, we believe there is an upside to risk when the right solutions and services are in place for our clients.
Claims Analytics Solutions
Artex Analytics provides a continuum of hands-on oversight and management of day-to-day claims operations to help clients gain greater control over the processing and outcome of their claims. We will identify claim trends and anomalies that allow us to employ proactive strategies to mitigate risk, reduce loss costs and facilitate fair claim resolutions. We’ll conduct client or Third Party Administrator (TPA) semi-annual case reviews to move claim files along to their successful conclusion. Our claim advocates will review the files, address action plans and make recommendations to expedite the closure of a claim. Moreover, the implementation of a comprehensive renewal support program for our clients is critical to helping the business successfully move forward year after year.
Integral to effective risk management is helping our clients take greater control of each segment of their risk program – essential in the continued success of an alternative risk solution. Captives, Risk Retention Groups and self-insureds all benefit from our customized in-depth claims training sessions.
In addition, our Claims Advocacy group supports the captive in its risk management strategy by providing risk control services and workshops and strategic planning committees to address key issues that impact the captive’s ability to reach its objectives.
Captive Health Check
Our Captive Health Check is designed to evaluate whether a current solution is serving the business well and continues to support the owner’s operational and strategic goals. We look at whether the captive is operating as expected, and if anything in the owner’s philosophy has changed that would affect the existing structure. We’ll assess if optimal utilization of captive cash flow is being realized and offer recommendations where improvements can be made. We will review governance issues to ensure that the captive is operating in accordance with the laws and regulations of its home domicile and whether the existing domicile is still meeting the needs of the owner.
Our Captive Health Check is offered to our clients where we have set up the captive or another alternative risk solution as well as to others looking for expert analysis and clarity on their program.