DAVID Corporation, a provider of insurance and risk management software, has announced an expansion of the NavRisk product suite to include NavRisk Catalyst, a comprehensive solution for claims cost reduction in the risk management industry. NavRisk Catalyst integrates policy, exposure, and claims data to allow for loss control effectiveness. Delivered through advanced analytics, dashboards, and reporting, this approach provides for improvements in an integrated solution.
Through NavRisk Catalyst, organizations can identify new loss trends, determine where those losses could be pertinent across the entire exposure base, and provide specific exposure and asset information to risk managers for deploying targeted loss control programs.
NavRisk Catalyst is part of the NavRisk product suite, which facilitates underwriting and policy processing, automates administration and management of claims, and provides online collaboration between internal and external stakeholders in the risk management enterprise. The complete suite consists of NavRisk Policy, NavRisk Claims, NavRisk Central, and NavRisk Catalyst.
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