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Enterprise Risk Management
Clients from a vast array of industries use STARS to effectively manage their total cost of risk. STARS combines organization's risk data into a single database of claims, transactions, policies and exposures with powerful reporting capabilities to help clients clearly identify cost drivers. As a result, STARS provides a Risk Manager with timely, accurate information to enable implementation of effective loss control procedures to reduce the frequency and severity of incidents, and to substantially decrease an organization's insurance costs.
STARS risk management features include:
  • Claims Management
  • Policy Management
  • Auto-diaries and Alerts
  • Personalized MySTARS Homepage
  • Financial and Analytical Reporting & Graphing
  • Incident Entry
  • Property Management (C.O.P.E.)
  • OSHA Management and Reporting
  • Certificates Management
  • Data Conversion and Consolidation
For businesses adopting an enterprise-wide risk management approach, STARS helps effectively identify, assess, and manage all manner of risk across an extended organization. Deploying risk event management throughout an enterprise helps identify safety, legal, financial, physical and security vulnerabilities to reduce exposures and the potential impact on an entire business.
STARS enterprise risk event management functionality includes:
  • Matter management functionality to facilitate collaboration between workgroups and ensure proper handling of enterprise-wide issues and events

  • Internet-based incident reporting tools and related reports for regulatory compliance

  • Consolidated and accurate data from which to generate your corporate risk profile

  • Automated and easy-to-use reporting tools to communicate risk profiles of business units, divisions, regional units or any classification within your organization

  • Scheduled distribution of reports and information to ensure timely and regular dissemination of risk status to business units

  • Personalized My Stars homepage for colleagues to track specific reports, alerts, and events

  • Workflow and intuitive interface to assist in collaboration and knowledge-sharing across your organization and colleagues

  • Alerts to ensure timely response and escalation handling of corrective actions and measures for improvement

  • Litigation management functionality and Mass Tort data administration for issues resulting in legal action
 
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