Control Your Total Cost of Risk (TCOR)

Is Controlling Total Cost of Risk (TCOR) on Your To-Do List, but you’re not sure where to start? 

Let’s start by examining the 5 components of Total Cost of Risk. Click on each of the slices below to reveal key questions Risk Managers can answer to unlock opportunities to effectively manage risk.

• Insurance Premiums, Commissions, and Fees

• Claims and Loss Control

• Self-Insured Retention

• Internal Administration

• Outside Providers

Risk Managers are expected to calculate, benchmark and reduce Total Cost of Risk. Yet the unfortunate reality is that the data needed to effectively manage TCOR often resides in solos, or is out of reach. How can you be an effective driver in your RMIS process when you’re plagued with policy administration tasks, gathering and managing data from disparate systems and lack the critical visibility into all the components that make up your Total Cost of Risk?

Meet Solartis Risk & Policy Manager™

A unique, cloud-based RMIS system to track and manage your Insurance Policies, Coverages, Premiums and Claims, as well as your Covered Participant’s Assets, Premium Contributions and Activities

With Solartis Risk & Policy Manager™, Risk Managers can finally:

• Issue policy documents and generate reports quickly
• Easily access asset, exposure and premiums data in a single location to control TCOR
• Be proactive in identifying risk with accurate and up to date COPE data
• Use creative approaches to protect assets
• Organize and administer all insurance information and documents easily
• Allocate premium contributions accurately
• Collaborate effectively with multiple stakeholders on a single platform

Learn about Solartis Risk & Policy Manager™

in Two and a Half Minutes

The best part? Costs with Solartis are approximately 1/3 the cost of traditional RMIS. Our revolutionary pricing model rewards users for effective risk management. If TCOR goes down, you pay less!