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RiskVault benefits:
A streamlined web-based environment that speeds claims handling while significantly reducing costs.
Significant cost reduction.
Paper reduction.
Reduced time to settle clamis.
Reduction/elimination of on-site auditor claim file review.
Less chance of lost documentation.
Files accessible by multiple users at all times.
Common platform for all outsourced work. |
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Products  JetData|eTimeTrack|WriteNow|EZeDocs/400|RiskVault |
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RiskVault from MFX
Company overview
 MFX is a subsidiary of Fairfax Financial Holdings Limited, a global financial services holding company. Through its subsidiaries, Fairfax is engaged in property, casualty and life insurance as well as reinsurance, investment management and insurance claims management. MFX was formed as an independent technology company to support insurers, reinsurers, risk managers and brokers with proven eBusiness and other technological solutions designed specifically for the insurance industry. These are proven products, the result of leveraging our experience in managing insurance processes on a global basis.
Product Description
 Processing insurance claims has always been paper-intensive with multiple entities requiring access to the information. RiskVault eliminates the hassle, speeds the process and reduces costs significantly.
RiskVault is an independent web based system that consolidates all documents and data associated with a claim in a single, secure location-the VaultPacket.
The result is an instantly streamlined process that drops the cost to manage the "paperwork" for 10,000 claims from $2,000,000 to just hundreds of thousands...a potential savings of well over $1 million dollars.
RiskVault requires little more than a computer with an internet hook-up. Files are easily accessed and the need for training is minimal. It accepts and catalogs all documentation associated with a claim, including photos, sound and video files.
With RiskVault, claims move faster, so indemnity payouts are potentially lower. Document duplication is eliminated. And staff is freed to manage claims, not paperwork.
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