LIG Insurance Implements Risk Control Technologies' RC Inspection

By Carolyn J Dawson
TMCnet Contributor

Leading Insurance Services, Inc recently announced that it has implemented Risk Control Technologies Inc.’s RC Inspection for its loss control operations. Leading Insurance Group Insurance Co. Ltd., or LIG, is the parent company of the US-based Leading Insurance Services, which focuses on insuring key street Korean-American and Chinese-American business.

In a release, David Da Costa of Risk Control Technologies, said, "We congratulate LIG on its successful implementation of RC Inspection. We believe they will see some significant benefits in terms of productivity, consistency and timeliness."

The loss control process has been made more efficient by the RC Inspection offerings. Work requests can now be received through electronic means by the mobile loss control inspectors. A tablet device can also be used by these inspectors to gather varied information like assessment data, recommendations, digital photos and diagrams, all in the field. Underwrites can then use this information, which will be uploaded to a central database, for making underwriting decisions. As compared to the conventional paper-based loss control settings, the RC Inspection solution facilitates data mining and reporting to be carried out on the central data repository.

LIG's team of loss control representatives in New York, New Jersey and California are now able to carry out field surveys for its commercial like risks by configuring RC Inspection.

The conventional, tedious paper-based process in the insurance can now be made simpler with the latest technology-based offerings from Risk Control Technologies Inc. A majority of the top insurers across North America are currently utilizing the loss control solution developed by Risk Control Technologies.  

LIG Insurance Company, Ltd., which is based in Seoul, Korea, founded its subsidiary, Leading Insurance Services, Inc. in the United States on October 1, 2005. This subsidiary was formerly known as LIG Management Services, Inc. An insurance underwriting organization was specifically built by LIG due to rising growth opportunities in this sector in the U.S.   

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