Assetworks Success Story: WASHINGTON COUNTIES RISK POOL
Region
- America
Country
- United States
Product
- AMP Risk Software
Tech Stack
- Not mentioned
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Functional Applications - Remote Monitoring & Control Systems
Use Cases
- Asset Health Management (AHM)
Services
- System Integration
About The Customer
Washington Counties Risk Pool (WCRP) is an organization that provides risk management and insurance solutions to counties across the State of Washington. Established in 1988, the organization is committed to the success of its members and focuses on understanding and responding to their diverse risk and insurance needs. In addition to providing economical and comprehensive risk coverage, WCRP is dedicated to helping members with loss control and the claims process. The organization is located in Olympia, WA and has 26 member counties.
The Challenge
Washington Counties Risk Pool (WCRP) was established in 1988 to provide risk management and insurance solutions to counties across the State of Washington. The organization is committed to understanding and responding to the diverse risk and insurance needs of its members. In addition to providing comprehensive risk coverage, WCRP is dedicated to assisting members with loss control and the claims process. However, the organization faced challenges in managing the vast amount of data related to the assets of its members, which included approximately 2,900 buildings and 5,000 licensed vehicles with a total insurable value of over $2.5 billion. The organization also needed to track movable equipment and property in the open.
The Solution
To address its challenges, WCRP partnered with AssetWorks to implement the AMP Risk Software. The software is used by 28 users, including pool members and pool leadership, to manage the vast amount of data related to the assets of its members. The software has been a huge selling point for WCRP, especially with one of its members who was considering other insurance options. The fact that the system is user-friendly and that their assets are already in there was a significant advantage. The software has also streamlined the renewal process. With members having access to the system, they can enter data throughout the year, reducing the amount of work required during the renewal season. The member access and approval processes have also improved data quality, enabling WCRP to save time while providing their brokers and insurance companies with more data in a clearer format than before.
Operational Impact
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