Coastal Insurance Risk Retention Group Partners with Ravello Solutions for Policy Administration, Billing and Claims Management Systems

Ravello expands by deepening its clientele for Medical Professional Liability and Workers’ Compensation

MONTGOMERY, Ala.--(BUSINESS WIRE)--Coastal Insurance Risk Retention Group (CIRRG) and Healthcare Workers’ Compensation Fund (HWCF) announced today the selection of Ravello Solutions to implement a new end-to-end software system to service their hospitals and physicians in the state of Alabama. This covers both Medical Professional Liability Insurance and Workers’ Compensation. Ravello Solutions’ web-based system will refine and enhance CIRRG’s risk management programs by enabling the organization to support their members’ prevention initiatives and operational efforts more efficiently. Ravello is a leading provider of information management technology to property and casualty insurers and is a specialist in Medical Professional Liability Insurance as well as Workers Compensation Insurance.

Mel Capell, President and CEO of CIRRG and HWCF, stated “We conducted an extensive search and selection process which resulted in selecting Ravello for this mission critical initiative at our company. Our organization was impressed with Ravello Solution’s industry leading insurance expertise, proven track record of client-centric service and operational flexibility. We know that our new system will greatly benefit our members and our operations.”

Andy Serowitz, President and Chief Operating Officer of Ravello Solutions, said, “The selection by CIRRG and HWCF further underscores Ravello’s growth and commitment to both the Medical Professional Liability and Workers’ Compensation sectors. Both are central to our long term strategy of controlled and profitable growth. Our web enabled solutions allow us to configure the workflows and unique aspects of CIRRG’s and HWCF’s operations giving the company the operational and market flexibility required to compete in these market sectors.”

About Coastal Insurance Risk Retention Group (CIRRG) and Healthcare Workers’ Compensation Fund (HWCF)

CIRRG is an Alabama based Medical Professional Liability insurance carrier, which provides professional liability coverage for hospitals, physicians and Allied Health providers. CIRRG also provides comprehensive general liability and excess liability coverage. CIRRG is owned and controlled by Alabama hospitals and physicians. Because of their origin and ownership, they have a true appreciation of the insurance and risk management needs of the healthcare industry. In turn, they use this knowledge to provide insurance, risk control services and services that are responsive and anticipate their client’s needs. HWCF specializes in the healthcare industry in Alabama and is a Self-Insured Fund managed by CIRRG. Additionally, HWCF provides third party administration services for a fee. They have returned dividends to Alabama’s healthcare communities since 2003.

About Ravello Solutions

Headquartered in Atlanta, Georgia, Ravello Solutions is a premier provider of insurance technology solutions designed to help carriers, in the commercial lines property and casualty market and healthcare industry, streamline business processes by moving Policy Administration, Billing and Claims Management to the Web. Driven by a focus on research and development, our highly experienced team of engineers has produced industry-leading, proprietary insurance technology with numerous patents pending. Ravello does not off-shore or outsource any part of our implementation process. All data migration/conversion/integration/delivery is done in-house within North America.

For more information, please contact Stephanie Marino - Executive Vice President at 678-578-5405 or visit our website at www.ravellosolutions.com.