American Re-Insurance Company Licenses DxCG RiskSmart.BOSTON -- DxCG(R), Inc., the leading provider of predictive modeling software for health care organizations, today announced that American Re HealthCare, a division of American Re-Insurance Company marketing and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. health care reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. solutions, has signed a multi-year agreement to license DxCG RiskSmart(TM). Terms of the agreement were not disclosed. American Re HealthCare will use DxCG RiskSmart in analyzing stop loss and reinsurance pricing. The decision to license RiskSmart follows up on American Re HealthCare's research results presented at the 2004 DxCG User Conference. "Using DxCG RiskSmart, we can refine our pricing methodologies and provide a broader range of services to our health plan clients," said Robert Bachler, vice president of American Re HealthCare. "Our studies have suggested that DxCG models have great potential for improving underwriting risk assessments and results." "American Re's work in applying DxCG models to reinsurance risk is groundbreaking," said Marilyn Schlein Kramer, president of DxCG, Inc. "This is a tremendous opportunity for DxCG and American Re in the Employer Stop Loss and Excess Reinsurance markets." DxCG RiskSmart combines DxCG's Diagnostic Cost Groups (DCG DCG - Definite Clause Grammar ) and RxGroups(R) models with business analytics to meet the specific business needs of the health care industry. Employers, providers, health plans/insurers, and government agencies across the U.S. and around the world are extensively using DxCG models to improve the management, financing and quality of health care. About American Re HealthCare American Re HealthCare provides a broad range of healthcare reinsurance solutions to reinsurance intermediaries, managing general underwriters, third party administrators and primary insurance carriers. It is a division of, and underwrites on behalf of, American Re-Insurance Company. American Re Corporation, a member of the Munich Re Munich Re AG, in German Münchener Rück AG (ISIN: DE0008430026), is the world's second largest reinsurance company with over 5,000 customers in 160 countries and has its headquarters in Munich, Germany. Group, is one of the leading providers of reinsurance in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Through its subsidiaries, it writes treaty and facultative facultative /fac·ul·ta·tive/ (fak´ul-ta?tiv) not obligatory; pertaining to the ability to adjust to particular circumstances or to assume a particular role. fac·ul·ta·tive adj. 1. reinsurance, insurance, and provides related services to insurance companies, other large businesses, government agencies, pools and other self-insurers. The Munich Re Group, whose business also includes primary insurance and asset management, has a preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae position in the global reinsurance industry. It is headed by Munich Reinsurance Company of Munich, Germany, and includes reinsurance subsidiaries, branches, service companies and liaison offices in more than 60 locations worldwide, serving insurers in more than 150 countries. About DxCG(R), Inc. DxCG, a unit of ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. , promotes fair and efficient health care by providing software solutions to more accurately plan, budget and evaluate health care management programs. DxCG has more than 175 clients, covering over 75 million lives in the U.S. and abroad. The company's Diagnostic Cost Group (DCG) and RxGroups(R) predictive models are used to negotiate health-based payments, identify opportunities for disease management, profile physicians and evaluate managed care programs. Recognized by leading independent researchers as the most proven models available, DxCG's methodologies are used by the federal government to set payment rates for Medicare. For more information, visit the company's web site at www.dxcg.com. About ISO ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services health services Managed care The benefits covered under a health contract , government and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . Professionals use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO's services help customers protect people, property and financial assets Financial assets Claims on real assets. . DxCG(R) and DxCG RxGroups(R) are registered trademarks and service marks of DxCG(R), Inc. DxCG RiskSmart(TM) is a trademark and service mark of DxCG(R), Inc. |
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