CNA and Near North Risk Technologies Announce Strategic Alliance, Form Envision Technology Solutions, LLC.New entity to develop and distribute risk management information systems to corporate and healthcare risk managers, brokers, agents, insurance companies and TPAs Near North Risk Technologies, a member of the Near North National Group, and CNA (Certified NetWare Administrator) See Novell certification. (NYSE NYSE See: New York Stock Exchange :CNA) today announced a joint venture and the formation of Envision Technology Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . This entity was formed in response to market demand for the Envision suite of products, which are designed to provide innovative technology solutions to insurance companies, brokers, agents and risk management professionals. "We are proud to be partnering with CNA, one of the world's premier insurance organizations," commented Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mike Segal. "It is a testament to the strides our organization has made since venturing into the software business only a few years ago." The partnership generates increased business opportunities for the Envision products by expanding distribution channels and accelerating investments in technological development and client services. "Until now, our sales efforts have focused almost entirely on corporations and healthcare organizations. This strategy has been successful; we currently have more than 200 clients across the nation," commented Eileen Oswald, national sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of Envision Technology Solutions. "This joint venture makes it possible to introduce our products to critical market segments that can benefit from our technology." CNA also benefits from the partnership. "CNA's decision to form a joint venture was based on our confidence in the existing Envision product line and the staff's expertise in development, conversion and client service," said David W. Wroe, CNA Technologies senior vice president and chief technology officer. "We are impressed with the extent to which the Envision products can simplify the management of risk, and believe they are ideal complements to our product and service line." About Envision Products Envision products offer desktop solutions that increase user efficiency and effectiveness in claims administration, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. monitoring, cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. and decision support. The Envision family of products includes: -- RiskEnvision(R), a fully integrated, Windows(R)-based system consisting of workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , general liability, property and automobile liability modules, assists with claim data management, incident tracking and trending, policy and litigation management and work flow management. -- HealthVision has the same features has RiskEnvision plus a professional liability module. -- WebEnvision is the web-enabled feature of RiskEnvision and HealthVision. -- CompVision is a related product that helps users track workers' compensation claims and includes a cost containment function. -- Modvision is a state-of-the-art experience modification calculator calculator or calculating machine, device for performing numerical computations; it may be mechanical, electromechanical, or electronic. The electronic computer is also a calculator but performs other functions as well. . About Envision Technology Solutions, LLC Envision Technology Solutions is a leading developer and distributor of risk management information systems for insurance companies, brokers, agents and risk management professionals. The company is based in Salt Lake City and has offices in Chicago, Nashville, Phoenix and Seattle. Internet: www.envision-ts.com. Telephone: 1.801.568.1818. About Near North National Group Near North National Group is a leading provider of insurance brokerage, risk management, technology and financial products and services to businesses, individuals and institutions around the world. The client base encompasses a diverse group of industries, including entertainment, healthcare, fine arts, real estate and construction. Near North is headquartered in Chicago and has offices in Dallas, Detroit, Houston, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Tampa, Washington, DC, and London. The company has over 600 employees. Internet: www.nnng.com. Telephone: 1.800.859.6719. About CNA CNA is one of the world's premier insurance organizations. With 1997 revenues of $17.0 billion, CNA ranks among the top 10 U.S. insurance groups and largest providers of commercial insurance and risk management services. Headquartered in Chicago, CNA is a leading multi-line insurer, serving individuals and businesses with a broad range of insurance products and insurance-related services. CNA products and services are marketed through multiple distribution channels, including independent agents, brokers, general agents and direct sales. Since 1897, CNA has built on a foundation of financial strength, stability and commitment to customers and business partners. CNA is the registered service mark and trade name of CNA Financial CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 foot tall red headquarters building there. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. Corporation. |
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