| Risk Management and Third Party Administration
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| Risk management is the activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of the risk using managerial resources. The strategies include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk. The objective of risk management is to reduce different risks related to a preselected domain to an accepted level. Third Party Administration is the process of delivering complete Claim Administration and proactive Loss Prevention Services to our member clients in the areas of workers' compensation, healthcare, general liability, and long-term disability. |
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| Incubator: Venturcorp Insurance Services and Administrative Solutions, Inc. () |
| Designed to be complimentary to our Human Resource outsourcing services within our BPO sector, Venturcorp Risk Management and Administrative Solutions, Inc. (VISAS) mitigates risk using the methodology of transferring risk to another party. VISAS utilizes a planning based approach to help clients plan and manage your financial future. We offer our clients a process to identify, qualify, and quantify their objectives, while uncovering both opportunities and barriers to those objectives. We then develop a comprehensive written plan, mitigating risks and capitalizing on opportunities. Our approach provides objective analysis, plan implementation, support and follow-up on a continuous basis to ensure we are meeting our clients' goals providing the best claims management services and solutions to both public and private entities.
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