Program Insurance Services

Shifting the Paradigm for Program Insurance

Founded in 1978, FARA (F.A. Richard & Associates) has grown into the most technologically advanced insurance services company in the industry. FARA Risk Control is a nationwide provider of risk control services and technology.

In addition, FARA has developed a niche in the program insurance industry, offering total program outsourcing. FARA.s proprietary system provides clients with "life of assignment" checkpoints to ensure unprecedented time service and quality.

As a leader in forward thinking and innovative concepts, FARA is shifting the paradigm for program insurance. Utilizing patent-pending Risk Intelligence Technology, FARA.s iAuditExpert (iAE) system combines artificial intelligence and best practices to ensure that YOUR program is being underwritten according to YOUR specific guidelines.

Program Underwriting Services

  • Loss Control & Underwriting Services
    • Nationwide Physical & Telephonic Loss Control
    • Continuing Safety Consultation
    • Application Verification

  • Information Technology Outsourcing
    • Licensing Agreements Available
    • Use with Internal Staff/Outside Vendors

  • "Call Center" Outsourcing
    • Trained Professional Staff
    • Best Practice Consultation for Policyholders

  • Recommendation Services
    • Optional Delivery & Follow-up Methods
    • Tracking & Compliance Review

Explore Your Program

  • Multi-Dimensional Data Mining
    FARA.s Risk Intelligence Technology will store and convert data into meaningful information via customized data mining. iAE allows you to view results of individual accounts or mine particular components of your entire book.

  • Artificial Intelligence
    iAuditExpert's advanced programming allows for surveys to recognize and react to responses. The artificial intelligence will generate additional questions related to exposures and suggest best practices.

  • Risk Profiling
    The multi-dimensional data mining and claims integration process allows the iAuditExpert user to strategically profile risks for future underwriting.

  • Validate Underwriting Guidelines
    FARA.s Risk Intelligence Technology provides an unsurpassed process to validate that underwriting guidelines are being followed. In addition to the system identifying risks that deviate from the guidelines, it will also pinpoint the specific areas of concern.

  • Instant Evaluation of the Underwriting Process
    FARA.s iAuditExpert system provides a continuous audit of the underwriting process. The system will identify the most common underwriting issues and recommendations.

Customized Reports

FARA.s unique data mining and artificial intelligence concepts allow for specific and customized reports. Reports can be delivered in a variety of electronic formats and scheduling options.

  • Program Reports
    • Underwriting Guideline Compliance
    • Recommendation Summaries
    • Reporting by Exception

  • Management Reports
    • Time Service
    • Vendor Management
    • User Reports

  • Risk Reports
    • Policyholder Specifics
    • Recommendation Tracking
    • Risk Evaluation

For more information about our Program Insurance Services and iAuditExpert, please contact us at (800) 242-6988, or via e-mail at solutions@fara.com.

A leader in forward thinking and innovative concepts, FARA is shifting the paradigm for the insurance industry.
 
FARA Risk Control Services


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