Procurement RAVS

Insurance Tracking & Verification - Overview

ISN’s Insurance Review and Verification Services (I-RAVS) is an industry leading provider of insurance verification and tracking service. Subject matter experts review vendor insurance certificates to ensure compliance with Owner Client insurance and risk management requirements. Compliance is tracked automatically and communicated to all parties involved.

• Reduces administrative costs, time and effort
• Helps minimize exposure to vendors with non-compliant insurance coverage
• Flexible, easily configurable requirements based on risk
• 24/7 real time status access through a secure web-based system
• Centralized repository of safety, insurance, quality and compliance data

I-RAVS Service Components

Limit and Expiration Date Verification
Verify proper coverage, limits and expiration dates

Additional Requirements Verification
Review and track Owner Client required endorsements, coverage extensions, specific wording, notices of cancellation and more

Insurer Financial Strength and Size
Evaluate insurers’ financial strength and size

Variance Handling
Customize requirements to align with contractual agreements

Electronic Archiving
Electronic archiving of actual certificate and verification results

Proactive Email Reminders / Customer Service
Proactive email reminders on upcoming expirations
Access to live Customer Service assistance

Useful Resources

United States Resources

ACORD
International Risk Management Institute
Insurance Journal
National Association of Insurance Commissioners (NAIC)
National Council of Compensation Insurance, Inc.
Risk and Insurance Management Society

Canadian Resources

Office of the Superintendent of Financial Institutions Canada
Insurance Bureau of Canada
Insurance-Canada
Risk and Insurance Management Society - Canada

Australian Resources

Insurance Council of Australia
Risk Management Institution of Australia (RMIA)
National Insurance Brokers Association (NIBA)

RAVS

Dag Yemenu
RAVS Director
(214) 303-4900 or
(800) 976-1303
Australian Free Call:
1800 350 581
Contact the Procurement RAVS Team

     Registration Request

     Agent/Broker FAQ

     Vendor FAQ

     Agent/Broker List

     IBAA Video (AB, Canada)

 

Vendor Spotlight

The addition of the Agent/Broker tool assists Pioneer Safety with meeting Owner Client requirements and saves time and resources.

Click to read more

Related RAVS Press Releases

ISNetworld Introduces Insurance Agent/Broker Submission Tool
(PDF)

ISN launches RAVS
(PDF)

Additional Procurement RAVS Verification Services

Workers Compensation Clearance Status Tracking
- Canada

Workers Compensation Premium Rate Review
- Australia
- Canada

Supplier Diversity Certification Review
- US