HAMILTON, Bermuda – Jan. 5, 2017 – Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced the launch of Argo Risk Tech. This custom-tailored technology enables restaurant, grocery and convenience store owners to reduce the frequency and severity of customer and employee accidents through the digital documentation of mission critical inspection processes. This technology has a proven track record of helping businesses significantly reduce the number of slip-and-fall accidents and associated claim costs.
Argo Risk Tech uses cutting-edge, sensor-based location beacons, which work with smartphone and tablet based applications, as well as cloud-based software, monitoring all safety aspects of a given premise. Argo risk management specialists, who are experts in retail safety, claims and employee injury prevention, assist clients in installation and training to ensure a seamless, turnkey experience. Argo Risk Tech solutions save compliance data, which Argo claims adjusters can use to defend claims, reducing overall business exposure to risk.
“Slip-and-fall accidents impact close to 25,000 people per day, costing companies over $30 billion per year – there is a tremendous opportunity to utilize the Internet of Things to prevent accidents and cover costs,” said Rooney Gleason, President of Argo Insurance, U.S. Retail. “From a spill in the front lobby to a rising temperature in the cold section, we’re helping our customers fix the issues before an incident occurs.”
Argo Risk Tech Solutions include:
- ART-iWalk: Find the risk with a customized premises inspection that uses electronic location markers and smartphones or tablets.
- ART-iReport: Report incidents and allow managers to efficiently document customer incidents.
- ART-iReportWC: Minimize paperwork by allowing managers to efficiently document an employee incident.
- ART-iTemp: Monitor temperature ranges by using state-of-the-art Bluetooth wireless communication.
- ART-iINSPECT: Streamline inspection reports on a digital platform that relies on single-point-of-data entry.
“Not only does Argo Risk Tech substantially lower risk, lessen claims costs and help maintain safe environments for customers and employees, it also allows businesses to increase sustainability,” Gleason added. “Because all monitoring and reporting takes place over smartphones and tablets, our clients see an average 10-15 page reduction of paper per day per location.”
Argo Risk Tech is now available for businesses throughout the United States as part of the turnkey risk, claims and insurance programs for insured clients. It also is a new approach for broker/agent partners to bring a true added-value approach to the reduction of total cost of risk to their clients. For more information, visit www.argorisktech.com or contact us at [email protected].
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ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s insurance subsidiaries are A. M. Best-rated ‘A’ (Excellent) (fourth highest rating out of 16 rating classifications) with a stable outlook, and Argo’s U.S. insurance subsidiaries are Standard and Poor’s-rated ‘A-‘ (Strong) with a stable outlook. More information on Argo Group and its subsidiaries is available at www.argolimited-stage.com.
