CS STARS Receives 2012 Business Insurance® Innovation Award

NEW YORK--(BUSINESS WIRE)-- CS STARS LLC, a recognized leader in claims and risk management information systems (RMIS) and a business unit of Marsh Inc., announced this week that Business Insurance^® has named it a 2012 Innovation Award winner in its annual competition.

CS STARS received the award for Risk Response™, a fully integrated product on its award-winning STARS™ Enterprise risk management information system (RMIS) platform. Launched in 2011, Risk Response™ monitors all information on U.S. weather events derived from the National Oceanic and Atmospheric Administration (NOAA) and information on earthquakes from the U.S. Geological Survey (USGS).

On behalf of clients, it automatically determines which events may have an impact on the organization based on client-specific criteria. When an event is detected that meets certain criteria—as determined by the company’s risk manager—Risk Response™ notifies risk management stakeholders, generates and assigns an appropriate risk assessment audit which is used to collect on-site data so that it can be integrated back into the system.

“Many organizations are concerned about the impact that natural hazards can have on their business, but are challenged by a lack of resources to monitor news stories efficiently and immediately determine their relevance to the organization,” said Bill Diaz, President of CS STARS. “CS STARS’ Risk Response™ allows a risk manager to automate that process, improving the effectiveness of risk identification and mitigation efforts. We’re proud to be recognized with this Innovation Award, which reflects the commitment of CS STARS to delivering effective and inventive risk management solutions to our clients.”

In its third year, the Business Insurance^® Innovation Awards recognize leadership, inventiveness, and ingenuity in products and services designed for professional risk managers. An independent panel of judges, comprising active risk management professionals, judged the entries on the basis of originality, relevance to risk managers, effectiveness, presentation, and results achieved.

About CS STARS LLC

CS STARS LLC, a business unit of Marsh, serves the technology needs of risk managers and claims professionals, delivering integrated software and services for risk, claims, and compliance management. CS STARS' primary software platform, STARS Enterprise, supports comprehensive risk management (RMIS), claims administration, enterprise risk management (ERM) and compliance and safety management. CS STARS has approximately 500 employees worldwide and serves more than 1,000 clients. Its software and services help clients improve claims operations, manage costs and reduce enterprise risk. CS STARS Web site is www.csstars.com.

Follow us on LinkedIn: http://www.linkedin.com/company/cs-stars

About Marsh

Marsh, a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 25,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 52,000 employees worldwide and annual revenue exceeding $10 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in human resource consulting and related services; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc.

CS STARS LLCGabrielle Vetrone, (650) 728-7218
[email protected]

Source: CS STARS LLC