Technology Assigned Risk


All insurance companies rely on computer technology for the processing of claims and managing client information. However, the stakes are raised when clients are pooled together into larger networks. This factor presents technological challenges related to assigned risk plans.


  • Assigned risk is a term typically applied to the insurance industry in relation to an assigned risk pool. This pool is a collection of companies or individuals that could not obtain insurance (often medical or auto) through regular market access, and instead, goes into an agreement with a provider(s) to obtain that insurance at an elevated premium. Costs are then distributed among all parties using the pool.


  • Because the insurance provider(s) take on large accounts that must have their risks streamlined, they implement technology that is fast, effective and comprehensive. This includes, but is not limited to ,computer programs that can perform data collection, figure processing, claims location and user interface functions.


  • Since insurance information is confidential, especially when medically related, security technology is of the utmost importance. Proper firewall installation and maintenance, user access and denial systems as well as proper reporting of security breaches are necessary elements of the technological side of assigned risk insurance practice. Security breaches may be required to be reported by state or federal law.

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