Optial announces further Insurance client for its OpRisk on Demand Solution, SmartStart
London, England: Optial announced today that it has implemented its SmartStart Op Risk On Demand solution at Dentists’ Provident for Incidents / Event Tracking, Risk and Compliance.
Dentists’ Provident has selected Optial’s fully automated and extensible SmartStart pre-configured system.
The client elected to host the solution on site and it was fully implemented quickly and efficiently, “out of the box”. The system has a broad functional scope that includes incident capture/management, risk registers, operational risk self-assessments, key risk indicators, and internal control monitoring.
The increased regulatory focus from the FSA, higher policy holders’ expectations and Solvency II on the
horizon are all pointing to the need for improved risk management. Optial provides a proven platform to support strong risk management and compliance with audit assurance, all integrated with the organisation’s business as usual processes, as required by regulation.
Farrukh Mirza, Chief Executive of Dentists’ Provident said, “Effective risk management takes centre stage
within our business model. We require absolute confidence in our operational risk management process and the Optial solution offers us an effective and flexible tool to do just that.”
“Optial SmartStart has been packaged and prepared for the Insurance industry to enable such rapid deployments with rich functionality available out of the box, yet delivering all of the flexibility required for future change. I am delighted to add Dentists Provident to our customer base” said Chris O’Brien, CEO of Optial.
About Dentists’ ProvidentDentists’ Provident is the leading provider of income protection to dentists in the United Kingdom and Ireland.As a specialist, we understand the complex income protection needs of dentists. We seek to provide our members and their families with complete peace of mind through fully flexible contracts backed by exceptional service.
Dentists’ Provident is a not-for-profit mutual organisation, which means we’re owned by and managed solely
for the benefit of our members and not for any outside shareholders. Today we serve almost 14,000 members and have total assets exceeding £165 million.