Risk management information system (RMIS)
Term · Insurance and risk management · MLC-T-INS-002973
A centralized software platform used to collect, manage, and analyze an organization's risk, claims, and insurance data. A risk management information system (RMIS) integrates information from sources like incident reports, policy documents, and claims adjusters to provide a unified view of the total cost of risk. These systems are used to track claim lifecycles, manage policy renewals, allocate costs, and generate reports for management and regulatory compliance.
| Identifier | MLC-T-INS-002973 |
|---|---|
| Field | Insurance and risk management |
| Abbreviation | RMIS |
Record as JSON
{
"id": "MLC-T-INS-002973",
"term": "Risk management information system (RMIS)",
"field": "Insurance and risk management",
"definition": "A centralized software platform used to collect, manage, and analyze an organization's risk, claims, and insurance data. A risk management information system (RMIS) integrates information from sources like incident reports, policy documents, and claims adjusters to provide a unified view of the total cost of risk. These systems are used to track claim lifecycles, manage policy renewals, allocate costs, and generate reports for management and regulatory compliance.",
"abbreviation": "RMIS",
"url": "https://mlchart.com/terminology/insurance/risk-management-information-system-rmis/"
}
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