News Releases

Thursday, September 22, 2005

JI receives PERI-Qualification

JI Companies, an Austin-based risk management and employee benefits company, recently became “PERI-qualified” by the Public Entity Risk Institute (PERI) Data Exchange Program. The PERI Data Exchange is a national database of public sector liability and workers' compensation claims that allows public entities to compare their loss performance and benchmark against the experiences of other jurisdictions.

As a third party administrator, JI plays a key role in the PERI Data Exchange program by electronically submitting claims data on behalf of their public entity and pool clients. This data is used to help public entities and pools improve their risk management programs, make better-informed policy decisions, and better control worker’s compensation and liability costs. The names of public entities and other organizations that participate in the Data Exchange are kept confidential.

“By serving as a PERI-qualified TPA, we look forward to providing interested parties with the necessary resources and metrics to enhance their workers’ comp and liability programs,” commented Greg Womack, Vice President and Program Executive for JI Companies. “The Data Exchange is an asset to successful program management.”

The Data Exchange will also contain public entity profile data, which will be used to group public entities into benchmarking peer groups. PERI has already received workers’ compensation data from more than 1,800 public entities. This represents more than 670,000 claims and over 8.8 billion dollars in losses.

About JI Companies
JI Companies (www.jicompanies.com) specialize in third party administration for all types of risk management programs: workers’ compensation, liability, and property coverage for property/casualty risks (insurance companies, single entities and association group programs); and health, dental, COBRA and Section 125 programs designed for employee benefits. JI managed care service capabilities provide employers and groups with programs that include direct relationships with local, regional and national hospital and physician networks.

About PERI
PERI (www.riskinstitute.org) serves public, private, and nonprofit organizations by connecting them with the knowledge, resources, and information that will help address risk management challenges. PERI is intent on being a catalyst in the risk management field and a vehicle for allocating greater resources to key needs in risk management.