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Comparison · Fire Protection Impairment Management

RiskTools.AI vs. Alternatives: built as a core feature, not an afterthought.

Companies seeking an online impairment management solution have four main choices: they can use a carrier-provided system (e.g. FM Global, Zurich, AIG, etc.), or they can use an independent platform like RiskTools.AI, Loss Control 360, or TÜV SÜD GRC.

Using a carrier-provided system comes with inherent limitations. They only report impairments to that one insurer, with no notifications to your broker, Risk Manager, or other subscribing insurers. Also, any change in carrier means that a new system must be adopted, with significant effort in communicating the change to front line staff and re-training, etc.

The comparison below shows how RiskTools.AI stacks up against the alternative independent providers available today: Loss Control 360 and TÜV SÜD GRC.

Feature-by-feature comparison

The comparison below maps all three platforms against the capabilities that matter for fire protection impairment management.

Fully supported Partial or workaround Not supported Not stated
Basic Functions

Input, update, and close impairments

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Automatic impairment classification

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Printable impairment tags with QR codes

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Email notifications of impairment changes

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Escalating overdue notices

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Reminder notices before impairments are due

RiskTools.AI
Loss Control 360
TÜV SÜD GRC
Capabilities for Large Enterprise Clients

Roles and permissions for staff at various levels

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Clients empowered to self-administer users

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Data export capability for offline analysis

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Manage permissions and notifications by location or business unit

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Multi-language support

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Live translations for impairment notices in other languages

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Filter email notices by impairment priority

RiskTools.AI
Loss Control 360
TÜV SÜD GRC
Good for Subscription Insurance Programs

Manage email list of different subscribing insurers

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Restrict or enable access for certain brokers or insurers

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Different notification profiles for different insurer roles, such as Account Engineer or Mailbox

RiskTools.AI
Loss Control 360
TÜV SÜD GRC
User Friendly

System setup and rollout included for each client

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Logos and branding for client and sponsor

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Mobile friendly

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Intuitive app with tooltip guidance

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Training videos provided

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Reference manual provided

RiskTools.AI
Loss Control 360
TÜV SÜD GRC
The Ultimate Differentiator

Provider committed to continuous improvement and receptive to feedback

RiskTools.AI
Loss Control 360
TÜV SÜD GRC

Advantages of RiskTools.AI

Ultimately, all three systems can report an impairment and notify at least one loss control provider. RiskTools.AI adds the details that surface important risk information. Only RiskTools.AI provides full support for complex subscription insurance programs with multiple carriers, allowing each to be configured with appropriate permissions, notifications, and access restrictions. Only RiskTools.AI allows clients to self-administer their users, eliminating the cumbersome support overhead of managing accounts and passwords while ensuring clients can report an impairment 24 hours a day, 365 days a year.

Client feedback validates that our solution works for staff in the field - the most important measure of success.

The bottom line

You need a modern, effective tool set to help manage your fire protection impairments. RiskTools.AI was built for that job from the ground up.

See a demo of RiskTools.AI.

We'll set up a mock of your company and walk through how filing an impairment works, as well as the reminders, escalations, and multi-insurer notification details that make RiskTools.AI the most effective solution.

Comparison reflects fire protection impairment management capabilities as assessed by RiskTools.AI. Loss Control 360 and Majesco are products or marks of Majesco. TÜV SÜD, Global Risk Consultants, GRC, and GRC Connect are products or marks of TÜV SÜD / Global Risk Consultants. RiskTools.AI is not affiliated with or endorsed by either company. Feature support for any platform can change over time. Confirm current capabilities directly with each vendor.