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Insurance CIO Outlook

STOPit
Mitigating Behavior Based Liability Claims

Neil Hooper, Chief Revenue Officer, STOPitNeil Hooper, Chief Revenue Officer
Be it K12, higher education or the workplace, the seriousness and extensiveness of behavior-based claims in the form of harassment, intimidation, fraud and abuse are increasingly common causes of preventable liability issues. For youth, bullying is leading to suicidal ideation to the point that suicide is now the second-leading cause of death among teenagers. As we have seen across the recent news cycles, when it comes to intimidating behavior, victims and witnesses are afraid to voice out their problems through fear of retribution. Even with this mounting evidence of liability exposure, most education and workplace institutions tend to take a reactive approach to these problems rather than a proactive approach to mitigate the activity and increasingly expensive exposure to risk. In an effort to transform this scenario, STOPit has invested in extensive research to design a user-friendly mobile application, allowing individuals to easily and anonymously report events to their administration and create a climate that prevents inappropriate behavior. “As a risk mitigation company, our goal is to both reduce the number of incidents and deter them from ever happening. This reduces claims and benefits everyone—the end users, their organizations and the insurance companies,” says Neil Hooper, Chief Revenue Officer at STOPit Solutions.

With a user friendly mobile app connected to the STOPit platform, individuals are empowered to instantly and anonymously connect with those who can resolve issues. The app also equips administrators with a powerful system which supports anonymous two-way communication with incident reporters, as well as a host of tools designed to save time and help conduct an effective and efficient investigation. Incident reports are tagged based on carious defining parameters and tracked nationally. “We now have the largest database of behavior based reports being recorded in various locations across the country,” says Hooper.


As a risk mitigation company, our goal is to both reduce the number of incidents and deter them from ever happening


STOPit’s mobile app captures valuable metadata by type, account type and other criteria to help predict if it may lead to a claim. This enables insurance partners to know when and where to deploy helpful resources for the insured members experiencing problems.

From a restorative perspective, the company also provides APIs to allow clients to integrate with other back end systems like enterprise resource management and restorative technique models. Operationally, the app informs the insured member with intelligent alerts to notify regarding a repeated action, individuals or locations being identified numerous times, and other detailed information. “With STOPit, the insured can address inappropriate behaviors early on, before they lead to a claim or litigation,” he adds.

STOPit has been instrumental in identifying and putting an end to numerous cases of harassment, bullying and vandalism in schools and workplaces. This has opened up new avenues of areas such as law enforcement for the company where they empower citizens to speak up about bad behavior happening anywhere in their community. Recently, Somerset County in NJ has deployed the app for law enforcement across the county where users can have a real time, two way anonymous chat with officers for incidents like violence, threats and weapons. The information is then investigated by the appropriate departments. Additionally, law enforcement agencies can use the app to send out alerts or requests for information from the citizens.

STOPit is set to expand the features of its mobile app for both the users as well as administrators. The company is also focusing on internationalization of the solution by expanding into global markets while meeting their security and privacy needs. To cater to the needs of insurance companies, STOPit is planning to deliver analytical dashboards to help them analyze reporting and trending information easily.

Top 10 Mobile Applications and Technology Solution Companies - 2017

Company
STOPit

Management
Neil Hooper, Chief Revenue Officer

Description
STOPit is a simple, fast and powerful solution to report inappropriate behaviors, deter unethical or illegal activity, and mitigate financial and reputational risks to schools and corporations

STOPit News

STOPit Solutions Acquires PunchAlert to Expand Emergency Communications Capabilities

Powerful Emergency Management System Helps Schools and Communities Enhance Communications During a Crisis
HOLMDEL - STOPit Solutions, announced that it has acquired PunchAlert, an all-in-one safety communication platform, to add to its suite of emergency management solutions. PunchAlert's underlying technology enhances the way schools send announcements and receive tips via mobile and browser-based products. As part of the acquisition, PunchAlert CEO Greg Artzt joins STOPit Solutions as its Chief Product Officer.
Fueled by an increasingly complex threat landscape and need for fast and reliable communications during emergencies, the Emergency Mass Notification Services market is expected to grow to $163.6 billion by 2027 - Source: Markets and Markets. The integration of PunchAlert's mass-notification technology into STOPit's 911-Direct Panic Alert System extends the company's market leadership position in school safety and accelerates its ability to capture this projected growth in demand. Through this acquisition, STOPit Solutions is uniquely positioned to be the single provider of safety and wellness solutions to schools and communities of all sizes.
"Safety concerns are growing, and technology is changing at unprecedented speeds. Customers rely on us to innovate through solutions that continue to raise industry standards. Our technology allows our clientele to manage, resolve, and document during active situations, while also requesting help from colleagues and/or 911, saving valuable time and lives," said Parkhill Mays, CEO, and co-Founder of STOPit Solutions. "We are excited to add Greg as our Chief Product Officer to focus on the integration of this cutting-edge technology and help us mature our industry-leading solution. Greg's experience and vision will accelerate our ability to develop products that meet the ever-changing technology needs of our customers."
"I'm honored to join this exceptional team at STOPit Solutions in a product leadership role to collaborate alongside colleagues who share the mission and values of PunchAlert. With our combined offerings, we are now able to deliver an unparalleled suite of robust, safety-oriented software solutions," said Greg Artzt, PunchAlert CEO. "Additionally, STOPit's 24/7 customer support and Incident Response Center opens an array of new possibilities for us to provide even greater life-saving enhancements and value for our customers. I look forward to working with this talented team to help our customers safeguard and unite their communities when they need it most."
When help is needed, whether life-threatening or not, STOPit's 911-Direct Panic Alert System allows assigned users to instantly request assistance from colleagues and/or 911 with a simple push of a button, significantly improving internal and emergency response times. The emergency or assistance request is instantly and simultaneously sent with situation details, location, and need. These reported facts facilitate appropriate protocol selection and better action by responding resources.