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24/04/2006 GLOBAL INSURANCE TRACKING PARTNERSHIP
HONOLULU, HI, APRIL 24, 2006: Periculum Services Group (Portland, MI USA) and Protectus Pty. Ltd. (Sydney, Australia) announced their formal partnership and technology licensing agreement to make available comprehensive, professional insurance verification services worldwide. Organizations which are in need of professional insurance monitoring to reduce their risk exposure from uninsured or underinsured business partners, may now avail themselves of consistent and thorough services facilitated by the Periculum technology, regardless of location. Periculum Services Group possesses a proven, robust technology and business process platform that serves the risk management needs of firms across a broad spectrum of industries, both public and private, and including several Fortune 100 firms. The Periculum mission is to help its clients reduce risk exposures and support improved organizational decision-making. Periculum’s partnership with Protectus extends this capability to new parts of the world, ranging from Australia to the Far East to Europe and beyond. The partnership also provides for cooperative marketing and joint business process support efforts between Periculum and Protectus, affording wide-ranging and comprehensive services to clients, large and small, regional and multinational. “This partnership with Sydney-based Protectus is a marriage of like-minded risk management professional services organizations, that significantly expands the availability of proven risk management technologies and services throughout the world,” said David Brown, Periculum President. “But this relationship is more than just sharing current technology, business processes and marketing. This is a pooling of professional expertise and innovative thinking that will revolutionize the worldwide approach to business partner risk management through proactive, practical and useful solutions.” Protectus’ Principal, Andrew Rennie, reports that early feedback from organizations confirms his feeling that introducing the concept of externally tracking business partner insurance to the Asia/Pacific Region has been extraordinarily timely. The need to ensure business partner compliance is becoming recognized as an important risk management control, and Protectus is meeting this need with the help of Periculum technology. Rennie says, “The centralization of business partner insurance knowledge in a single Periculum database is seen as an effective tool for increasing the level of compliance. The interest in Australia for our system has been very encouraging, and it has seen the Sydney Olympic Park Authority come on as one of Protectus’ first clients.” Following the announcement, Andrew Rennie and Protectus Marketing Director Kate Senske joined the team at the Periculum booth on the exhibition floor at the 2006 RIMS Annual Conference in Honolulu. About Periculum Periculum Services Group is recognized as a premier provider of technology and professional services to obtain, validate and monitor insurance and related risk management information from vendors, contractors, tenants, franchisees and other business partners to reduce risk and improve decision-making capabilities for its clients. Periculum’s offices are in Portland, Michigan, USA. More information can be obtained by calling 517-647-1700 x203, or by visiting the company’s website at http://www.periculum.com . About Protectus Protectus Risk Management Services specializes in the tracking and verification of certificates of currency utilizing the Periculum technology. Protectus is located in Sydney Australia and a satellite office is being established in London. More information can be obtained by calling + 612 9439 9119 in Sydney or by visiting the company’s website at http://www.protectus.com.au . ###
Contact: Kerry Hilligus, Periculum
215 Kent Street
Contact: Andrew Rennie, Protectus
104/4 Clarke Street |
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