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Risk management information system firm Origami Risk L.L.C. said Wednesday it has acquired workers compensation service provider Claimwire L.LC.
The terms of the deal were not disclosed.
Farmington, Utah-based Claimwire is a national provider of automated workers comp forms, compliance resources and regulatory information to the insurance industry. The company has an online library of more than 5,000 state workers comp claim forms and an online portal that provides information on laws and regulations related to workers comp and federal workplace injury benefit programs.
Claimwire will operate independently as a wholly-owned subsidiary of Origami Risk, according to a statement from Chicago-based Origami Risk. Claimwire will maintain all its services and employees, while Claimwire CEO Steve Schmutz will remain in his current role, according to the statement.
Origami Risk has more than 100 employees and more than 250 clients, including third-party administrators, insurers and brokers. Claimwire has just under 20 employees and serves about 50 clients, Mr. Schmutz told Business Insurance Thursday.
“We have been excited about this because it matches up with the core tenets of Origami's entire business strategy," Origami Risk Executive Director Aaron Shapiro said in an interview Thursday. "We endeavor to be a collaborative environment for organizations in every part of the insurance continuum."
NEW YORK—Risk management information system provider Origami Risk L.L.C. has partnered with Advisen Ltd. to give risk managers and other insurance buyers the ability to benchmark insurance programs.