Riskonnect Risk and Claims Management Solutions Reviews & Product Details

Ventiv has more than 45 years of experience in the risk, insurance and underwriting technology business, we partner with more than 450 organizations around the world and our team of 400 professionals help to transform the way our clients manage their risk and insurance information. Ventiv’s IRM software provides a range of risk solutions to empower risk, insurance and safety managers to achieve their key business objectives while delivering operational excellence. Powerful, enterprise-wide data management and predictive analytics tools deliver the actionable insights necessary to make fully informed decisions for optimal business outcomes. Covering non-insurable and insurable solutions our range of packages and modules gives the total solution: + Enterprise Risk Management (Risks, controls and action/treatments) including SOX compliance with corporate governance policy & reviews + Loss reporting, Claim and Litigation management + Safety Management including incident reporting, investigations, root cause analysis, audits and assessments + Renewals and submissions + Property, Assets and exposures management + Cost/premium allocations and calculations + Insurance programs and policies, including certificates, insurer ratings, premium earnings and claim financial allocations + Risk engineering survey and recommendations + Audits and assessments + Total cost of risk, KRI and KPI monitoring IRM provides a comprehensive range of capabilities to allow the solution to be configured to match each client’s specific requirements, processes and workflow. + Flexible online intake forms via companion Digital product. Designed for the non-professional to make it easy for external/field users to notify, report, assess, request, approve, audit and attest from any device; + Full range of interfaces and data-conversion/ETL capabilities with IRM being a full REST-API based application and using Talend for API interfaces. This allows for the whole range of interfaces: real time, one-time historic and regularly scheduled including historic, transactional and attachment data for consolidation from multiple sources; + Business process and workflow management tools, including alerts and reminders to track progress; + Comprehensive and advanced set of reporting and analytic tools including: o Pixel perfect reports o Interactive dashboards o Predictive, Geospatial and Text analytics o Models and Monte Carlo simulation o Benchmark data + Range of administration and workbench tools to allow the management of the tools access and usage with full facilities to configure the solution. + A full range of international support, including multi-lingual and multi-currency, to allow global deployment and usage; and + US and European hosting centres with fully accountable technology infrastructure and SOC 1 plus ISO 27001 certifications. Ventiv’s solutions allow you to connect risk across silos. + Capture, consolidate, and integrate data to establish a central source of truth; + Discover trends and quantify risk with real-time analytics system; + Connect risk mitigation activities across the business; + Reduce your administrative burden with automated processes that drive best practices; Overall lower your Total Cost of Risk by 4-9% by reducing claim frequency and severity with data-driven decisions and clear connections between risks and business outcomes.