Company Research Report: Riskonnect, Inc.
Company Overview
- Name: Riskonnect, Inc.
- Mission of the Company: Changing how the world perceives and manages risk.
- Founded: No specific information available.
- Founders: Riskonnect was started by individuals who foresaw the interconnectedness of risks and aimed to move away from siloed risk management practices.
- Key People:
- Jim Wetekamp, Chief Executive Officer
- Peter Vlerick, Chief Financial Officer
- Andrea Brody, Chief Marketing Officer
- Kathryn Carlson, Chief Product Officer
- John Casazza, Chief Information Security Officer and SVP, Technical Operations
- Adam Collins, President, CAMMS
- Kevin Crow, Chief Human Resources Officer
- Roger Dunkin, Chief Strategy Officer and Co-Founder
- Alan Friedman, Chief Professional Services Officer
- Fritz Hesse, Chief Technology Officer
- Mark Holt, SVP, Head of Sales – International
- John Ryan Shaw, Chief Customer Officer
- Eric Zoref, SVP, Head of Sales – Americas
- Headquarters: No specific location provided.
- Number of Employees: More than 800 risk management experts.
- Revenue: No information is available.
- Company Known For: Leading integrated risk management software solutions provider.
Products
General Overview
Riskonnect offers a wide range of integrated risk management software solutions aimed at providing organizations with powerful tools to manage risk across various facets, including compliance, claims, business continuity, and more.
Product Descriptions and Key Features
1. Risk Management Information System (RMIS)
- Description: Offers data, analytics, and insights to turn risk into a strategic advantage.
- Key Features:
- Certificate management
- Claims administration
- Incident management
- Insurance management
- Risk analytics and insights
2. Claims Management Software
- Description: Streamlines the claims process from intake to final settlement.
- Key Features:
- Claims regulatory compliance
- Data transformation services
- Workers’ compensation models
- Workflow management
3. Policy Administration Software
- Description: Manages the insurance policy lifecycle.
- Key Features:
- Omnichannel digital portal
- Premium audit
- Anomaly detection
- Reporting & analytics
4. Governance, Risk & Compliance (GRC) Software
- Description: Provides visibility to address uncertainty and achieve business objectives.
- Key Features:
- Policy management
- Internal audit
- Compliance
- Environmental, Social & Governance (ESG) integration
5. Enterprise Risk Management (ERM) Software
- Description: Helps understand the impact of risks across the organization.
- Key Features:
- Risk register
- Heat maps
- Risk analytics and insights
- Automated workflows
6. Third-Party Risk Management Software
- Description: Minimizes exposure to third-party risks.
- Key Features:
- Vendor risk profiles
- Risk analytics
- Risk rating
- Onboarding
7. Business Continuity & Resilience Software
- Description: Prepares for threats and minimizes operational disruptions.
- Key Features:
- Crisis management
- Threat intelligence
- Emergency notifications
- Business continuity management
8. Artificial Intelligence Solutions
- Description: Integrates AI to offer insights, automate actions, and drive decisions.
- Key Features:
- Predictive risk modeling
- Compliance monitoring
- Scenarios analysis
- Cybersecurity risk management
Recent Developments
- New Partnerships and Alliances:
- Partnered with Everbridge to enhance business continuity and critical event management by integrating emergency communications within their platform.
- Industry Recognition:
- Riskonnect has been recognized as a Great Place to Work and continuously acknowledged in leading industry reports.
- Technological Advancements:
- Integration of AI in GRC and other areas, expanding capabilities like predictive modeling and risk analytics.
- Research and Insights:
- Conducted a survey revealing 80% of organizations do not have dedicated plans for generative AI risks, signaling industry gaps in preparedness.
Conclusion
This report highlights Riskonnect as a leader in providing integrated risk management solutions. The company emphasizes the power of connections among risks and dedicates itself to transforming risk management practices globally. This commitment is backed by a suite of robust products designed to centralize, automate, and enhance risk management across industries.
