Insuranceciooutlook
Artificial Intelligence and Business Productivity

Top 10 Risk Management Solution Companies - 2021

From the Australian forest fires to the Taal volcano eruption in the Philippines to the COVID-19 pandemic that engulfed the world, 2020 has been a year filled with unprecedented challenges for businesses across all sectors. Without a doubt, last year has emphasized the need for efficient risk management strategies and significantly increased the demand for innovative risk management solutions and services that cater to the changing needs of businesses in a post-pandemic world.

While insurance and risk management do not guarantee a safe future, organizations can prepare for volatilities in the future, including climate change, technological disruption, geopolitical risk, threats to the global supply chain, and issues related to cyber-crime, data protection, and privacy. In addition, regulatory authorities around the globe are developing and expanding their scope, addressing matters such as data protection and privacy along with money laundering, financial crime, violations of sanctions, bribery, and corruption. This has forced most companies to connect risk management more closely to the business and front office management.

Emerging technologies such as machine learning and artificial intelligence have shown great promise in helping risk managers pinpoint specific risks and develop faster responses. While the adoption rates for technologies in risk management have increased in recent years, several companies fail to leverage the true potential of mature technologies like data analytics and modeling. These technologies can reduce the efforts in lower-risk areas and help managers focus their energies on actual threats to critical parts of the organization. The rising demand for risk management solutions and services has led to a significant rise in risk management services and solution providers. However, business leaders need to carefully weigh their options before identifying the right risk management partner.

In order to help CIOs steer through the ever-evolving legal regulations space and find the solution that best suits their needs, Insurance CIO Outlook has examined and selected the leading-edge risk management solution and services providers and shortlisted the organizations that are leading the charge in resolving the prime challenges in the risk management arena.

We present to you Insurance CIO Outlook’s “Top 10 Risk Management Solution Providers - 2021”

    Top Risk Management Solution Companies

  • CCMSI administers and offers services for workers’ compensation and property/casualty self-insurance programs

    www.ccmsi.com

  • Offers a product suite that offers ticket protection for live events

    www.protecht.io

  • Finserv AI

    Finserv AI

    FS.AI provides AI/ML solutions for intelligent automation and resilient operations to the financial services industry

  • LogicManager

    LogicManager

    LogicManager provides powerful risk management software with comprehensive solutions that supply organizations with focused and improved risk management processes

  • MetricStream

    MetricStream

    MetricStream is the global market leader of Integrated Risk Management and GRC solutions that empower organizations to thrive on risk by accelerating growth via risk-aware decisions

  • NAVEX Global

    NAVEX Global

    NAVEX Global is the worldwide leader in integrated risk and compliance management software and services

  • Origami Risk

    Origami Risk

    Origami Risk provides integrated SaaS solutions designed to help organizations transform their approach to managing critical workflows, leveraging analytics, and engaging with stakeholders

  • RMS

    RMS

    RMS is a trusted solutions partner, enabling effective risk management for better business decision-making across risk identification and selection, mitigation, underwriting, and portfolio management

  • ServiceNow

    ServiceNow

    The ServiceNow Risk Management application provides a centralized process to identify, assess, respond to, and continuously monitor Enterprise and IT risks that may negatively impact business operations

  • Thomson Reuters

    Thomson Reuters

    Thomson Reuters Risk Management provides a holistic approach to risk management, enabling teams to track various forms of risk across their organization