WHAT IS RISK SOLVED?
Designed by a team of insurance experts, Risk Solved is a global risk engineering and data solution that enables insurance organisations to produce consistent real-time risk data insights.
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With over 150 years of collective experience in the insurance and risk management industry, we have designed our solution with you and your client at the centre of our product development to give you:
Unparalled Insights
Increased Customer Engagement & Retention
Increased Data Collection Efficiency
Easy Integration
Low-Code / No Code Set-Up
For a detailed look at the Risk Solved software, please download our product brochure.
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UNRIVALLED INSIGHTS
Risk Solved provides unparalleled insights at portfolio level to inform risk selection and pricing to reduce loss ratios by a proven 20%.
Powerful automated analytics and reporting tools
Enabling you to easily benchmark your portfolio
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Dynamic data analytics tools
Delivering risk rating and profiling to monitor the impact of risk improvements
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IoT-based monitoring
Instantly detects and notifies you and your customer of risk enhancing activities.
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Configurable questionnaires and surveys
Customisable to each policy holder's industry.
Endless analytical options
Pre-defined and configurable dashboards and the ability to export into Microsoft Power BI allows for greater risk insights.
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KEY BENCHMARKING METRICS
“This will enhance the technical support we offer, as well as deliver key benchmarking metrics."
TIM HEINZE, SVP & CHIEF LOSS CONTROL OFFICER | AEGIS
INCREASED CUSTOMER ENGAGEMENT & RETENTION
Through customer-focused data capture tools, real-time risk improvements resulting in premium reductions, Risk Solved increases both customer engagement and retention.
Real-time surveys and dynamic scoring tools
Increasing the risk processing efficiency for your customer.
Industry-focused risk templates
Streamlines data collection for your client whilst providing underwriters with the exact information they need for risk selection and pricing.
Video survey capability
Allows your customer to remotely access specialist risk engineers. Find out more about our Remote Video Surveys.
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IoT-based monitoring
Provides immediate support to mitigate losses, protect policyholder safety, and reduce the time it takes to remedy a claim.
REAL-TIME RISK MANAGEMENT
"This platform will enable us to deliver to our members real-time risk management information via a secure customer portal and support us in being able to provide accurate, timely and benchmark data to our Members."
PAUL CUSITION, CEO | UMAL
INCREASED DATA COLLECTION EFFICIENCY
Risk Solved increases risk assessment efficiency and accuracy by up to 50%, whilst allowing surveyors to conduct 40% more surveys.
Available on iOS and Android devices
The Risk Solved Consultant Portal and Consultant apps substantially reduce the administrative burden and data collection time associated with surveys.
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Simple to use survey customisation tool
The user-friendly survey customisation tool increases data relevancy and accuracy during the survey.
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Remote Video Survey Capability
Desktop surveys can be supported by remote video inspections. this capability can reduce the number of site resurvey visits by between 50-70%. Find out more about our Remote Video Surveys.
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Centrally stored data Survey data
Reducing any inconsistencies or mistakes due to rekeying.
Integrations to external data services
Mapping, geo-spacial and Nat Cat can be integrated reducing the need for data collection by the surveyor.
VIDEO SURVEY CAPABILILTY
"We are continually improving and extending our risk management services to our customers and video inspections is a natural next step."
JO WHYMAN, RISK MANAGEMENT DIRECTOR | ECCLESIASTICAL
Find out more about our Remote Video Surveys.
EASY INTEGRATION
With an extensive library of API's and microservices, as well as IoT integration, Risk Solved integrates seamlessly into your existing business systems.
Seamless integration with core applications
Critical business applications such as underwriting, policy admin, claims, pricing systems, Workday, Teams, Outlook, Power BI, data warehouses and 3rd party pricing systems can be integrated with Risk Solved.
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Iot and IIoT machine learning
With support from partners, IoT and IIoT feeds provide additional machine learning capability.
Out-of-the-box Single Sign On (SSO) model
SAAS product suite offers SSO integration options via Okta and MS Active Directory for your internal and external systems.
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Integrated Calendars
Existing calendars can be integrated and updated to give a singular view of your work schedule.
SIMPLE LOW-CODE / NO CODE SET-UP
With a simple out of the box set-up, Risk Solved is a global risk management solution that has little impact on valuable IT resource.
Out of the box, low-code configuration
Open API architecture and in-software configurations ensures a rapid set-up and quick deployment.
In-portal configuration
Configuration within the portal allows user admins to create bespoke surveys and reports, manage user permissions, manage localisation settings and assign user roles.
Out-of-the-box SSO model
Transition between systems is seamless thanks to Risk Solved's SSO model.
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Developed for global use
Localisation, such as support for currency dates and measurements, as well as and translation capability, ensures Risk Solved can be used globally.
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OUT-OF-THE-BOX SET-UP
"What impressed us was the flexibility of the Risk Solved solution which we can configure to our specific business needs and integrate with other Group systems. Throughout the selection process, Risk Solved impressed us with their understanding of the insurance industry and how they can assist NFU Mutual to improve our processes, efficiency and understanding of our insured risks."
ANDY MANSON, MANAGING DIRECTOR | NFU MUTUAL RISK MANAGEMENT SERVICES LTD
Ready to increase your underwriting profitability?
Get in contact with one of our experts today and see how we can make a difference