“Providing an accurate functionality assessment beyond a snapshot in time will become even more critical for vendor evaluations. “In alignment with the trends outlined in the report, Ventiv knows that companies are spending more time, money, and resources on digitally transforming their risk management programs,” said Myers. While the report has a distinct focus on RMIS, Ventiv is also a market leader in Claims Administration and Predictive Analytics.

Ventiv clients who participated in the survey reported a 10% YOY improvement overall across categories including: customer experience, implementation experience, system value, system satisfaction, ease of adoption, understanding of the customers’ needs, and effective usage. “They also offer what could be considered industry-leading analytics solutions through a suite of offerings from data discovery and exploration tools to more complex predictive modeling and data science tools.”Īs a result of Ventiv’s ongoing efforts to engage with its customers on important issues facing their customers’ businesses, Ventiv saw a more than 100% increase in year-over-year respondent participation. “Ventiv Technology continues to migrate clients from its legacy platforms to its current IRM and Claims products allowing clients to take advantage of their newest capabilities and technology,” the RMIS Report explains. These industry-leading AI/ML algorithms help clients predict outcomes, prioritize time and resources, and generate ROI in a way that remains unique to any other offerings. It includes Ventiv Predict, which enables users to obtain real-time insights from benchmarking and predictive modeling.

This transformation includes the recent migration of clients from its legacy RiskConsole solution to Ventiv IRM, the company’s forward-looking analytics functionality. Ventiv is advancing digital transformation across its client base, emphasizing emerging trends like automation, adoption, seamless integrations, and deriving measurable business value. These capabilities have a measurable impact on customer success across multiple categories, including claims management and administration, captive and risk pool administration, policy program management, and others.

Ventiv is unique among the other solutions featured in the report because of our embedded advanced analytics capabilities,” said Ned Myers, CRO of Ventiv. This report, which completes a comprehensive review of the risk management information systems (RMIS) industry and its vendors, provides significant third-party validation of Ventiv’s industry-pioneering solutions. Ventiv Technology, the leading provider of risk, insurance and underwriting solutions, today announces its inclusion as a leading vendor in the 2022 RMIS Report, published annually by Redhand Advisors. Leading RMIS Provider Receives Third-Party Validation of Solution from Risk Industry Experts

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