2022 RMIS REPORT
Technology plays a central role
in managing risk effectively in
this environment. Our research
indicates that 84% of organizations
are expected to increase spending
on risk management technology
in 2022 — by an average of 8%
increase year-over year.
RMIS have been the primary tool
in the risk management space
for decades. Over the years, we
have seen the scope of what is
considered RMIS functionality
grow as well. What started
primarily as claims management
tools have grown into much
broader enterprise risk solutions
that address areas such as
Environmental Health & Safety
(EH&S), and Governance, Risk and
Compliance (GRC), to name a few.
In recent years, we have seen a
significant increase in the number
of RiskTech solutions in the
marketplace. As InsurTech has
grown and disrupted the broader
insurance market over the past few
years, it was inevitable that a more
focused effort would be placed on
managing risk and supporting risk
professionals.
Our goal for the RMIS Report is
to identify solutions to assist risk
professionals in managing risk,
whether more traditional RMIS
solutions or broader RiskTech
offerings. We are excited to include
more RiskTech solutions in our
report every year.
Welcome to the 2022 RMIS Report.
The past few years have brought unprecedented change
in the way businesses operate and the risks they must
navigate in these uncertain times. We are also living in
a world where technology and innovation are increasing
more rapidly than ever..
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