Ventiv Resource Library
Issue link: https://ventiv.uberflip.com/i/1463932
Unbundled Vendor Updates There has been a great deal of activity in the unbundled RMIS and Claims markets. Below are highlights of some of the significant activity. 16 ©2022 Redhand Advisors. All rights reserved. As we reported in last year's report, there was speculation that Riskonnect was for sale. In November 2022, TA Associates made a growth equity investment in Riskonnect taking on the lead investment role while Thoma Bravo, the former lead investor, continues to hold a significant equity investment in the company. Riskonnect seems to have accelerated its own acquisition strategy, completing two acquisitions in the past few months, to expand their footprint in the GRC space. The acquisitions include ICIX, a leading solution for ESG, CSR reporting and value chain governance, and Sword GRC, a UK-based software company that specializes in project and enterprise risk management solutions. We also note that Riskonnect continues to invest in ClearSight, the WC Claims Admin platform, which they acquired from Marsh in 2018. Origami Risk continues to enhance and build upon their single application SAAS platform. Over the past year we have observed enhancements to the core RMIS as well as significant enhancements in their GRC, EH&S and Healthcare offerings. 78% 69% 48% 42% 33% 28% 24% 23% 20% 20% 14% 13% 7% C U R R E N T U S A G E C U R R E N T U S A G E C L A I M S M G M T. C L A I M S A D M I N I S T R AT I O N I N C I D E N T E N T R Y / M G M T. INS. RENEWAL DATA COLLECTION P O L I C Y / P R O G R A M M G M T. E X P O S U R E / A S S E T M G M T. L E G A L / M AT T E R M G M T. E H & S B E N C H M A R K I N G G R C / E R M C A P T I V E / P O O L M G M T. U N D E R W R I T I N G H E A LT H C A R E R I S K M G M T. R M I S R E P O R T U S E R S U R V E Y R E S P O N S E S R M I S R E P O R T U S E R S U R V E Y R E S P O N S E S O R I G A M I R I S K ( 1 4 5 ) R I S K O N N E C T ( 1 3 0 ) V E N T I V T E C H N O L O G Y ( 1 2 6 ) P C I S C L A I M S V I S I O N ( 2 0 ) A P P T E C H N O L O G I E S ( 8 ) D X C T E C H N O L O G Y ( 7 ) I N S U R I T Y ( 6 ) R E C O R D A B L E S ( 3 ) E B I X R I S K E N V I S I O N ( 2 ) K L E A R . A I ( 2 ) ( # ) N U M B E R O F R E S P O N D E N T S I N PA R E N T H E S E S