RiskEnvision logo

RiskEnvision

by EbixRisk
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ActiveCloud
Quick facts
VendorEbixRisk
Year launchedN/A
StatusActive
LocationN/A
Countries servedN/A
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About RiskEnvision

RiskEnvision is a Risk Management Information System (RMIS) for organizations to administer claims, manage third-party administrators (TPAs), and gain visibility into their total cost of risk.

RiskEnvision is a cloud-based Risk Management Information System (RMIS) from EbixRisk, designed for organizations that directly administer claims, work with multiple TPAs, or require a comprehensive view of their total cost of risk (TCOR). The platform integrates claims management and risk analytics into a single system, avoiding the complexity of bolted-on tools. Key capabilities include centralized claims administration, TCOR analysis, exposure modeling, and configurable dashboards for stakeholders from risk managers to finance executives. An optional add-on, WebEnvision, provides a portal for field incident reporting that feeds directly into the claims process. The platform is designed to scale from single entities to complex, multi-TPA programs. Pricing is not publicly available and requires contacting a sales expert. Support options are also not detailed on the website, but contact information for sales is provided.

Pros & Cons

Pros
  • Provides a unified view of claims, TPA data, and total cost of risk, replacing the need for multiple portals.
  • Combines claims management and risk analytics in a single, connected system.
  • Scales to support complex multi-entity structures and multiple TPA relationships.
  • Offers configurable dashboards and reporting for different stakeholders, including risk managers and finance teams.
  • Features an optional incident reporting portal (WebEnvision) for streamlined data intake.
Cons
  • Pricing is not publicly available and requires a consultation with a sales expert.
  • The website does not provide details on customer support options, such as live chat, email, or a knowledge base.
  • No free trial or free tier is mentioned, making it difficult to evaluate without a sales demo.

Features

Key features

Claims Management

Centralizes administration for incidents, first reports, reserves, diaries, and payments.

Risk Analytics

Models total cost of risk (TCOR), analyzes exposures by entity and jurisdiction, and provides configurable dashboards.

TPA Integration

Normalizes data across multiple third-party administrator and carrier relationships into a single view.

Incident Reporting Portal

An add-on (WebEnvision) allows employees to submit structured incident reports which route directly into claims workflows.

Compliance & Reporting

Includes automated outputs for regulatory reporting, such as WC EDI filings and OSHA logs.

Additional features

Total Cost of Risk (TCOR) Analysis

Provides analysis and trending for claims, premiums, and retained losses.

Exposure Modeling

Allows modeling of risk exposure by entity, location, and line of coverage.

Configurable Dashboards

Users can build and schedule reports for various stakeholders like risk managers and CFOs.

Loss Driver Identification

Surfaces patterns, costs, and trends to identify key drivers of loss.

Workflow Automation

Triggers workflows for risk management, loss control, and safety management processes.

Vendor & COI Management

Part of the broader EbixRisk platform, it helps manage vendor risk and certificates of insurance.

Safety & OSHA Management

Automates OSHA record keeping from incident data.

Asset Risk Management

Provides tools to manage and analyze risk associated with company assets.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

—
Countries served
1
Interface languages
—
Billing currencies

Interface languages

English

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