Ventiv IRM logo

Ventiv IRM

by Ventiv Technology · Since 2007
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SoldAvailable globallyCloudOn-premise
Quick facts
VendorVentiv Technology
Year launched2007
StatusSold
LocationAtlanta, GA 30339, US
Countries servedGlobal
Languages9
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Ventiv IRM

Ventiv IRM by Ventiv Technology is an integrated risk management software designed to help organizations streamline their risk management processes.

Ventiv IRM, now part of Riskonnect, is a powerful and comprehensive solution designed to unify insurable risk, claims, and enterprise risk management into a single, cohesive platform. Following the acquisition of Ventiv Technology in 2024, the platform has evolved into a more integrated ecosystem that combines advanced analytics, claims administration, and governance tools to deliver a full-spectrum view of organizational risk. One of its strongest advantages lies in its ability to centralize data from multiple sources, allowing organizations to gain real-time visibility and make more informed, strategic decisions. The platform is particularly effective for large enterprises and regulated industries, offering capabilities such as predictive analytics, AI-driven insights, and robust reporting features that transform raw risk data into actionable intelligence. Additionally, its flexibility across deployment models, including SaaS and on-premise options, makes it adaptable to diverse operational needs. However, due to its depth and enterprise-grade functionality, implementation can be complex and may require significant onboarding and configuration efforts.

Pros & Cons

Pros
  • Customizable risk assessments and workflows tailored to individual company needs
  • Centralized repository for all risk-related information, providing easy access and visibility across the organization
  • Real-time monitoring and reporting capabilities for better decision-making and risk mitigation
  • Integration with other systems for seamless data sharing and analysis
  • Automated alerts and notifications for timely responses to potential risks
Cons
  • Implementation can be complex and time-intensive
  • Requires trained users to fully leverage advanced analytics features
  • Likely higher cost, making it less ideal for small businesses
  • May be overly robust for organizations with simple risk management needs

Features

Key features

Risk Management Information System (RMIS)

Central platform for capturing, managing, and analyzing risk and insurance data across the enterprise.

Advanced Analytics & Predictive Modeling

Uses AI, machine learning, and benchmarking tools to forecast risk trends and support decision-making.

Claims & Incident Management

Tracks incidents, claims, and losses while improving response and resolution workflows.

Policy & Billing Administration

Manages insurance policies, premiums, and billing processes within a unified system.

Integrated Risk Visibility

Combines insurable and operational risks into a single view for better enterprise-wide insights.

Additional features

Enterprise Risk Management (ERM)

Supports identification, assessment, and monitoring of risks across departments.

Governance, Risk & Compliance (GRC)

Manages compliance, controls, and regulatory requirements.

Claims Administration Suite

Includes tools like Claims Enterprise and Claims Premier for full lifecycle claims handling.

Data Analytics & Reporting

Provides dashboards, benchmarking, and geospatial analytics for deeper insights.

Workflow Automation

Streamlines risk processes with configurable workflows and low/no-code capabilities.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
9
Interface languages
10
Billing currencies

Interface languages

EnglishFrenchGermanSpanishPortugueseDutchItalianJapaneseChinese.

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇨🇳CNY🇮🇳INR🇷🇺RUB

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