riskonnect company confidential · · embrace innovation while preparing for unknown risks · know...
TRANSCRIPT
Riskonnect Company Confidential
What do you want?The Field of Dreams…..
You WANT to serve as a performance enabler, not just a “check the box” function.
You WANT to add more value.
You WANT access to more information.
You WANT to break down silos and drive collaboration.
You WANT to integrate into the business.
You WANT to eliminate paper process and inefficiencies.
You WANT to determine an accurate upside value for risk—and encourage/advise an appropriate level of risk-taking.
You WANT to be more proactive, not reactive .
You WANT to meet board level expectation of risk exposure.
INSURANCE
ERM
INTERNAL AUDIT
REGULATORY /COMPLIANCE
VRM
Old way of managing risk cannot deliver what you WANT
PRIVACY RISK
Reputation Risk Litigation RiskFinancial Risk
Do you know the impact of a single risk on the rest of the organization?
· Embrace innovation while preparing for unknown risks· Know in real time, the impact ofrisk on all other risk across the extended enterprise· improve your approach in managing risk to meet the demands of evolving business environments· align your ERM framework with strategy to improve performance and more clearly inform decision-making?· clearly articulate the risks to achieve strategic goals and properly apply risk tolerance levels to determine risk-management priorities?· incorporate forward-looking insights and data analytics to determine trends and predictive indicators?
WHAT IF YOU COULD?
WHAT IF?
Incorporate forward-looking insights and data analytics to determine trends and predictive indicators
Know in real time, the impact of risk on all other risk across the extended enterprise
Improve your approach in managing risk to meet the demands of evolving business environments
Clearly articulate the risks to achieve strategic goals and properly apply risk tolerance levels to determine risk-management priorities
Integrated Risk ManagementERM
Enterprise Risk Management
AUDIT MGMT.
HEALTH CARE
HEALTH & SAFETYMGMT.
RMISRisk
Management Information
Systems
BCMBusiness Continuity
Management
COMPLIANCE & REGULATORY
MGMT.
VENDOR RISK
MGMT.
SOXSarbanes
Oxley
GlobalProvider of
Integrated Risk Management
Solutions
Managing risks across the extended enterprise, according to an appetite, in a consistent manner, can provide critical insights for decision making at every level, and ensure that scarce resources are applied in the most impactful areas.
Going beyond insights….. Enlightenment to see things never seen before
Patent-pending risk correlation technology sits at the core of the Riskonnect platform that integrates, connects, and correlates risk relationships to present a clear vision of risk impact and influence across the entire extended enterprise.
What’s New?
Riskonnect and Clearsight come together to deliver comprehensive Integrated Risk Management
SafetyClaims administration
Self-administrationWorker’s compensation
Physician’s underwritingRenewals
Policy erosionOCRGRC
Our Platform PromiseWe will continue to support and enhance the systems currently in use.
There will be NO mandate to migrate.
Customers will continue to enjoy the same or better service and support.
Access to expanded capabilities while enjoying the solution currently in use.
Platform integration strategy: integrate the strengths of each solution and ensure customer satisfaction and business continuity
RK UX is HERE!
Designed for ease of use at all levels and user adoption
I am tailoring the system based on my requirements
and loving the power I have.
20 customers already
enjoying the experience!
,,-- Client administrator
● Efficient navigation designed to guide the user through natural workflow
● Note components and file enhancements that provide users with one-click access to outstanding tasks
● Turbocharged list and report views that allow for easier data filtering and visualization
● Highly functional dashboards with components spanning both columns and rows
● User-focused workspaces that prioritize most important activities
● Template Based Question Builder● Preview Mode for Questions & Templates● Branded Headers & Footers● Comments, Attachments, Corrective Actions
Safety Audits & Non-Clinical Rounding
Vendor Risk ManagementOrganizations no longer single entities - they are interconnected networks of 3rd, 4th, & 5th parties.
11
Unable to meet Contractual Arrangements
Adverse Business Impact
Violations of Laws, Internal Policies or Regulations
Unable to Meet Contractual Arrangements
ReputationalNegative Public Opinion
StrategicAdverse Business Impact
ComplianceViolations of Laws, Internal Policies or Regulations
FinancialUnable to Meet Contractual Arrangements
ForeignCountry, Geopolitical, Culture, or Currency
Vendor Risk Management
Vendor Risk Mgt
Classification
Onboarding
Assessment
Issue Mgt
Monitoring
● Identification of key risks in supply chain
● Automated alerts if your vendors are potentially impacted
● Simplified vendor risk assessment process
● Early intervention when supply chain potentially interrupted
● Supply chain insurance support
Solution Roadmap Strategy
Digital enablement process, workflow decision automation, OCR, robotics to processes and interfaces
Digitization of risk management
Advanced analytics via machine learning and AI Analytics and Insights
Usability, user adoption, ease of use, anywhere on any deviceAccessibility
Integration with applications, data sources and services across the extended enterprise.
Extensibility
Collection, integration and synchronization of all risk data from all accessible sources.
Data transformation, data conversion, data processing, data enrichment, data aggregation
Single source of truth for all risk data
Data Services
SecurityControl-based technologies/ policies that adhere to regulatory compliance rules and protect information, data applications and infrastructure
ClearSight & Riskonnect Integration Roadmap• Customer Retention/Satisfaction• Cross-sell/account expansion• Leverage the power of each platform
Solution Strategy
Portal/communities merged for single sign on & common user experience
GRC Suite available to RMIS customers
RMIS solution merged
Rationalize analytics platform
Data services as single solution available to all customers
Integrated Analytics Modules
Integrated Data Services Solution
CS RMIS RK RMIS
Integrated GRC
Integrated Portal / Community Offering
Roadmap
Text HereDownload this awesome diagram.
ClearSight Integration
● Portal merge● GRC Integration● Look & feel alignment● Combined
analytics/visibility● Questionnaire/Safety Audits & Non
Clinical Rounding
● RK User ExperienceQ4
Midterm
Longterm
RK User Experience
ClearSight Integration
● UX integration● Administration consolidation● Combined data services