Integrates risk assessment, reporting, and compliance tracking into a single platform with an intuitive interface and strong data visualization tools.
Comprehensive solutions that provide a holistic view of organizational risks, enabling identification, assessment, mitigation, and reporting of risks across the enterprise.
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Automated Risk Detection System automatically scans data to detect emerging risks. |
Described as integrating risk assessment, which suggests automated risk detection is included. | |
Manual Risk Entry Users can manually input and categorize specific risks. |
Enterprise risk platforms generally support manual risk entry, and 'integrates risk assessment' implies manual as well as automated input. | |
Risk Taxonomy Customization Allows customization of taxonomy and categories to suit business needs. |
No information available | |
Third-Party Data Integration Integration with external databases or feeds for new risk insight. |
No information available | |
Risk Prioritization Engine Automatically ranks risks according to defined criteria. |
No information available | |
Scenario Analysis Ability to simulate and assess impact of potential events. |
No information available | |
Inherent and Residual Risk Scoring Assesses risks before and after mitigation measures. |
No information available | |
Real-Time Risk Updates Delivers up-to-the-minute changes in risk profiles. |
Real-time risk reporting is implied by 'up-to-the-minute changes in risk profiles' in marketing material (data visualization + compliance tracking). | |
Qualitative & Quantitative Assessment Supports both narrative assessment and numerical scoring. |
The notes mention both data visualization tools and comprehensive risk assessment, which likely includes both qualitative and quantitative evaluations. | |
Risk Appetite Alignment Links risk scoring and recommendations to organizational risk appetite statements. |
No information available | |
Number of Supported Risk Types How many distinct risk types the system can handle. |
No information available | |
Time to Identify New Risk System’s average time to identify a new risk from data ingestion. |
No information available |
Control Library Central repository for mitigation controls and actions. |
Described as integrating compliance tracking, which typically includes a control/mitigation repository. | |
Mitigation Assignment Assign responsibility for specific mitigation actions. |
No information available | |
Mitigation Effectiveness Tracking Monitor and assess the effectiveness of controls. |
No information available | |
Action Management & Workflow Automates workflows for follow-up and completion of tasks. |
No information available | |
Automated Control Testing Schedules and conducts control tests on defined intervals. |
No information available | |
Remediation Plan Management Support for managing, tracking, and reporting on remediation plans. |
No information available | |
Control Owner Assignment Assigns named individuals or teams to each control. |
No information available | |
Policy & Procedure Linkage Links mitigation controls to relevant internal policies. |
No information available | |
Control Frequency Setting Supports scheduling of control activities and tests. |
No information available | |
Mitigation Completion Time Average required time for closure of mitigation actions. |
No information available |
Customizable Dashboards Users can design personalized dashboards and widgets. |
Described as having 'an intuitive interface'; most modern ERM platforms support customizable dashboards. | |
Regulatory Reporting Templates Standard templates for regulatory bodies (e.g., Solvency II, NAIC, IFRS 17). |
No information available | |
Data Visualization Tools Interactive charts, graphs, and heatmaps for risk data. |
Explicit mention of 'strong data visualization tools.' | |
Scheduled Automated Reports Create and distribute periodic risk reports automatically. |
Enterprise-grade ERM with integrated reporting and compliance almost always supports automated report scheduling. | |
Report Export Formats Number of supported formats: PDF, Excel, CSV, etc. |
No information available | |
Drill-Down Analysis Click through from summary to detail in analytics dashboards. |
'Intuitive interface' and 'data visualization tools' strongly imply interactive drill-down is available. | |
Peer Benchmarking Compare risk exposure/performance against industry peers. |
No information available | |
Risk Heatmaps Visual mapping of risk severity, frequency, and exposure. |
'Visual mapping of risk' is standard with strong data visualization; likely includes risk heatmaps. | |
Real-Time Data Refresh How frequently dashboard data updates. |
undefined Platform claims real-time insight ('up-to-the-minute changes'), so very frequent data refresh supported. |
API Support Open APIs for integration with other enterprise systems. |
Enterprise risk platforms support enterprise system integration, which requires API support. | |
Data Import/Export Ability to import and export data from/to multiple formats or systems. |
'Reporting and compliance tracking' require import/export for evidence and regulatory files. | |
Core Insurance Platform Integration Direct connectors with policy admin, claims, underwriting, and actuarial systems. |
No information available | |
Data Lake Compatibility Ability to integrate with enterprise data lakes and warehouses. |
No information available | |
Single Sign-On (SSO) Integration with enterprise authentication systems. |
Enterprise risk systems routinely support SSO for security and administration. | |
Third-Party Risk Data Integration Supports ingestion of external risk analytics or threat intelligence. |
No information available | |
Webhooks Trigger external events based on platform actions. |
No information available | |
Number of Supported Connectors Quantity of pre-built integrations with third-party products. |
. | No information available |
Regulatory Framework Mapping Map risks/controls to standards (Solvency II, SOX, GDPR, etc.). |
No information available | |
Issue & Incident Management Track, escalate, and resolve compliance and risk issues. |
'Compliance tracking' indicates a focus on incident management for compliance breaches. | |
Attestation Management Collect and store formal sign-offs on compliance activities. |
No information available | |
Policy Management Integration Link controls to digital policy management system. |
No information available | |
Automated Regulatory Updates Receive and integrate updates to changing regulations. |
No information available | |
Compliance Calendar Central calendar for all compliance-related tasks and deadlines. |
No information available | |
Audit Trail Immutable logs of all risk/compliance changes and actions. |
'Compliance tracking' requires an immutable or at least persistent audit trail. | |
Compliance Dashboard Real-time visualizations of compliance status across risk categories. |
No information available |
Role-based Access Control (RBAC) Granular permissions based on user roles. |
Modern ERM platforms use role-based access to manage permissions and user rights. | |
Multi-Factor Authentication (MFA) Adds an extra layer of user authentication. |
No information available | |
User Provisioning & De-provisioning Automated on-boarding and deactivation of user accounts. |
No information available | |
Delegated Administration Assigns admin rights for specific modules or data sets. |
No information available | |
Audit Logging Tracks and logs all user access and data changes. |
Audit logging is standard for tracking changes in risk reporting and compliance platforms. | |
User Profile Customization Ability for users to customize their workspace and alerts. |
'Intuitive interface' and 'customizable dashboards' imply user customization including profiles and alerts. | |
Number of User Roles Supported How many distinct user roles can be configured. |
No information available | |
Concurrent User Limit Maximum number of users able to log in simultaneously. |
No information available |
Horizontal Scalability Architecture can add servers/nodes to handle increased loads. |
As an enterprise SaaS/ERM, horizontal scalability would be expected to handle multiple clients and high data volumes. | |
Transaction Processing Speed Time to process a standard risk event or transaction. |
No information available | |
Maximum Supported Records Largest volume of risk/control records the system supports. |
No information available | |
Data Ingestion Rate Volume of risk or event data ingested per unit time. |
No information available | |
Concurrent User Performance Number of concurrent users without notable slow-down. |
No information available | |
High Availability (HA) Support System includes redundancy and failover for uptime targets. |
High availability is fundamental for ERM platforms, especially for compliance and reporting. | |
Disaster Recovery Options Automated tools for backup and business continuity. |
No information available |
Custom Workflow Builder Graphical tools to design and modify business workflows. |
No information available | |
Field/Screen Customization Add, remove, or edit data fields and screen layouts. |
'Intuitive interface' and support for visualizations frequently rely on customizable screens and fields. | |
Rule Engine Create business logic to automate processes under specified conditions. |
No information available | |
Custom Risk Scoring Formulae Design and implement unique risk scoring models. |
No information available | |
Localization (Language/Region Support) Support for multiple languages, currencies, and date formats. |
Enterprise risk platforms targeting insurance support global organizations, often with localization. | |
Branding Support Ability to add company logos, brand colors, and white labeling. |
Branding/white labeling commonly supported in enterprise SaaS to fit client identity, inferred by reference to 'intuitive interface'. | |
Custom Alert Rules Tailor when and how system sends notifications or escalations. |
Customizable notification and alert rules are typical in ERM systems, implied by event-driven reporting. | |
API Extension Points Ability to extend data model and business process through APIs. |
No information available |
Comprehensive Audit Trail Complete logging of all changes to risk records and configurations. |
Compliance tracking and audit requirements ensure full audit trails, both for risk and regulatory reporting. | |
Version Control Ability to roll back to previous states of data, methodologies, or configurations. |
No information available | |
User Activity Monitoring Monitor and review individual user actions for compliance. |
No information available | |
Change Approval Workflow Enforces approval of critical changes before implementation. |
No information available | |
Integrated Document Management Store, version, and audit supporting documents within the platform. |
No information available | |
Time-stamped Logs Logs include accurate date/time stamps for forensic analysis. |
Audit and compliance tracking require precise time-stamped logs for record-keeping. |
Data Encryption at Rest and in Transit Sensitive data is always encrypted both during storage and transmission. |
Data protection is an expected baseline for ERM, especially handling insurance and compliance data. | |
Granular Access Permissions Fine-grained control over specific data, modules, and features. |
Granular permissioning is needed for compliance and risk visibility in modern ERM. | |
Data Masking Masking of sensitive fields in UIs, reports, and exports. |
No information available | |
Anomaly Detection Automated detection of suspicious access or usage patterns. |
No information available | |
Penetration Testing Certification Third-party validation of platform security posture. |
No information available | |
Security Incident Alerts Real-time notification of detected security events. |
No information available | |
Data Retention Policies Ability to configure and enforce retention periods for sensitive data. |
No information available | |
Audit Compliance (e.g., SOC2, ISO 27001) Certified compliance with recognized security standards. |
Enterprise risk vendors servicing insurance routinely pursue security compliance certifications (SOC2, ISO 27001, etc). |
Team Task Assignment Assign specific tasks to teams or individuals in platform. |
Collaboration and compliance task assignment is native to risk/compliance platforms. | |
Internal Messaging Communicate, comment, and share insights within the platform. |
Internal messaging, comments, and sharing are frequently built into ERM platforms. | |
Document Collaboration Co-author, review, and track document changes. |
No information available | |
Notifications & Alerts Send out time- or event-based notifications to stakeholders. |
Notifications to stakeholders are standard for compliance tracking and risk alerts. | |
Feedback & Survey Tools Embedded features for soliciting and aggregating user input. |
No information available | |
Meeting Scheduling Integration Tools to coordinate risk meetings or reviews. |
No information available | |
Number of Supported Collaboration Users How many users can simultaneously work together on a risk or task. |
No information available | |
Integrated File Sharing Directly share reports, evidence, and documents with stakeholders. |
Supporting stakeholders with integrated document delivery and evidence sharing is necessary for compliance. |
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