Transform Data into Insights with Risk Management Information Software
Total cost of risk (TCOR) is the ultimate indicator of an enterprise’s risk and insurance performance.
RiskConsole gives you a comprehensive, accurate picture of your organization’s TCOR
TCOR is invaluable when evaluating insurance spend, renewals and submissions, and producing internal benchmark reports. RiskConsole consolidates all elements of the enterprise’s TCOR, including claim, property/COPE, exposure, policy and other risk-related data from multiple external sources and internal systems. Along the way, the benefits add up for you and your team year over year.
Provides a consistent and structured way to capture, manage, store and share risk and insurance data insights across all your operations and from unrelated systems.
Enables you to performance-manage vendors and monitor cash flow and the financial impact for all your claims.
Confidence in your submissions
Present high-quality information in a clear and credible way to underwriters that differentiates your risk and helps you go-to-market with confidence.
Justify insurance programs
View and understand all your risk, exposures and coverage limits; justify your approaches to (and the costs of) risk transfer and retention, risk management and loss prevention.
Provides a complete audit trail to ensure regulatory compliance and best practices.
Ensures business units as well as the risk and insurance team comply with rigorous global standards for information security.
RiskConsole provides an unrivaled breadth of capabilities for you manage your daily risk management challenges. With ready-to-go packages that fulfill an organization’s typical needs, it’s easy to get the right solution.
As a modular system, it's easy to get started tackling key priorities right out of the box or RiskConsole can be tailored to your business requirements. And, as your business needs change, RiskConsole grows and adapts with you.
Take control of your claims and drive your premiums down. RiskConsole allows you to be in control of your claim situation with one central repository with reduced reporting costs and automatic consolidation from TPA/insurers. Optimize your process and gain analytic insights to operational and financial performance. Learn More >
Move to a proactive risk improvement program with best use of loss control budgets.RiskConsole enables improved survey program management through a central repository of survey results, including recommendations and temporary impairments. With monitoring and analytic insights to help your risk improvement decision making. Learn More >
Empowering the managing of risk across your enterprise. RiskConsole provides improved management of risk and alignment with your ERM framework, including identification, assessments, controls and actions. With easy consolidation, aggregation, linkage, and reporting on the risk landscape, progress and movements. All facilitating the maximum value from your ERM process. Learn More >
Increase the effectiveness of your EHS program with RiskConsole. Capture all types of incidents, near misses and observations. Investigate, identify root causes and take corrective action. Successfully target your loss control measures, drive best practice and compliance with local legislation (OSHA, RIDDOR). Integrate with audits and safety meetings. Learn More >
A centralized repository enables a stronger negotiating position for risk transfer. RiskConsole allows you to maintain a detailed register of all exposures/assets, including properties with their location, usage, values and COPE details. Understand the global profile of your risks and secure the best premium rates. Learn More >
Provide an efficient, transparent, compliant and risk aware process to help embed risk management. RiskConsole provides a robust framework to accurately allocate premiums, retained claim costs or other risk management costs. Provide objective and transparent models to justify to business units and for audit compliance. Learn More >
Monitor and proactively optimize your and external vendor performance. RiskConsole allows you to proactively manage against your objectives and key performance indicators (like TCOR) to help drive results and operational excellence. Integrate your RiskConsole information with additional business context information to allow the best decisions to be made. Learn More >
In the last 18 months, we’ve grown by leaps and bounds in our productivity and the value we’re delivering to this organization. Hyatt has an established culture of safety. Hotels have fully embraced the RiskConsole portal, because they can now proactively manage the financials related to certain types of claims.
JENNIFER PACK, CPA, ARM
Director of Risk Management
What’s made my life simpler is RiskConsole’s ability to aggregate data from various sources into one place. Data from our partners is automatically uploaded into RiskConsole and placed alongside the data from our internal team to give us the complete view of our claims book.
Systems and Data Manager in the Insurable Risk Team
Corporate culture encompasses brand values, employee attitudes, policies and standards. A company’s risk appetite makes up a huge part of this and the risk management strategy has to be embedded...Read more
In mid-2016, Redhand advisers undertook a survey of risk management professionals and, this week, published their findings in a white paper, “Aligning Technology with Risk Management...Read more
At this years' AIRMIC conference in Harrogate, we carried out a survey to determine the risk communities highest concern at the moment. Unsurprisingly, the impact of the Insurance Act came out on top...Read more