Ventiv Technology’s Territory Vice President for the Nordics, Frank Bruhn, and Head of EMEA Sales, David Thomas, had the opportunity to share with members of the Danish Risk Management Association (DARIM) how market-leading information technology can lift corporate risk management to a new level.
The Ventiv Difference
With 45 years' of experience, Ventiv understands the challenges of risk and insurance managers worldwide. Long-term partnerships with companies across all industries are living proof of that. With almost 400,000 individual users, Ventiv sets the right priorities and delivers solutions that work.
In his compact presentation, Bruhn highlighted some important points that set Ventiv apart:
- Ventiv follows an open architecture approach to build customized solutions that meet customers’ needs to the point.
- Ventiv incorporates analytic tools in all implemented solutions to produce maximum actionable insights.
- Finally, Ventiv hosts all implementations in a private cloud to meet and exceed all data protection regulations, and to eliminate additional data processors.
Picture a comprehensive, fully customizable, and configurable platform that truly understands your specific risk challenges, organization objectives, and work processes. Picture a platform that allows you to know everything there is to know about your company’s risks. What you see is the Ventiv Difference.
The Solutions
Thomas followed with a live demo of Ventiv’s Integrated Risk Management (IRM) platform. Three common use case examples were demonstrated to give proof of the platform’s versatility and effectiveness.
Digitalized Data Capture
As it stands, spreadsheets are still the most commonly used format to collect renewal data. Every spreadsheet user is painfully aware of the negative implications: Is this still the most recent version? Who changed the values, and when? Has something gone wrong when I manually merged several spreadsheets into one? How can I visualize this mountain of data? The list goes on.
Ventiv helps customers replace spreadsheets with more advanced technology. Ventiv Digital is a tool lots of risk and insurance managers have been waiting for. It speeds up processes including streamlining data intake and shortening response times, while also ensuring the requested data is complete and accurately submitted.
As a risk and insurance manager, you send out a link to your relevant colleagues so they can open a digital questionnaire on their PC, tablet, or smartphone. What they find is a list of questions, organized through skip logic, and a place for documents to be uploaded. Once the questionnaire is completed and submitted, all data is automatically fed into a structured database, which can be presented in interactive dashboards, in real-time.
Analytics
Interactive dashboards make analyzing data intuitive and easy. Once a problem is identified, you can investigate it, find the root cause, and quickly eliminate it. Dashboards can easily be built and adjusted with even the bare minimum of technical understanding.
API
Ventiv builds application programming interfaces (APIs) that connect IRM with insurers’ systems. Once renewal data is validated, with a simple click of a button the data is transferred directly. This direct communication between the two systems improves data integrity, accuracy, and efficiency on all sides. APIs are one of the best examples of what automation can do for you.
The Solutions
So whether you are interested in being able to visualize data with map overlays in real-time or capture renewal data with a significantly higher degree of accuracy than you are now, these are just a few of the ways Ventiv can help transform your risk management and insurance administration programs. If you would like the opportunity to learn more about Ventiv’s products, or you are interested in finding out a solution that meets your specific requirements, please get in contact.
