Ventiv Technology Appoints Steven Woods as New VP of Solutions

Executive with background in TPA and Pools Insurance Administration joins Ventiv

ATLANTA, GA (October 19, 2022) – Ventiv Technology, the leading provider of advanced analytics for risk, claims and underwriting solutions, today announced the appointment of Steven Woods as Vice President responsible for Ventiv’s customer solutions.

The addition of Woods to the Ventiv team is another strategic move to accelerate the company’s leadership position as the vendor of choice for operational risk, claims administration, policy, and billing. Today, Ventiv’s suite of claims administration and risk management solutions includes: Ventiv IRM, Ventiv Claims, Ventiv Policy, Ventiv Billing, Ventiv Digital and Ventiv Analytics, including Ventiv Predict.

“Ventiv has a rich history within the insurance industry as a trusted and dedicated partner to their clients,” says Woods. “Through direct experience, I know that Ventiv offers one of the most robust platforms in the industry. I am excited about the vision and direction of the Ventiv product road map and truly believe in the value that we deliver to risk managers, claims administrators, insurers, third-party administrators, and corporations that need to identify, quantify, and mitigate risks.”

Woods, a dynamic leader and technology visionary, has over 15 years of RMIS experience specializing in digital transformation, cybersecurity operations, and risk mitigation. He has earned the Certified Information Systems Security Professional (CISSP) designation and specializes in digital transformation. His experience working with risk pools to apply a technology-based strategy to reduce their exposure and tenure as CIO of a leading TPA makes him uniquely qualified to support companies in their adoption of new technologies.

“We are excited to welcome Steven to our leadership team. He is a highly motivated self-starter who anticipates and adopts technology to align with our clients’ strategic goals,” say Ned Myers, Ventiv CRO. “Woods’ leadership and personal insights will allow Ventiv to match our highly- configurable software to our clients’ needs. Moreover, Steven personifies the caliber of Ventiv’s professional staff that make Ventiv a trusted partner.”

About Ventiv Technology

Ventiv Technology is a leading global provider of claims administration, risk management information systems (RMIS), enterprise risk management (ERM), insurance claims, billing, policy, and administration technology integrated with its market-leading analytics and predictive models. Ventiv Technology’s SaaS and on-premise solutions are deployed by insurers, brokers, insured corporate entities, federal and regional governments, public entities, third party claims administrators (TPAs), and risk pools across a variety of industries, including transportation & logistics, retail, financial services, leisure & hospitality, energy, aviation and manufacturing among several others.

With over 45 years’ experience, Ventiv serves 450 customers and more than 450,000 users spanning 40 countries. Ventiv’s global footprint and experienced team of industry veterans deliver insights to organizations that allow our customers to predict, manage, and respond to risk.

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