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integrated risk management software and data analytics for manufacturing and automotive companies

Manufacturing Risk Management

45+ manufacturing companies eliminate spreadsheets, streamline data collection, and make data-driven decisions to avoid losses in the hardening market.

Connect risks across silos and reduce Total Cost of Risk

Manufacturing and automotive companies are faced with unique challenges, from managing supply chains to overcoming workforce shortages. In such an asset-heavy industry, safety and risk management are of the utmost importance. With an integrated risk management solution, manufacturing companies can identify and avoid losses in the hardening market.

Risk and insurance managers in the manufacturing sector often spend too much time collecting data and too little time finding answers to relevant questions. Data tends to be siloed in different systems, which causes inefficient and inaccurate reporting and analysis. With AI-powered analytics, risk and insurance professionals can consolidate data into a single solution while connecting risk mitigation activities across the business.

manufacturing risk management, manufacturing risk software, risk management in manufacturing industry
manufacturing risk management, manufacturing risk software, risk management in manufacturing industry

Make data-driven decisions with advanced risk analytics

Gain a deeper understanding of risks, predict outcomes, and take preventive action to optimize your business performance.

Analytics in Action: The Business Impact of Predictive Analytics

Minimize the frequency and cost of safety incidents with predictive analytics

Discover how predictive analytics can help risk managers pinpoint trends, understand what’s causing the trends, and take targeted actions to prevent situations that may have a negative impact in the future. In this short video, you will see an example of a manufacturing company using analytics to minimize the frequency and cost of safety incidents.

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Integrated risk management solutions designed for manufacturing and automotive professionals

Incident Management

Capture all incident information directly from the road, delivery points, and facilities. Notify and escalate to management, investigate and identify root causes, and identify the best corrective measures for your budget.

Claims Management

Mitigate the rising costs of premiums and achieve total control of your claims. Use a central system with reduced reporting costs and automatic consolidation from TPAs and insurers.

Exposure & Asset Management

Gain a stronger negotiating position for risk transfer. Maintain a detailed register of all exposures and assets, including properties, with location, usage, values, and COPE details.

Insurance Renewal Data Automation

Streamline the renewal process by automating the collection, consolidation, and analysis of your risk and exposure data. Mitigate the rising costs of premiums and reduce time spent collecting data. 

Risk Engineering and Property Loss Control

Prevent risks and hazards with best use of loss control budgets. Improve your safety program with a central repository of survey results, including recommendations and temporary impairments.

Cost Allocation & Calculation

Allocate premiums, retained claim costs, and other risk management costs with an efficient, transparent, and compliant process.

Policy & Program Management

Establish a holistic approach to managing policies and insurance programs. Manage complex insurance policies, including premiums, limits and conditions, loss ratios, aggregate erosion, premium flows, and insurer exposure.

ERM

Manage risk across your enterprise by aligning your ERM framework, including identification, assessments, controls, and actions. Generate maximum value with easy consolidation, aggregation, linkage, and reporting.

Safety Management

Improve your EHS program by capturing all types of incidents, near misses, and observations. Investigate, identify root causes, and take corrective action. Target your loss control measures, drive best practices, and ensure compliance with local legislation (OSHA, RIDDOR).

Capitalize on the Strategic Value of Data

The right software solution for risk management not only aggregates risk, insurance, and EH&S data but also supports your risk strategy and improves performance with effective governance and risk ownership.

As today’s risk environment changes to encompass a diverse, critical range of enterprise and large-scale risks, no risk manager can afford to be without powerful risk-focused technology.

Ventiv enhances and simplifies the evaluation, mitigation, and monitoring of risk with powerful analytics, business intelligence, and reporting capabilities.

manufacturing risk management, manufacturing risk software, risk management in manufacturing industry

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