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Proactive Property-Loss Prevention

Saint-Gobain makes the grade with help from Ventiv risk management software.

 

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Power & Utility

Integrated Risk Management Software for Power and Utility

Harness the hidden insights in your data to protect assets, manage exposures, and drive down your cost of risk

Connect risks across silos and deliver metrics to improve your returns

Power and utility companies are faced with maintaining compliance with increasing regulation, balancing complex cost structures, and managing reputation amid rising consumer expectations. Risk managers are challenged with ensuring that proper coverage is in place and justifying risk decisions to executives and stakeholders. With AI-powered analytics, risk professionals can integrate all data from internal and external sources in a unified solution and uncover hidden insight to manage exposures and drive down the cost of risk.

TCoR Savings 2020
Advanced Risk Analytics Dashboard

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.

Integrated risk management solutions designed for power and utility professionals

Incident Management

Allow your managers to focus on their core business. Capture all incidents, notify and escalate to management, investigate and identify root causes, and identify the best corrective measures for your budget.

Claims Management

Drive down your 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. Reduce premiums by 10% and time collecting data by 70%.

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.

integrated risk management software for the energy industry

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Expect more from renewals technology.

Walk through the Ventiv renewals roadmap and discover what to expect from a new generation of automated renewals tools.

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