Company Insurance Manager Solutions
In an interconnected world, it is folly to still treat risk as a siloed function. It ought to encompass the entire organisation and provide insight at regular-enough intervals to help inform strategy. In the past, this was just a pipedream. But today integrated risk management is not only possible, but it’s also a definitive competitive edge.
Using its considerable experience and partnerships in the GRC space, thryve can unify all areas of risk effectively and efficiently, reducing costs and enabling insights. Our platform solution provides risk-assessment that can be automated and unified, providing critical insight into all the strategic and operational risks across the enterprise. Customised to your risk requirements and business drivers, our Integrated Risk Management solution can visualise complex data to show what is being done to manage these risks and build alignment with the risk tolerance of the organisation.
Risk and strategy go hand in hand, which is why a poor view of enterprise risk creates barriers for the organisation’s ambitions. But this is very difficult to address in the sprawling estate of enterprises, where silos, business units and many other individual components tug and twist against the mothership.
We leverage our GRC experience at thryve to bring together all the significant risks of an organization, in a way that enables the organization to most effectively manage them. Your organisation’s key objectives are supported through our processes of risk identification, assessment, mitigation, and monitoring. Reduce volatility and surprises with a clear view of what your enterprise’s rick landscape looks like, without disrupting contributors and their related processes. thryve’s Enterprise Risk Management solution is a technology marvel that creates a single view of organisational risk with granular detail, without rocking the boat.
Risk is one of the most crucial functions in a business, yet managing it is also among the most demanding. When the business needs a view of its opportunities, it looks towards risk managers to help paint that picture. In order to help organisations lower their total cost of risk, risk managers need to be able to immediately cross-examine their risk and insurance data. Traditionally this is a costly and slow process that can struggle to deliver results at the pace the business is evolving. But that can be turned around entirely with the right solution.
thryve’s Risk Management Information System is such a solution. It empowers risk decision-makers with leading-edge technology, accelerating the consolidation of data across the organisation’s silos and automating processes to speed up delivery. From here managers can access more advanced features, such as personalised reporting and predictive analytics. Reduce losses, test mitigation strategies, improve costs and feed risk data to the business at the pace it desires.
Every organisation is caught between two forces: those that deliver direct revenue value and the operational necessities to maintain those pipelines. The latter are often ‘grudge’ functions: necessary evils to some but nonetheless crucial for successful and compliant operations. For many, managing Environmental, Health and Safety risks would qualify as they are notoriously specialised and yet very important.
thryve’s Environment, Health and Safety Management solution combines the worlds of risk managers and safety professionals into one seamless and engaging platform. It serves as a single home for aggregating related data and serving insights to all the stakeholders. Our solution also lets these functions expand into other areas, such as tapping business intelligence features to further align with company strategy. Take the grudge out of Environment, Health and Safety through improved processes, automation and cross-collaboration, provided by our best-of-breed solution.
Audits and Assessments are common across an organisation, but that is often where similarities end. The scope, methods and outcomes of different audit requirements vary tremendously, which can instil doubt where there a uniform approach to it is even possible. But organisations like uniformity because it reduces complexity and costs. Is it possible to have those and still not limit the abilities of your audit and assessment requirements?
At thryve, we developed our Audit and Assessment Management solution specifically to answer this call. It’s a unified platform that presents common audit and assessment components to all. These include the ability to identify an audit subject, develop an audit plan, documentation of the audit, agreement on any audit finding, oversight of finding remediation, and reporting to an Audit Committee. But it also includes the flexibility to align these components with any specific auditing and assessment needs. Our solution lets your audit and assessment functions speak with their own voice yet still toe the line of the organisation.
Technicality is the hallmark of the compliance world, where many different standards and regulatory requirements can heavily impact budgets and time horizons. Getting compliance right is often a major cost centre, especially when establishing and promoting risk standards across various departments, business units and other silos. The more a business can streamline its risk standards to adhere to compliance requirements, the smoother its journey will be.
We use our deep experience at thryve around risk and compliance to power our Risk Standards Compliance Management solution. Quick to deploy, it serves as the nexus to predict and manage risks while adhering to laws, regulations as well as company policies and procedures. From development to documentation and implementation, create a one-stop-shop for your company’s risk standards that reduces costs, removes risk and builds certainty.
Compliance and Regulations are both major drivers for organisations. They can also pose major risks if not managed properly. Yet because they are not part of core business and revenue drivers, these often become rubberstamp exercises – at the risk of the company.
thryve’s Compliance and Regulatory Management Solution helps take back control with a coordinated approach that extends across the entire organisation. Capable of focusing on any number governances, company policies, controls and sources of risk, our solution connects the silos of risk management. Capable to scale and focus as demanded, we help ensure that you not only stay on top of compliance and regulation, but turn these from grudge elements to success drivers for your company.
Supply chains have risen in importance, especially as governance considerations have extended the scope of companies to include the activities of their peripheral partners. There are also more directly impactful reasons to manage your supply chain more closely, such as avoiding overstock or hunting for efficiencies that can lead to lower costs and faster throughput.
thryve’s Supply Chain Risk Management solution exists for these exact reasons. Manage both everyday and exceptional risks along the supply chain, based on continuous risk assessment in order to reduce vulnerability and ensure continuity. From products and services to the facilities that suppliers use, include everything to create a single truth about supply chain activities and risks. Our solution customises and scales with ease to help cover this very demanding yet crucial aspect of business management.
It really doesn’t matter how big or strong your business is: a single disaster could take it down. As can a number of small disasters: from natural events to fires and infrastructure failure to key staff leaving your business – there are numerous ways your business’ continuity can be affected.
Past approaches to business continuity and disaster management have been limited, leaving the rest up to luck. But thryve’s Business Continuity Management solution can take away the ambiguity and uncertainty by providing a top-down view of related risks and mitigation strategies. By bridging silos it can reveal hidden risks and opportunities that impact your company’s resiliency. Our solution facilitates the creation of an ongoing BCM strategy that can evolve as your organisation does.
Healthcare risk management is a highly specialised field, filled with additional regulations and other concerns. It is also a crucial touchpoint for many customers as well as a high-cost environment where margins can quickly thin out and evaporate. These are characteristics that can’t be solved by just any solution.
thryve’s Healthcare Risk Management solution brings the sector’s unique demands together with best risk practices to offer a capable, flexible, intuitive and robust healthcare risk management reporting technology. Safe, secure and compliant, its scalable nature connects effortlessly with healthcare environments, reducing their complexities to most effectively deliver better risk mitigation and projection.
Cyber risk is the new kid on the block and to many, it instils a level of fear and uncertainty they are not used to. Computer systems reach so deeply into modern organisations that they can be indistinguishable from the business functions they support. If something goes wrong at the cyber level, it can cascade in devastating fashion – comparable to natural disasters. From reputation damage to losses that can kill an enterprise, cyber is a dangerous risk if it can’t be managed and mitigated.
We designed our Cyber Risk Management by combining thryve’s respective insights in the GRC and technology markets. Manage all areas of cyber risk with this comprehensive cyber risk management tool that considers the dynamic digital framework, from data breach risks to reputational damage results. Everything from company policy, standards, frameworks and controls with assurance through self-assessment and gap analysis are incorporated into a single solution that makes cyber risk management intuitive even for people with less inclination to know their bits from their bytes.
A picture tells a thousand words, which is why visualisation has become so vogue across companies of every size. The abilities to quickly spot anomalies or trends and drill into areas of interest are great timesavers and greatly sought after. But if you have ventured into the world of data visualisation before, you know it’s a mixed bag – particularly when it comes to visualising risk data.
thryve not only has a deep grasp for the value of visualisation and the technologies that drive it, but we also leverage our GRC experience to know what is often right and wrong about risk data visualisations. Our Risk Data Visualisation solution incorporates your data and is set to your processes to deliver effective and sophisticated visual representations. Utilising web-based integrated risk management technology, our solution can be customised, deployed and scaled as you require. Be it infographics, dials and gauges, geographic maps, sparklines, heatmaps, pie charts or more, let us help you create the visualisations that make sense for you and your stakeholders.
Renewal exposure is an important factor in projecting the strategy and roadmap of insurance underwriters and brokers. Yet it is also a time-consuming task that runs the risk of aggravating customers – an activity that requires focus but also fast resolution. Applying its deep pool of experience in the insurance sector, thryve developed its Insurance Renewal Exposure Data Gathering solution.
Reduce the time and effort you devote to gathering and managing renewal data with this innovative tool. It simplifies processes and improves data quality, streamlining the insurance renewal process by reducing the time and effort spent on gathering and managing renewal data.
Insurance administration is a broad-based discipline where nuance and context count if you want the correct results. With such bespoke requirements, it is challenging to find tools that complement them and often even the most sophisticated organisations still resort to spreadsheet and paper calculations that are woefully under equipped to perform in today’s fast-paced world.
thryve has used its experience with the insurance sector to build our Insurance Administration solution. Using the powerful Salesforce platform, we can customise and deploy a service that fits your administration needs perfectly. Expect a highly configurable policy and claim management and administration system covering any insurance class from incident capture, financial reserve management within limits and deductibles to final settlement. Built-in drag-and-drop reporting and dashboard analytics makes this an intuitive tool for business managers regardless of their technology acumen.
Insurance policy and administration portfolios oversee the beating heart of any underwriter or brokerage. If you don’t know what is going on in this sensitive area, how much do you really know about your business? But to attain such a level of insight is very labour-intensive, burdened with many information channels, and requires rigorous systems to support it.
thryve aims to take the pain out of this crucial area through our Insurance Policy and Program Administration solution. We designed it to simplify and streamline your insurance portfolio and the entire value chain associated with it. The solution’s comprehensive tools support your growth, operational efficiencies and market demands, utilising the best in technology to boost visibility, automate processes and integrate the numerous data channels which inform your policy portfolios.
The administrative demands around insurance claims can be a major process bottleneck and cause significant resource consumption. It is also a delicate touchpoint with customers, so a poor claim administration environment risks churn and losing market share.
thryve’s Insurance Claim Administration solution exists specifically to tackle this buron and change it into a vibrant engine for business success. Our solution improves the accuracy and processing productivity behind claims. It is scalable and can grow as the business demands, ensuring consistent and personalised service throughout the claims journey.
The issuance of insurance certificate fulfils various requirements across numerous sectors and use cases. When contractual obligations are not met, it exposes involved parties to the risk of breach of contract as well as uninsured liabilities. Often these situations can be avoided if there is proper administration involved.
thryve’s Insurance Certificate Management and Administration solution offers tools to quickly and easily diagnose, track, action and resolve issues. It provides comprehensive reporting, yet is not time intensive or complex. Designed to save administrators time and energy, our solution keeps you on top of insurance certificate requirements for your customers’ and your own peace of mind.
Success in the insurance world requires the careful management of resources to ensure liquidity and room to expand. This is a daunting requirement, in response to which thryve developed its Advanced Insurance Aggregate Erosion Tracking and Management solution.
Manage every aspect of your insurance program. When an event happens, verify its coverage across the many stakeholders. Keep track of coverage across an ecosystem of carriers, claims, policies and brokers. Our solution helps manage your policies, deliver better analysis and deeper insight– and ultimately reduce the total cost of risk.
Risk is best dealt with when spread around, thus limiting exposure. This also applies to the costs associated with mitigating risks, in this case specifically the premiums paid towards insurance policies. Allocating premiums among multiple parties makes sense, especially for complex assets, but it is also a minefield of satisfaction shortfalls. Is it possible to please all parties when allocating premiums?
The answer is yes – if you deploy thryve’s Advanced Insurance Premium Allocation Management solution. A robust, flexible allocation system, it provides a crystal clear audit trail and improved efficiency. Allocate insurance premiums, fees and other charges among participants in an equitable manner, with increased control over charges, consistency over time and improved efficiency.
Advanced bordereau systems to manage, verify or analyze data in a meaningful way for your business.
Advanced bordereau systems to manage, verify or analyze data in a meaningful way to secure a competitive advantage and profitable growth for your business. Do away with outdated systems that require great effort to standardise imported data from various formats, or complex data where underlying risks can not be easily identified.
The issuance of marine certificates is a crucial cog in global shipping, yet it remains a painfully laborious paper-based process, full of opportunity for mistakes and unsavoury activities. Leveraging our deep knowledge of this sector, thryve developed our Marine Certificate Management solution that removes paper from the value chain without disrupting the processes your staff rely on.
Our solution removes the requirement of issuing and distributing paper-based certificates, replacing them with digital copies that are managed from a central platform. Easy to deploy, complimentary to staff processes and with no risk of upsetting other business systems, our Marine Certificate Management solution revolutionises this niche sector without fuss or drawbacks.
Insurance is all about relationships and insurance companies rise and fall on their ability to manage those. Yet most customer relationship management (CRM) systems do not take these nuances into consideration. thryve offers a specialised CRM suite for insurance professionals to manage the complex demands of personalised service.
Manage customer accounts, track sales leads, conduct and monitor marketing campaigns. Provide post-sale service and more with this suite of tailored tools that will appeal to anyone from global underwriters to one-person brokerages. Access all the sales and customer service tools needed to acquire and maintain an intimate knowledge of customers and their history.