Riskonnect Risk Management Information System (RMIS)
Operational risk management software
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What is Riskonnect Risk Management Information System (RMIS)
Riskonnect Risk Management Information System (RMIS) is a platform used to centralize operational risk and insurance-related data, workflows, and reporting in one system. It supports use cases such as incident and claim intake, policy and exposure tracking, risk register management, and analytics for risk and compliance teams. The product is typically used by mid-market and enterprise organizations that need standardized processes across business units and third parties. It differentiates through breadth across risk, insurance, and claims administration capabilities within a single RMIS-oriented suite.
Broad RMIS functional coverage
The platform covers common RMIS needs such as incident reporting, claims management workflows, policy and certificate tracking, and exposure data management. This breadth can reduce reliance on separate point tools for adjacent risk and insurance processes. It is well-suited to organizations that want a single system of record for operational risk and insurance data. The suite approach also supports cross-functional reporting across risk, safety, and insurance stakeholders.
Configurable workflows and forms
Riskonnect provides configurable intake forms and workflow steps to standardize how incidents, claims, and risk items are captured and routed. This helps teams enforce consistent data collection across locations and business units. Configuration supports tailoring to different lines of business without requiring every change to be a custom development project. It is useful for organizations with varied operational processes that still need centralized governance.
Centralized reporting and analytics
The system consolidates operational risk, claims, and insurance data for reporting and trend analysis. Dashboards and reporting help identify loss drivers, recurring incident types, and exposure concentrations. Centralized analytics supports executive reporting and insurer/broker communications using consistent metrics. This is a practical advantage over spreadsheet-based tracking or fragmented departmental tools.
Implementation can be resource-intensive
RMIS deployments often require significant data migration, process mapping, and stakeholder alignment across risk, safety, and insurance functions. Configuration decisions (taxonomies, workflows, and reporting structures) can extend timelines if requirements are not well-defined. Organizations may need dedicated internal administrators to maintain forms, fields, and user access. This can be heavier than adopting narrower workflow tools focused on a single process.
Complexity for smaller teams
The breadth of modules and configuration options can introduce complexity for small risk teams with limited governance capacity. Users may face a learning curve when navigating multiple functional areas (incidents, claims, policies, exposures, risk registers). If only a subset of capabilities is used, the overall system may feel oversized relative to needs. Smaller organizations may prefer simpler operational risk tooling with fewer administrative demands.
Integration depends on environment
Integrations with HRIS, ERP, EHS, document management, and third-party claims administrators typically depend on available connectors, APIs, and the customer’s data quality. Achieving near-real-time synchronization and consistent master data can require additional integration work. Reporting accuracy depends on disciplined data entry and upstream system alignment. Buyers should validate integration scope and ongoing maintenance responsibilities during evaluation.
Seller details
Riskonnect, Inc.
Atlanta, Georgia, USA
2007
Private
https://riskonnect.com/
https://x.com/Riskonnect
https://www.linkedin.com/company/riskonnect/
