ClientWatch can be utilized to manage client engagements in security audits, risk assessments, regulatory compliance, gap analysis, policy review, and more. Customize, standardize and automate the services provided to clients in pre-engagement, onsite, and post engagement.
Risk Management Software for Insurance
Industry Challenges
The insurance industry is faced with difficult challenges that result from regulatory developments, market volatility, reputational risk, operational risk, and other emerging risks. Risk management is a necessary component of keeping your businesses safe and thriving. Since the National Association of Insurance Commissioners passed the Own Risk and Solvency Assessment Model Act (ORSA), insurance companies are now required to assess the effectiveness of their risk management programs, monitoring current and future risk through self-managed assessments.
Our Solution
Our risk assessment platform is designed to meet all the needs of construction companies. Easily assess physical security, cybersecurity, compliance with regulations and policies, and even your suppliers. RiskWatch makes it easy for construction firms to meet OSHA, CSI, BSSC, or any other requirements to mature your risk management program. Save time requesting, analyzing, remediating, and reporting on your data, which allows staff to focus more on reducing risk and meeting compliance. Store all contract documents and permits in a central location.
You can tell RiskWatch has experience and expertise in risk management by looking at how SecureWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.
American Express
Key Benifits
- Real-time risk profiles and scores that update as changes occur.
- Minimize labor risk with automated management to ensure training and promote productivity.
- Meet compliance requirements such as with OSHA, CSI, BSSC or any other regulations, standards, or even custom policies.
- Use customizable reports to provide high-level staff updates on objectives and progress on assessments.
- Provides a comprehensive view of organizational compliance. Recommendations are automatically offered to identify and mitigate gaps and vulnerabilities.
Additional Benifits
- Standardize and automate data collection, analysis, and remediation.
- Store all documentation such as worker documentation, completed forms, licenses, permits, proof of training, etc.
- Develop controls and tasks to mitigate all critical risks and work down as resources allow.
- Creates a road map for evaluating vulnerabilities, identifying opportunities for security enhancements, and tracking progress.
- Save time communicating with team members on assessment tasks with automated email reminders, recommended tasks, and activity logs.
Can You Afford Non-compliance?
Insurance industry call out
In 2019, Mercury Insurance Company was fined $27.6 million for charging illegal fees to customers, a violation of Proposition 103. The original fine goes back to 2015, when Mercury charged “discriminatory rates” despite repeated warnings. The company was also guilty of illegally labeling their agents as “brokers.” While both agents and brokers are intermediaries, a broker represents the insurance buyer and an agent represents an insurance company. For more information, click here.
Product Overview
An Intelligent Physical Security Risk Assessment Platform
SecureWatch is a state of the art security and risk assessment platform that can be utilized for facility compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.
An Information Security Risk Management Platform
CyberWatch is a modern assessment solution that can be utilized by various industries for cybersecurity and compliance risk assessments. The software enables you to reduce exposure to liability, manage risk, monitor and maintain cybersecurity, and track continuous improvement.
A Compliance Assessment and Management Platform
ComplianceWatch is a compliance audit and management platform that can be utilized by various industries for measuring compliance to any regulation, standard, or policy. Reduce exposure to liability, maintain public credibility, ensure adherence to best practices, track policy compliance, and track continuous improvement.
A Supplier Security Risk Assessment Platform
SupplierWatch is a security risk assessment and management platform that can be utilized to reduce exposure to liability, manage third-party risk, monitor and manage your supply chain, ensure high business continuity, and track continuous improvement. Use it to identify, eliminate, and prevent problems in your suppliers processes, management, or products.
A Vendor Security Risk Assessment Platform
VendorWatch is a security risk assessment and management platform that can be utilized for identifying security gaps and risks with vendors and addressing them. Reduce exposure to liability, manage third-party risk, and monitor and rank vendors. Keep track of a vendor’s compliance efforts to ensure expectations are being met. Archive contracts, manage compliance evaluations, manage contract reviews, and rate vendors objectively.
Try any of our products, for free.
Riskwatch products are easy to use, free to try, and can be customized to fit your business needs.
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