Risk Solved Ltd

Insurance risk surveys and assessments, run through web software, are the core of this firm's work. Risk Solved Ltd builds software for insurance risk engineering. Its application helps insurers survey, assess and mitigate the risks they cover. The firm says it has worked with insurance groups in the Lloyd's and London markets for more than fifteen years, and that clients in property, casualty, liability, professional indemnity and motor have invested in its software.

One system for each stage of risk management

The firm says every stage of the risk management process can sit in one system. Surveys can be issued and responses gathered, risk improvement reports produced and follow-up tracked. Its self-assessment, audit and survey tools are designed to speed up the risk assessment process, and it says the application can be used both online and offline to support coverage across insurable risks.

Forms, workflows and analysis

Surveys can be designed and assigned, then completed on mobile or desktop devices, with changes synced in real time. The firm says its configurable forms can be shaped to regional rules or to the needs of a particular client. Workflow and tracking tools follow each survey through to its outcome, and analysis tools work on the data they collect.

Reporting and integration

Management information reporting is built on a reporting tool that the firm describes as powerful, and the application offers APIs for connecting to internal systems and third-party applications. The firm says this makes it possible to centralise risk data from many sources. Links to claims data are part of its analysis offer, so that insurers can compare what they see in surveys with what has happened in claims.

Who uses it

The firm describes its clients as insurers and insurance groups that want to understand risk and develop better assessment practices. The firm says the software has been used by insurers and by groups in the London market for more than a decade and a half, and the firm presents that experience as the basis for the product's design.