Patrick O'Neill

Diving into the Future: How AI is Making Waves in Risk Pooling

The insurance industry is on the brink of a significant transformation, and at the heart of this change is Artificial Intelligence (AI). For risk pools, AI represents an unprecedented opportunity to enhance efficiency, reduce costs, and improve decision-making. As risk pools strive to manage collective risks more effectively, the integration of AI tools is proving to be a game-changer, driving a new era of innovation and operational excellence.

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Issue 24: Risk Technology Rapidly Gaining Traction

Our recent RMIS Report research uncovered a significant trend: risk technology solutions are rapidly gaining traction with small and mid-sized enterprises. Notably, almost half (49%) of RMIS buyers in the past year were first-time organizational buyers. This shift is driven by various factors, all explored in our latest blogs, which highlights cutting-edge technological advancements and

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Artificial Intelligence & Analytics: The Realities and Misconceptions Regarding Two Essential Tools for the Insurance Industry

Join us for an insightful webinar as we delve into the transformative world of Artificial Intelligence and Analytics. This session is designed to provide insights into two of the most crucial tools reshaping the insurance industry. 

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Why Now is the Best Time to Invest in a Risk Management Information System (RMIS)

In the ever-evolving landscape of risk management, the tools and technologies we use to manage risks are advancing at an unprecedented pace. For organizations seeking to enhance their risk management strategies, now is the ideal time to invest in a Risk Management Information System (RMIS). Here’s why:

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Avoiding Complacency in an Era of Novel Risks: Insights from the 2024 State of Risk Report

Join experts from across industries, including Pat O’Neill (President & Founder of Redhand Advisors and co-author of the RMIS Report), Dave Wingo (Senior Director of Risk Management, Terex Corporation), Ross DeYoung (Director of Integrated Leave Management and HR Operations, Meijer), and Earne Bentley (President of Risk Solutions, Origami Risk) as they discuss how current and emerging trends in risk management are forcing organizations to level up their programs, as highlighted in Origami Risk’s 2024 State of Risk Report.

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The Evolution and Impact of Artificial Intelligence and What it Means to the Insurance Industry

Artificial intelligence (AI) has come a long way since its early days in the 1950s. Today, AI encompasses a vast field of computer science dedicated to building intelligent machines capable of performing tasks that traditionally require human intelligence. This article explores the historical development of AI, its significant milestones, and the profound impact it has on various sectors, with a particular focus on the insurance industry. As we delve into the complexities and opportunities presented by AI, we will also examine the challenges and strategic considerations essential for integrating AI technologies into modern organizations.

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Innovations and Insights: A Conversation with Industry Leaders on the 2024 RMIS Report

Join us for an illuminating discussion featuring industry luminaries Pat O\’Neill, founder & president, Redhand Advisors, alongside Kathryn Carlson, senior vice president, product management, and Patrick Eslick, senior director, insurable risk, both from Riskonnect, Inc. Together, they dissect the report\’s findings and offer unparalleled perspectives on the latest advancements in risk management, claims administration, and enterprise solutions. With their combined experience, their expertise shines as they navigate the complexities of modern the risk management landscape.

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2024 RMIS Report – The Transformative Power of Technology

The 2024 RMIS Report underscores the transformative power of technology and the democratization of RMIS and RiskTech, offering organizations invaluable insights into navigating evolving risk landscapes. As vendors prioritize accessibility, adaptability and ethical AI practices, stakeholders are empowered to leverage innovation effectively, enhancing operational resilience and driving sustainable growth in an era of dynamic risk.

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