Blogs

Are you getting the most from your Risk Management Information System (RMIS)? You rely on your RMIS as a vital part of your organization\’s health, but what do you do to ensure it is performing at its highest level? Not primarily systems responsiveness and availability, but they are important too. But how is your system […]

There are many reasons to switch RMIS. Organizations switch systems typically when the current system is thought to no longer meet its needs or does not have the latest technology capabilities. The RMIS Report User Survey tells us that 38 percent of respondents have switched systems in the past four years. The survey also tells

The COVID-19 crisis has had a major impact on organizations and risk management professionals. Whether it’s identifying an organization’s exposures or supply chain impacts, tracking claims and incidents related to the pandemic, or identifying business interruption costs, the information necessary can be overwhelming. The RMIS industry has quickly responded to support its clients during this

From our user survey, subscriber interviews, and system demonstrations, we have concluded that the bundled vendor community continues to exhibit the following trends: Reliance on proprietary software rather than a private-label-system option Aggressive focus on developing core functionality (i.e., claims management, data analytics) The third-party administrator (TPA) subindustry is more likely to move toward private-labeled

2018 was an eventful year in the RMIS market. Several significant events took place to change the landscape of the marketplace. The two primary forces driving the market are  technology innovations that vendors are integrating into their solutions; and  demands by more sophisticated risk management users and organizations. Both of these forces are fueling rapid

The 2020 edition has been redesigned to provide more valuable information on the Risk Management Information System (RMIS) industry. Published by Redhand Advisors and written by industry veterans David Tweedy and Patrick O’Neill…

Redhand Advisors, a risk management technology consulting organization, is pleased to welcome David Tweedy as Senior Risk Advisor and Partner. “Dave and I have worked closely together since I founded Redhand Advisors. It was a logical move to bring Dave on board. He brings a tremendous amount of experience and knowledge in the RMIS space,”

In recent years the RMIS industry has seen a flurry of private equity activity. Ten years ago, brokers were the largest investors in RMIS businesses. The market has recently shifted and now three private equity firms have made investments in RMIS firms. In 2014, Symphony Technology Group, acquired the RMIS business unit of Aon Risk

Redhand Advisors and Bickmore announced today a partnership to produce the RMIS Report, the successor the RMIS Review. The review, which Mr. Tweedy has authored for over 20 years, is an annual report on all major risk and claims management systems. The redesigned and comprehensive report will provide in-depth analysis and commentary on the marketplace,

Insurance analytics and big data are revolutionizing the risk management landscape. But how do you harness these tools to ensure the best effect? Increasingly effective tools are available to risk managers to help them understand and enhance their loss data to manage their business. Ventiv’s Manesh Kotwani & Angus Rhodes, Redhand Advisors’ Patrick O’Neill, Turner