Ventiv Technology

Risk management information systems and enterprise risk technology for self-insured organizations and global insurers

Core Administration Established Acquired

Overview

Ventiv Technology is a risk management information system (RMIS) and enterprise risk technology provider serving self-insured organizations, risk managers, insurers, and brokers. Founded in 1972 and headquartered in Atlanta, the company focuses on integrating risk exposure data with claims administration and analytics to help organizations reduce risk costs across multiple lines of coverage.

The platform covers the full risk management lifecycle -- from policy and exposure tracking through claims administration, billing, and compliance reporting. Ventiv's RMIS delivers analytics and benchmarking tools that draw on AI and machine learning to identify correlations across claims, exposure, property, and third-party data. Deployment options include cloud-enabled and on-premise configurations, with API integrations supporting major insurance systems such as Guidewire and Duck Creek.

With 540+ client organizations, 350,000+ users across 40+ countries, and case study evidence of meaningful loss reductions for named customers, Ventiv has a long operational track record in the risk management software segment. In January 2024, Ventiv was acquired by Riskonnect, an integrated risk management solutions provider backed by TA Associates, combining the two companies' customer bases into a 2,500+ organization global platform.

Products & Services

Risk Management Information System (RMIS)

Integrated risk exposure management platform that consolidates risk data, policies, claims, and analytics into a unified system. Used by self-insured entities and risk managers to track exposures, manage program renewals, and extract benchmarking insights.

Key Features

Risk exposure tracking and program management
Integrated claims data with benchmarking and peer comparisons
Geospatial analysis for property risk evaluation

Target Users: Self-insured organizations, corporate risk managers, large employers

Claims Administration

Claims processing system integrated with Ventiv's risk data platform. Supports the full claims lifecycle from inception through resolution, including routing, reserve management, payment processing, and compliance reporting.

Key Features

Claim routing and workflow automation
Reserve management and payment processing
Compliance and regulatory reporting

Target Users: TPAs, self-insured organizations, carriers

Policy Administration

Insurance policy management and renewal system covering policy lifecycle from inception through renewal. Includes policy data management, billing integration, and renewal workflow tools.

Key Features

Policy lifecycle management
Billing integration
Renewal workflow and data management

Target Users: Insurers, risk managers, brokers

RMIS Analytics and Predictive Models

Advanced analytics platform combining claims, exposure, property type, and third-party data sources. Includes AI and machine learning capabilities for risk scoring and predictive modeling.

Key Features

AI/ML-powered predictive modeling
Benchmark comparisons across peer organizations
Geospatial risk analysis tools

Target Users: Risk managers, actuaries, loss control professionals

Enterprise Risk Management (ERM)

Broader risk management solutions covering safety and loss control, environmental health and safety (EH&S) management, and workers' compensation program tracking.

Key Features

EH&S program management
Safety and loss control tracking
Workers' compensation analytics

Target Users: Large employers, self-insured entities

At a Glance

Founded: 1972
Headquarters: Atlanta, Georgia, USA
Employees: 201-500
Funding: Acquired

Category & Focus

Category: Core Administration
Subcategories: Risk Management Information Systems Claims Administration Policy Administration Enterprise Risk Management
Insurance Verticals: P&C Commercial Workers Compensation Specialty/E&S
Target Customers: Carriers, Brokers, TPAs