The just-released 2026 RMIS Report by Redhand Advisors acknowledges Riskonnect as one of the complete RMIS options available in the market. Riskonnect is a standout in nearly each class coated by the report – and was the highest-scoring vendor for each understanding prospects’ wants and for implementation help.
The report relies on insights from over 1,000 threat professionals and 39 expertise options, starting from specialised purposes to end-to-end to threat administration options like Riskonnect.
Based on the report, RMIS patrons are getting more and more subtle. They anticipate integration, a seamless consumer expertise, and analytics. And AI is accelerating the dialogue.
Expectations for AI are excessive. Respondents consider that AI may considerably enhance productiveness, improve knowledge high quality, and help extra knowledgeable decision-making. However AI expertise is growing quicker than understanding precisely what it could actually do or learn how to use it.
- 60% of organizations report that they don’t seem to be at the moment utilizing AI capabilities, pointing to restricted understanding of AI capabilities (44%), knowledge safety considerations (39%), and integration challenges (26%).
- 28% of respondents are particularly prioritizing AI-driven capabilities over the subsequent 12-24 months. Different prime priorities are enhancing analytics and dashboards (48%), lowering administrative burdens (34%), and bettering govt reporting (30%) – all of which will be enhanced by AI.
- 78% of respondents anticipate AI to generate time financial savings and productiveness positive aspects. Different anticipated outcomes from AI adoption embrace improved knowledge high quality (57%) and higher resolution help (49%).
The report additionally notes that whereas the spine of RMIS use continues to be claims and incident administration, organizations wish to get extra worth out of their RMIS with improved connectivity, workflows, and resolution help. Organizations are transferring away from fragmented level options to extra unified platforms.
Get Extra Worth from Your RMIS
Over half of respondents carried out their RMIS greater than 5 years in the past. In case your RMIS use has remained unchanged since then, you may be lacking out on precious performance. Listed here are 5 purposes that will help you get essentially the most from RMIS expertise, whether or not that’s throughout the platform you may have or in a alternative resolution.
- Incident administration. Solely about half of organizations use their RMIS to trace and handle incidents. A RMIS can rapidly and precisely seize incident particulars proper on the supply and comply with each occasion by to decision.
- Insurance coverage renewal knowledge assortment. Only one in 4 respondents collects renewal knowledge by way of a RMIS. A RMIS can streamline the method by mechanically amassing, consolidating, and analyzing threat and publicity knowledge.
- Coverage/program administration. Solely 23% of respondents deal with insurance coverage administration with a RMIS. A RMIS can monitor and handle all insurance coverage insurance policies and options, together with premiums, layers, limits, deductibles, carriers, and extra, so that you all the time know the place you stand.
- Publicity/asset administration. Simply 21% of respondents use a RMIS to handle exposures. A RMIS provides you a complete view of your asset and publicity portfolio to keep away from overlaps or gaps in protection.
- Governance, Danger & Compliance. Simply 13% of respondents use RMIS expertise to handle GRC. A RMIS that may broaden your view past insurable dangers presents an interconnected threat ecosystem for deeper perception into all dangers, simpler collaboration throughout groups, and extra knowledgeable decision-making for the group.
What to Take into account When Shopping for a RMIS
In case your present system can’t ship what you want, listed here are a number of questions that will help you establish the RMIS resolution that’s best for you:
Does the RMIS have built-in AI capabilities?
Generative AI and automation are taking up an ever-expanding function in managing threat. Whereas many RMIS suppliers have nascent capabilities layered on prime, Riskonnect has a built-in AI intelligence layer that takes your RMIS to passive recordkeeper to lively collaborator.
How built-in is the RMIS?
RMIS expertise is best when it seamlessly connects threat knowledge of all sorts throughout the group. Riskonnect was the primary RMIS supplier to deliver threat collectively beneath one roof, giving prospects a unified, interconnected expertise with unparalleled insights for making assured choices.
How a lot knowledge cleaning and consolidation is a do-it-yourself undertaking – or an sudden added expense?
Knowledge high quality is a key contributor to RMIS effectiveness, in line with 61% of respondents. Many distributors, nonetheless, glaze over the data-integration course of, anticipating prospects to ship clear, consolidated, ready-to-go knowledge – or pay up for assist. Riskonnect set the bar for best-practice requirements, the place knowledge is cleansed on the supply with each normal enterprise guidelines and customizable edits. Not solely does this defend the integrity of data from the beginning, it saves you from having to repair dangerous knowledge down the highway.
How safe is the RMIS?
Safety is a vital concern, and it’s essential to dig into distributors’ assertions. The place is knowledge housed? Has system safety been verified independently? Riskonnect protects an organization’s knowledge with tight entry controls, sturdy firewalls, world knowledge facilities – and best-in-class safety verified by unbiased third events.
Is that low introductory charge for actual?
Some distributors like to supply extraordinarily low costs however then gouge you post-signature with ongoing change and help charges. Riskonnect is easy about what you get and what it prices. Riskonnect’s GoLive! implementation providers presents three choices of customization, all designed to realize your enterprise goals as rapidly as potential.
What sort of help is supplied put up implementation?
Implementation is simply the beginning. A RMIS must develop and alter alongside along with your wants and technological advances. At Riskonnect, ongoing help is supplied by a devoted buyer success staff that focuses on stakeholder engagement, worth, and adoption. This dedication to wonderful service has not gone unnoticed. Clients scored Riskonnect highest in buyer help and understanding prospects’ wants amongst all distributors surveyed.
The way forward for RMIS is linked, clever, built-in, and intentional, says the report. The problem is to activate the total vary of capabilities out there in a contemporary RMIS. Riskonnect places all of your threat beneath one roof with interconnected, easy-to-use software program – and a complete dedication to buyer outcomes. Is your present platform ready to try this for you?
Riskonnect is the world’s largest and hottest RMIS. For extra info, try Riskonnect’s Danger Administration Info Programs resolution, and obtain the full 2026 RMIS Report by Redhand Advisors.