Ventiv Technology
Provider of risk management tools and resources for the risk managers to assess, mitigate, and analyze the risk.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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Ventiv Technology operates as a seasoned provider of integrated risk management (IRM) software, originating in 1972 and formerly known as Aon eSolutions. The company was acquired by Riskonnect on January 11, 2024, a transaction supported by TA Associates, Riskonnect's majority investor. Prior to this, Ventiv was itself divested from Aon and later acquired by private equity firm Tailwind Capital in 2019.
The firm delivers a suite of cloud-based and on-premise software solutions designed for enterprises and government entities to manage risk and insurance programs. Its client base includes insurers, brokers, corporate entities, public entities, and third-party claims administrators (TPAs) across a wide range of industries such as transportation, retail, financial services, and manufacturing. Ventiv's business model centers on providing these technology solutions, which help clients streamline the administration of incidents, claims, and insurance policies.
Ventiv's core offering is its Risk Management Information System (RMIS), an integrated platform that enables organizations to handle claims administration, policy management, incident tracking, and enterprise risk management (ERM). A key component is the Ventiv Analytics Cloud, which uses artificial intelligence and machine learning to help users analyze various data types—like claims, exposure, and third-party data—to uncover correlations and inform risk mitigation strategies. The platform's capabilities are designed to automate manual processes, enhance analytics, and ultimately reduce claim costs and the total cost of risk for its users. Over the years, Ventiv has grown through strategic acquisitions, including Webrisk in 2017 and DAVID Corporation in 2018, to expand its product portfolio and European presence.
Keywords: integrated risk management, RMIS, claims administration, policy administration, enterprise risk management, insurtech, risk analytics, claims management software, TPA software, underwriting solutions, business continuity, governance risk and compliance, predictive analytics, loss prevention, safety management, exposure data management, insurance technology, Aon eSolutions, Riskonnect, corporate insurance solutions