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Risktech is a broad term that encompasses any technology that is used to manage risk. This includes everything from data analytics tools to artificial intelligence-powered risk assessment models.

Integrating these Generative AI models into your business can bring about a significant shift in how you manage properties. They can help automate tasks, improve communication, and generate reports, all while providing excellent customer service. They could be your secret weapon in revolutionizing your property management business.

Proptech, short for property technology, is a broad term that encompasses any technology that is used to improve the real estate industry. This includes everything from online property listings to virtual tours to AI-powered home valuation tools.

Risk analysts can work in various industries, including finance, insurance, healthcare, energy, manufacturing, and government. They may be employed by organizations as part of their risk management team or work as consultants, providing risk analysis services to clients across multiple sectors.

The future of AI in commercial insurance looks promising. As AI technology continues to evolve, its applications in the insurance industry will become more sophisticated and widespread.

As a modern risk manager, you understand the importance of creating an effective risk management plan. But filling it out can be a challenge, especially when it comes to sourcing information, adhering to best practices, and saving time. In this blog post, we’ll walk you through the process of filling out your risk management plan to ensure that you not only impress your executive team but also add value to your organization. Let’s get started!

Compliance is a critical aspect of the construction industry, as it helps ensure that projects are completed safely, on time, and on budget. For construction companies, there are three main types of compliance that they need to be aware of: contract compliance, field compliance, and payment compliance.

Discover how ChatGPT, Google Bard and Generative AI might be changing the insurance landscape forever with insight from TrustLayer

Navigating the world of third-party risk management can be a daunting task, especially for modern risk managers juggling various responsibilities. But fear not, we’ve got you covered! In this help article, we’ll break down the process of managing third-party risk into simple, actionable steps that are both entertaining and informative. Let’s dive in and explore how you can safeguard your organization from potential threats posed by external partners.

Uncover the importance of third-party risk management and delve into the reasons why it is crucial for businesses to invest in a comprehensive TPRM strategy.

Dive into the world of third-party risk management and learn how to protect your organization from potential threats posed by external partners.

There are several types of software that companies use to manage compliance. These software solutions offer a variety of features and functionalities that help companies maintain compliance with various regulations and standards. Here are some of the most common types of software used for compliance management:

Gone are the days when risk professionals were shackled to their spreadsheets, manually sifting through endless rows and columns to identify, assess, and mitigate risks. The dawn of a new era in risk management has arrived – we call it “Post-Spreadsheet Risk Management.” This blog post will introduce you to this cutting-edge concept and explore how it is revolutionizing the way risk professionals work, making their jobs more efficient, accurate, and effective.

TrustLayer is a digital insurance verification platform that automates the process of verifying and tracking insurance coverage for businesses and their vendors, suppliers, and partners. By streamlining and enhancing the insurance verification process, TrustLayer can become a modern risk manager or risk analyst’s best friend for several reasons:

Third party risk management is a critical component of any organization’s security program. As organizations expand their operations, they may rely more on outside vendors to provide services that they cannot or do not wish to provide themselves. It is important to understand the risks associated with these third parties and take steps to mitigate them. Here are some do’s and don’ts when it comes to third party risk management.

Risk management has evolved dramatically in recent years, and modern risk managers are now equipped with a unique set of beliefs, tools, and strategies to help them succeed. In this blog post, we’ll explore the 10 core beliefs of the modern risk manager and discuss how they utilize these principles to effectively manage risks in today’s complex business environment.

Risk management has traditionally been seen as a cost center, with organizations investing in resources and tools to minimize potential losses. However, by embracing modern risk management practices, businesses can transform risk management into a profit center, leveraging risk intelligence to drive growth and uncover new opportunities. In this article, we’ll explore how cutting-edge risk management strategies can unlock value and contribute to the bottom line, making risk management a powerful asset in today’s competitive business environment.

In this episode, host Jason is joined by Anne Grubish, a Risk Manager at Kraus-Anderson. With over 12 years of experience at Kraus-Anderson and 30 in the field, Anne has a deep understanding of risk management strategies and has been instrumental in the development and implementation of effective risk management frameworks. Anne is renowned for her analytical skills, attention to detail, and ability to communicate complex information to stakeholders in a clear and concise manner.

What will keep you protected in case of an accident? “Additional Insured” or “Loss Payee” endorsement? Learn how they can be useful in your risk-transfer strategy and when to request them from third parties.

In this episode of Brick by Brick, Jason speaks with Katherine Minami, VP of Operations and Innovation at NFP. Together, they delve into the process of innovation and why she loves to build, dissect, and rebuild things. She also shares how much technology has changed the insurance industry, why you sometimes need to know when to hit the pause button, and why ‘change’ can be quite a scary word to some people!

In this episode of Risk Management: Brick by Brick, Jason speaks with Steve Dell’Orto, Founder and CEO of ConCntric, a company that transforms the fractured pre-construction environment by unifying processes and providing a dynamic view of the project.

Construction teams deal with risk on a daily basis and pay high insurance premiums. However, these high premiums can be reduced if construction teams employ systems that make working safer.

In this episode of Risk Management: Brick by Brick, Robert Barney joins Jason Reichl to discuss the contributions of technology during the early stages of the risk management process. The conversation centered around improving efficiency and winning more contracts.

For many businesses, insurance costs can be a major expense. And for those that have had problematic claims history in the past, the premiums can be especially high. But there is a way to help improve your overall risk profile and reduce your insurance costs: vendor risk management. In this article, we’ll explore what exactly vendor risk management is and how it can help businesses save money on their insurance costs while also improving their operations.

Business owners often forget how important it is to invest time and energy into providing their vendors with a good experience. While they may think of customer experience as being the most important part of scaling and growing their business, vendor experience should not be overlooked. Collecting Certificate of Insurance (COI) documents, compliance documents, and other forms can quickly become a pain point for both sides. It’s annoying to collect them and it’s annoying to provide them. Streamlining this experience can make your business stand out as one with a top-notch third-party experience–and ultimately, it will help you succeed as an organization.

Contractual risk transfer is an important concept for business owners to understand. It involves transferring risks from one party to another through a legally binding contract, and it can be used in a variety of ways to protect businesses from potential financial losses. In this blog post, we’ll take a closer look at contractual risk transfer and explain how it works, why it’s important, and how it can help protect your business.

The partnership integrates TrustLayer’s industry-leading insurance verification and Tarmika’s embedded insurance solution, Tunnel, to modernize the insurance verification process by providing a digital marketplace for additional coverage when a business discovers they lack sufficient insurance.

In the sixth episode of Risk Management: Brick by Brick, Jason Reichl welcomes Cory Mangum, Risk & Insurance Manager at Primoris Services, to discuss the narrative around risk management. The conversation covers a number of topics including the tenets of intelligent risk-taking, its potential impact, and the psychology behind human-made disasters.

On this episode of Risk Management: Brick by Brick, host Jason Reichl and Mark Reider, Head of Innovation at NFP, explore how organizations can successfully lead change and drive digital transformation in today’s fast-paced market. Topics addressed include how to facilitate innovation, customer-centricity, and data management.

On the fourth episode of Risk Management: Brick by Brick, host Jason Reichl and Christy McHenry, Director of Risk Management at Suffolk Construction, examine the human side of risk management as they discuss working relationships and partnerships, education, and communication.

In the third episode of Risk Management: Brick by Brick, host Jason Reichl talks with Diana Rich, Director of Risk Management at Foundation Building Materials. Foundation Building Materials (FBM) is a leading construction materials distributor focused on exceeding the expectations of the commercial construction and residential building trades. With over 280 locations across the United States and Canada, FBM has a significant geographic reach in most of the major building materials markets. Today, Diana discusses the importance of data science, the increasing prevalence of risk management, and proactive improvement to serve consumers better and generate revenue.

In this episode of Risk Management: Brick by Brick, Jason Reichl is joined by Matt Meyer, the Senior Vice President at The Horton Group, to discuss the importance of having a risk management program and the various elements that make it successful. As someone who has specialized in construction risk management at Horton for nearly ten years, Matt has ample experience and knowledge to share on the topic.

The partnership integrates TrustLayer’s industry-leading insurance verification and Tarmika’s embedded insurance solution, Tunnel, to modernize the insurance verification process by providing a digital marketplace for additional coverage when a business discovers they lack sufficient insurance.

In the first episode of Risk Management: Brick by Brick, Jason Reichl is joined by Seth Hausman, the Managing Director of Kraus-Anderson Risk Innovation. Seth stops by to discuss the links between the construction industry, the insurance industry, and the emerging technology used in risk management.

the sheer volume and manual management of COIs impacted the ability to scale business and offer clients a more efficient solution to a necessary task. In some cases it could take a business years to realize there’s even a problem to be addressed. Others implement a process or change before there’s a problem.

Something that worked 10 years ago when you were a 20 person team, or a 2 job operation, may not have aged well with your continued growth and expansion. Having to take on more responsibilities and inevitably, more risks, makes you realize that things need to change.

A digital tool can be used to automate and streamline your data collection process. With the right solution in place, organizations can shift to a more streamlined approach that can free up their time to make more strategic decisions moving forward.

There’s a major disconnect between legacy industry infrastructure and process and what consumers expect today. Creating an easy-to-use platform is a must for insurtechs in 2022 and beyond.

There’s a cost to hiring cheap vendors and suppliers. You may actually be putting your business and yourself at great personal and financial risk by choosing uninsured or under insured contractors for your job.

While organizations, business leaders and even government departments have initiated training and upskilling programs across the country in an effort to increase the skilled labor pool, there’s no quick fix for a generational worker shortage.

Construction teams deal with risk on a daily basis and pay high insurance premiums. However, these high premiums can be reduced if construction teams employ systems that make working safer.

Construction teams deal with risk on a daily basis and pay high insurance premiums. However, these high premiums can be reduced if construction teams employ systems that make working safer.

We partnered with Ryvit, an integration network for construction technology, to integrate with Viewpoint® VistaTM through Ryvit’s iPaaS – allowing TrustLayer’s construction users to sync subcontractor compliance data.

Here are some insights into the severity of the issue and best practices for staying on top of COIs.

Read about how integrated software can help construction teams close the communication gap between office and on-site staff.

As we reflect on the tremendous value women create, we’re would like to spotlight some intriguing profiles of our women leaders for being agents of change and using their voices to #breakthebias.

There is no overarching framework for managing third-party risks and insurance verification. This is why we combined a few tips on how to design a successful framework using User-Centric Communication.

Our CRO Jason Reichl joined the Insurtech Insider podcast, where they covered the reasons behind the massive data explosion, the blockers it currently faces, and they tried to predict what we might see in the future!

The number of construction defect lawsuits is on the rise. You can’t fully rely on your CGL insurance policy to be fully protected. Here are 5 CGL policy exclusions that you should be aware of.

The inability to easily subrogate a claim can cost insurance companies time and money. Explore how digital COI tracking can keep all the data you need easily accessible and ready for any new claim that arises.

How one of America’s largest insurance brokerage firms brings a new tech-forward solution to enable clients to better manage the administrative burden associated with proof of insurance verification.

Our Head of Sales Sharon Fox joined our partners at Kraus-Anderson Insurance, where they talked about how to improve third-party risk management and contractual risk transfer.

New technologies for risk management in the construction industry should accomplish two primary goals: better connect all parties and decrease manual labor for the review process.

Together, TrustLayer and Aclaimant are making it easier than ever for risk managers to perform their jobs more efficiently and effectively. This promises to be an exciting step for both companies as we create a modern risk management ecosystem.

We eliminate unnecessary back-and-forth on COI reviews. We automate the COI review process. We help reduce client claims.

Most brokers and insurance carriers hope their insureds verify COIs annually, but don’t have a formal process that guarantees it. Explore the 4 key challenges to the current COI verification process.

What actually goes on behind the scenes to put on the biggest spectacle on the planet? The number of parties involved is enormous. How do you make sure they’re properly covered?

How Assurex Global is helping their independent agents and brokers worldwide to better serve clients through automating the management of COIs…

What will keep you protected in case of an accident? “Additional Insured” or “Loss Payee” endorsement? Learn how they can be useful in your risk-transfer strategy and when to request them from third parties.

Our CEO John Fohr joined Ryan Hanley, where they talked about eliminating zero-value processes, how brokers adapt to new “added value” thinking, and how to…