News

Origami Risk’s Earne Bentley Named a 2018 Breakout Award Winner by Business Insurance

CHICAGO, April 16, 2018— Business Insurance (BI) recently named Earne Bentley, Origami Risk Executive Director Sales, a 2018 Breakout Award winner. The award program honors 40 top professionals serving across the commercial insurance sector who have demonstrated leadership in the industry. BI notes, “The awards program, which was introduced last year to succeed the 40 Under 40 Broker Awards, recognizes the next generation of insurance industry leaders.”

Bentley began his career managing RMIS implementations for large healthcare organizations and has since been serving the risk and insurance technology needs of numerous corporations, insurance companies, TPAs, risk pools and government agencies, from the local to federal level, for over a decade.

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Origami Risk Named #1 Company To Work For in Chicago Overall, Top Midsize Company

CHICAGO, April 16, 2018—Origami Risk, the preeminent risk and insurance technology platform serving all members of the risk management community, was recently ranked #1 Overall and #1 Midsize Company in Crain’s 100 Best Places to Work in Chicago.

In the 10th anniversary of the awards, Crain’s partnered with Best Companies Group and surveyed 8,800 employees at Chicago-based companies to find the top places to work and announced the winners last week. This survey and awards program is designed to identify, recognize, and honor the 100 best companies to work for in Chicago read more

Origami Risk Receives Growth Investment from Spectrum Equity

Chicago, IL – March 19, 2018 – Origami Risk, the industry leading risk and insurance Software as a Service (SaaS) technology firm, announced today that it has received an investment from Spectrum Equity, a leading growth equity firm. Representing a minority position, this is the first institutional capital in the company, which will facilitate access to additional insights and resources, as well as the ability to selectively pursue accretive acquisitions.

Origami Risk has grown to become the preeminent risk and insurance technology platform serving all members of the risk management community from insured corporate and public entities, to insurance carriers, brokers, TPA’s and risk consultants. The company provides an integrated platform of products including RMIS, GRC, Claims, Safety, Analytics, Underwriting and Data Tools. Origami Risk has the most experienced team in the RMIS industry, ensuring that client service and success is the central focus of each engagement. The company is led by CEO and Co-Founder Robert Petrie, who is an industry veteran and thought leader with over 20 years of operating experience. read more

Origami Risk again named among Best and Brightest® Companies to Work For in the Nation

CHICAGO, Jan. 18, 2018—Origami Risk, the industry leading risk and insurance Software as a Service (SaaS) technology firm, was recently named one of the Best and Brightest® Companies To Work For in the Nation by the National Association for Business Resources (NABR). This was the fourth award Origami Risk received in 2017 for being an outstanding place to work that is committed to employee and client satisfaction and job creation.

NABR announced in December that Origami Risk was selected from a pool of more than 2,000 applicants across the country for the nation’s premier awards competition.The 2017 national winning companies were assessed by an independent research firm which reviewed a number of key measures relative to other nationally recognized winners. read more

ORIGAMI RISK RECEIVES HIGH SCORES AMONG COMPETITORS IN THE INDUSTRY’S MOST COMPREHENSIVE 3RD PARTY INDEPENDENT REPORT

Origami Risk Sees High Marks For Customer Experience, Implementation Experience, System-Wide Functionality and System Attributes

Origami Risk has received high scores among the top providers of stand-alone risk management information systems (RMIS) in the 2018 RMIS Report, a comprehensive assessment of the RMIS market and vendors that was conducted by an independent third party. The RMIS Report was formerly called the RMIS Review, where Origami Risk was ranked #1 the previous 4 years. The study combined responses from over 1,100 risk managers and executives at businesses and other entities that use risk management information systems along with a journalistic investigation of more than 30 RMIS providers.

Origami Risk significantly outranked the closest competitors in Customer Experience and Implementation Experience. It also received the highest scores for System-Wide Functionality and System Attributes, pointing to the breadth of Origami’s capabilities.

In terms of system capabilities and solutions offered, Origami Risk was rated the most comprehensive system and was the only provider to offer all 17 of the solutions indicated, including Captive/Pool Mgmt., Underwriting, ERM, GRC and Healthcare RMIS. Origami was also noted by the User Survey as the provider with the strongest ability to deliver.

Origami Risk’s singular focus on its customers’ business objectives and outcomes is illustrated by a Net Promoter Score (NPS) outranking the top competitors by a considerable margin. NPS is a prominent customer satisfaction metric that indicates whether users would recommend Origami Risk to colleagues in the industry. read more

Noteworthy changes in ERM

This is an update pertaining to changes that are happening in the Enterprise Risk Management (ERM – note: GRC or Governance, Risk and Compliance is a common synonym) system. Origami Risk is providing enhancements in response to client and prospect requests, as well as some major evolution in ERM as it is perceived by many of the stakeholders.

What is driving change and interest in ERM?

Two key changes in 2017 are:

  • COSO ERM 2017 Revision: Published mid October, this update is primarily aimed at Internal Auditors, however, because of their often strong position at very high levels in many organizations, this framework is often better known than ISO 31000, especially, but not exclusively in USA.  This update makes a much clearer connection between Objectives of an organization and the risks and their related controls.
  • ISO 31000 2017 revision: Due to be published early 2018, this ERM framework has been extensively adopted globally and provides a realistic approach to the way any form of organization manages risks.

These two prime drivers of ERM are now more closely aligned.

What can you expect? read more

Origami Risk CEO Included in BI Risk Management Article

Bob Petrie, president and CEO of Origami Risk, offers insights about the transformation of risk management in Business Insurance’s 50th Anniversary Special Edition. The article, “Risk management transformed” traces the evolution of the risk management discipline and outlines how technology has helped power those changes.

The article is available online by clicking here.

Business Insurance 50th Anniversary Special Edition

Origami Risk client named Business Insurance Woman to Watch

Lisa V. Kerr, vice president, Risk Management at Henry Schein, Inc., was announced as a 2017 recipient of “Women to Watch” award from Business Insurance magazine and the Claims and Litigation Management Alliance. This award is presented to 30 honorees that represent “women leaders doing outstanding work in risk management and commercial insurance”.

Ms. Kerr, who has used Origami Risk for over 4 years, was Henry Schein, Inc.’s first full-time risk manager and recently participated in the RIMS “Young Risk Practitioners Mentoring Session”. Origami Risk celebrates the recognition of her talents and is pleased to support her innovative work leading projects that automated workflows for values reporting, policy renewal intakes, incident entry management and monthly report and dashboard distributions.

For more information on the “Women to Watch” honorees, click here.

Compass Group Uses Origami Risk to Track Impact of Hurricanes Harvey & Irma

Compass Group USA risk management team acts quickly to collect business interruption and property damage details using audit and workflow tools in Origami Risk. 

In a recent interview, Origami Risk CEO Bob Petrie was asked for his thoughts on the evolution of the RMIS marketplace over the past five years. Petrie cited two factors as key drivers of change in the RMIS market. The first, rapid advances in technology, has allowed RMIS vendors to provide new tools that gives users the ability to “quickly and easily integrate data” and “make full use of mobile technology”. The second driver is an increased focus on risk mitigation. While claims management features have always been a central RMIS systems component, it’s this change that has spurred the development of adaptable “tools to help manage pre-loss processes and streamline workflows, as well as to collect and disseminate critical data.”

The way in which Compass Group USA—a leading foodservice and support services provider with over 200,000 employees—is using Origami Risk in the days and weeks following Hurricanes Harvey and Irma, has served as an example of an innovative and timely use of these tools.

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Origami Risk GRC Solution Cited for Flexibility & Automated Workflows

Origami Risk's GRC solutions win award

In its August 2017 Governance, Risk and Compliance Special, CIO Applications lists Origami Risk as a Top 25 GRC Technology Provider. Origami Risk’s configurable GRC solution allows organizations to identify and categorize risk, assess potential impact, track the effectiveness of designated controls, and effectively report on program performance.

The article states that the flexibility of Origami Risk core GRC elements–risks, controls and other risk-related records–is “critical to the success of a GRC technology.”

The ability to drive efficiencies through use of a single repository for all organizational risk data and the incorporation of automated workflow tools was also noted. “With risk-related data stored in a single system, Origami Risk’s automated workflow tools — that include the generation of tasks and transmission of email notifications — can be configured to streamline the processes of defining risk, implementing controls and assessing the efficacy of controls.”

To download the article click here.