Ventiv Technology Introduces the Risk Technology Evolution Model, a Resource for Risk Managers

Ventiv Technology, Inc., a leading provider of technology business risk management solutions to the risk, insurance and safety management community, today introduced its proprietary Risk Technology Evolution Model, an online diagnostic tool designed to help risk managers optimize their use of technology.

CHICAGO April 22, 2015 – The model, unique to Ventiv, was developed based on the company’s more than 40 years of experience serving risk managers. It provides organizations with a practical understanding of their risk technology maturity through an assessment of their current management and technology practices, business priorities and future objectives. Importantly, the model generates an index called the R-IQ (Risk Information Quotient) and an analysis of an organization’s risk technology evolution level.

The R-IQ is presented as a score from 1 to 5 (full index at right). According to Angus Rhodes, one of the model’s developers, “the R-IQ can only be determined by assessing an organization’s full risk management position, including people and processes as well as systems and analytics.”

The term R-IQ is meant to emphasize the importance to risk managers of applying management and technology best practices to make more intelligent risk and insurance decisions, using technology to transform data into insights.

The term R-IQ is meant to emphasize the importance to risk managers of applying management and technology best practices to make more intelligent risk and insurance decisions, using technology to transform data into insights.

Ventiv invites attendees at the RIMS 2015 Annual Conference & Exhibition in New Orleans (April 26–29) to visit Ventiv Technology’s booth (#701) and complete the survey portion of the Model. Risk managers can register to take the Model at www.ventivtech.com/RIMS2015.