Case Study: Global 500 Insurance Company achieves faster assessments and automated third-party risk management with Prevalent

Global 500 Insurance Company - Customer Case Study

Global 500 Insurance Company faced a high operational burden in assessing and evaluating vendors and lacked automation for collecting and analyzing vendor surveys and sharing completed assessments and evidence. To address these gaps they selected Prevalent’s third‑party risk management solution after evaluating several alternatives.

Prevalent implemented automated assessment scheduling and chasing, an automated risk and compliance register, in‑solution supplier communication, relationship visualization and a consolidated user dashboard. As a result, the Global 500 Insurance Company reported many Prevalent capabilities as differentiated or very differentiated and reduced average assessment time from 3–4 weeks to 2–3 weeks, improving visibility and speeding risk remediation.