Case Study: Large Enterprise Insurance Company achieves rapid vendor onboarding (1+ week to 4+ hours) with Prevalent

Large Enterprise Insurance Company - Customer Case Study

Large Enterprise Insurance Company, a large insurance firm, was spending excessive time on manual vendor onboarding and risk assessments—relying on spreadsheets, lacking baseline visibility into new vendors, and taking more than a week to onboard each vendor. To address these challenges they adopted Prevalent’s vendor risk management solution to streamline intake, scoring, and continuous monitoring.

Prevalent implemented its vendor risk management process and continuous monitoring capabilities to provide inherent risk scoring and real-time cybersecurity, reputational, and financial intelligence. As a result, onboarding time fell from over one week to about 4+ hours, effort reviewing due diligence surveys was significantly reduced, assessment and remediation became faster and less complex, and the company reported major cost savings—enabling the Large Enterprise Insurance Company to perform vendor risk management more effectively.