Case Study: RELX streamlines insurance renewals and improves data accuracy with Riskonnect

RELX streamlines 100+ annual insurance renewals with Riskonnect

RELX, a global provider of information-based analytics, faced a challenge in managing its complex insurance renewal process across 180 countries. Its small risk team was overburdened by relying on a rigid finance system to collect exposure data, which lacked oversight, customization, and consistent formatting for insurers. To gain control and ownership of the process, the company sought a solution from Riskonnect, a risk management information system (RMIS).

Riskonnect implemented its RMIS to centralize exposure data and streamline renewals. The solution provided tailored questionnaires, automated currency conversions, and validation rules to ensure data accuracy. As a result, RELX's renewal process became predictable and efficient, drastically reducing insurer queries. The Riskonnect platform provided the team with true ownership of the process, allowing them to shift focus from reconciling numbers to strategic placement and broker engagement.

RELX