Case Study: a global insurance company enhances vendor risk prioritization with Supply Wisdom

Global Insurance Company Enhances Risk Prioritization with Real-Time Intelligence

A global insurance company faced significant challenges in its Third-Party Risk Management (TPRM) program, struggling with inefficient, resource-intensive vendor risk assessments. The team was overwhelmed by alert fatigue from multiple sources and had difficulty focusing on the vendors that posed the greatest threat. To address this, they turned to Supply Wisdom for its real-time, location-specific intelligence.

Supply Wisdom provided the solution by integrating its real-time risk intelligence and actionable alerts into the company's processes. This enabled the team to confidently triage vendors and streamline response efforts. The results included risk data delivered in real time, a greater focus on the highest-risk vendors, and the development of more consumable and trackable alerts, leading to measurable efficiencies and enhanced confidence in their data.