Hitachi Vantara is leveraging Risk Solved’s global risk management platform to bolster its
property risk management capabilities.

The joint proposition is designed to enable insurers to offer their customers a risk management service that uses the IoT, AI and ML to analyse information, predict and prevent claims.

Richard Thomas, chief strategy and partnerships officer at Risk Solved, said: "Hitachi Vantara brings unique value and experience as a global partner in financial services, with a deep understanding of technology across all industries including manufacturing. From a technology and manufacturing perspective, they are leading edge and understand what data is available for analysis. It was essential for Risk Solved to partner with a company [that] could ingest data in a consistent and fully GDPR-compliant manner from multiple devices and sensors, Hitachi delivers against this.”

“Strategic partnerships and collaborations like this can be powerful catalysts for change, this is an exciting move for both organisations to support insurers and their customers. Our joint proposition is cutting edge, we are anticipating that this will be a paradigm shift for the insurance market in risk prediction and prevention.”

Stewart Reeder, insurance development director, EMEA, at Hitachi Vantara added: “We are delighted that Risk Solved has joined the Hitachi Vantara Insurtech-as-a-Service ecosystem. The Risk Solved platform is both modern and proven, it has been adopted by forward-thinking capacity providers to deliver unique risk management services to their customers. This is an exciting partnership that will deliver a step change to the insurance industry.”

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