Riskonnect agrees to acquire Marsh ClearSight

Integrated risk management provider Riskonnect has agreed to acquire Marsh ClearSight, a risk, safety and claims software and service division of Marsh.

Following the close of the deal, Riskonnect will expand its offering by providing customers with an end-to-end technology suite to manage and control risk. Together the companies will offer more choices and an expanded global footprint of over 900 customers.

As part of the transaction, Riskonnect will continue to serve customers of Marsh by providing them with risk management advice and insurance solutions.

Riskonnect offers a growing suite of solutions on a cloud-computing model, enabling organisations to anticipate and manage strategic and operational risks across the enterprise. Its IRM solutions include audit management, compliance and regulatory management, health and safety management, and vendor risk management, among others.

Marsh president, global risk & digital John Drzik said, “By combining ClearSight with Riskonnect, clients will have access to a single provider for all of their integrated risk management software needs and can expect more frequent upgrades to keep pace with the evolving risk landscape.

“We believe this expanded and more integrated set of software solutions, together with Marsh’s market-leading capabilities in risk advisory and insurance placement, are a win-win for our clients.”

Earlier in the year, Riskonnect expanded its Integrated Risk Management and GRC platform through the purchase of Aruvio. The acquisition was made to support it with expanding its offering and helping enterprises ‘navigate today’s increasingly complex regulatory environment.’

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