Rosetta Risk Management is a platform that aggregates construction risk performance data from various project management systems, enhancing transparency and predictability for insurers, brokers, and contractors. By unifying risk data, it enables stakeholders to make informed decisions, improving loss ratios and optimizing risk transfer in the construction insurance sector.
Funding
$380K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The construction industry faces challenges in accurately assessing and managing risks due to fragmented data sources and a lack of transparency in project performance. This can lead to increased insurance premiums, difficulty in securing coverage, and potential financial losses for insurers, brokers, contractors, developers, and lenders.
Solution
Rosetta Risk Management (RRM) offers a SaaS platform that aggregates construction risk performance data from various project management systems, providing a unified view of risk across the construction lifecycle. By collating, translating, and presenting risk performance data in a single platform, RRM delivers clarity on a project-by-project basis and for entire portfolios. This enables stakeholders to make better-informed decisions, improve risk transfer, and ultimately reduce insurance premiums. RRM's approach leverages the increasing digitization of the built environment, integrating with existing construction technology ecosystems to improve risk selection, predict potential issues, and streamline the claims process. As a Managing General Agent (MGA), RRM is uniquely positioned to leverage customer data for better insurance outcomes, particularly for Modern Methods of Construction (MMC) and Mass Timber (MT) projects.
Target Audience
RRM's primary customers include insurers, brokers, contractors, developers, and lenders involved in construction projects, particularly those focused on Modern Methods of Construction (MMC) and Mass Timber (MT).
Features
- Aggregates construction risk performance data from various project management platforms
- Provides a unified view of risk across the construction lifecycle
- Facilitates data-driven decision-making for insurers, brokers, contractors, developers, and lenders
- Integrates with existing construction technology ecosystems via API
- Supports enhanced underwriting approaches for MMC and Mass Timber projects
- Enables real-time risk monitoring and prediction of potential issues
- Streamlines the claims process through data-driven insights
- Facilitates a pre-construction path to the first year’s property insurance for Mass Timber projects by leveraging the Golden Thread principles