Smarter Risk provides a self-serve software platform that helps businesses identify, communicate, and improve insurable risks. The platform offers tools and resources to streamline risk management processes, enabling users to actively manage their risk profiles and enhance enterprise operations.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional risk assessment and safety program implementation are often time-consuming, expensive, and require specialized training, making them inaccessible for many small businesses and difficult for insurance providers and agencies to deploy frequently. This leads to increased claims, higher insurance premiums, and limited options for businesses in manual labor industries.
Solution
Smarter Risk provides a self-serve, mobile-friendly software platform that enables businesses, insurance carriers, and agencies to quickly assess and improve insurable risks. The platform streamlines risk management processes through automated self-assessments, digital policy builders, and a library of expert-approved safety forms. By simplifying risk control, Smarter Risk helps businesses proactively manage their risk profiles, prevent claims, and qualify for more competitive insurance rates, while also enabling insurance providers and agencies to enhance underwriting accuracy and improve client engagement.
Target Audience
The primary target audience includes small businesses in manual labor industries (shops, warehouses, light manufacturing, contractors, restaurants, hotels), insurance companies underwriting small commercial accounts, and insurance agencies seeking to offer cost-effective risk management solutions to their clients.
Features
- Rapid risk assessments completed in minutes, offering a customized risk score and actionable recommendations
- Digital policy builder and forms library with over 150 expert-approved safety forms for easy program implementation
- Dynamic risk reports and risk improvement plans accessible through a centralized dashboard
- Real-time updates on risk score as recommendations are completed, allowing for progress tracking
- Shareable risk reports for improved communication with insurance partners
- Integration capabilities for pre-bind, post-bind, and renewal processes
- Cloud-based platform accessible on any device without requiring downloads
- Automated tools to create safety and risk control programs with a few clicks