What We Do
The Problem: Insurance hasn’t evolved in decades breeding bloated systems glorifying coverage while making empty promises failing to stand behind claims moreover pulling nerves of policyholders when most vulnerable and when coverage is needed most. An incessant tug of war between insureds and insurers reinforces feedback loops where growing distrust and lack of fair representation results in non-equitable outcomes and growing costs to provide protection when needed and when insureds are most vulnerable rendering coverage obsolete and destroying risk consciousness. Of larger consequence, society bares the increasing costs from moral hazards as opportunities for profit grow from a system which encourages ineffective market mechanisms. Coverage not granted equitably and without requiring a fight by insureds who have been loyal and paid their premiums by insurance carriers who are increasingly profit driven as opposed to policyholder driven. In an insurance company you expect a partner and aid, not overly regulated entities that have become bureaucratic pigs aiming for profit while minimizing their obligations with unfair practices unto their insureds creating loss of trust and ultimate destruction to the industry which should instead be focused on helping with resiliency and trust in a system it’s been entrusted to protect.
Founded as a business risk and advisory firm, R8RISK is a global partner enabling businesses and individuals seeking to become more resilient. We take a modern, practical approach. Our primary objective is to develop a form of consultancy that better suits the characteristics and real needs of companies. We pursue with great pragmatism the ultimate goal of assisting clients in attaining tangible results.
R8RISK is ready at every stage of a business’s life cycle, assisting companies of any size or field of operation. Whether it’s a start-up or a company leading the field in its market, we provide targeted, professional consultancy services focused on attaining tangible objectives as agreed to with our clients and partners. We’re also building out solutions to add further value for non-core operations to facilitate businesses in moving forward with greater certainty and access to needed resources without adding layers of complexity.
As a technology first company growing in an increasingly connected world, we are focused on delivering innovative and connected services to businesses and individuals. R8RISK offers a comprehensive suite of services designed to assist clients across their business – we are ready to stand by your side during unexpected events to assist and help you with being proactive. R8RISK believes risk is an integral part of any individual or organization and ought to be managed holistically and in continuous fashion.
Risks are an inevitable part of business, the success of your organization depends on your ability to manage and respond to risks properly. We must take risks to grow and develop our business while effectively managing risks in order to help ourselves achieve resiliency. Effectively managed risks help societies achieve resiliency and lessened interruption and uncertainty while taking lessons learned from incurred losses as learning opportunities to further reduce the unnecessary disruption and cost of loss from future events.
In a fast paced world where risks and hazards evolve quickly we must take measure to ensure we minimize threats and maximize their potential to realize the least negative return from risks that we face. Risk Management involves understanding, analyzing, and addressing risk to make sure an organization can achieve their objectives. Our goal is to help individuals and organizations integrate Risk Management into their lives through a lightweight, inter-connected, and easy to use system designed to manage risks and extend networks to facilitate recovery after any incident.
Risk is inherent in everything we do, individuals as well as actors in organizations should be mindful of risk, in how we deal with risk and how we respond to it respectively.
Insurance hasn’t evolved for decades resulting in bloated systems glorifying coverage while making empty promises in failing to stand behind claims and worse pulling nerves of policyholders when they are most vulnerable. An incessant tug of war between insurers and insureds reinforces feedback loops where a growing distrust and lack of fair representation results in non equitable outcomes and growing costs to provide protection for people when they're most vulnerable. Of larger consequence, society bares the cost of moral hazards as opportunities for profit grow from a system that encourages ineffective market mechanisms. Coverage not granted equitably or without requiring a fight by insureds who have been loyal and paid their premiums by insurance carriers who are increasingly profit driven as opposed to policyholder driven. In an insurance company you expect a partner, not overly regulated entities that have become bureaucratic pigs aiming for profit while minimizing their obligations in unfair practices unto their insureds creating loss of trust and ultimate destruction in the industry which should instead be focused on helping with resiliency and trust in a system it's entrusted to protect.
Beyond our consulting engagements, our objective is developing solutions enabling organizations and individuals to manage and help protect risks ultimately creating resilient societies. Our goal is to allow organizations and individuals not only to participate in the Risk Management process, but also provide tools and solutions that provide responsive and actionable feedback leveraging their data to help better manage their risk portfolio.
Our mission is to develop a UI friendly web platform that helps people manage, monitor, finance, and transfer risks simply. We aim to enable monitoring risk portfolios holistically and dynamically. As our platform grows we aim to use data collected and insights gleaned from the Risk Management process to build, provide, and support our clients and partners with valuable data and risk reduction tools such as checklists, SOP’s, inferences, etc. as well as opportunities for individuals to be a stronger and more well protected partner of ours.
Unlike your traditional for-profit insurance carrier, our objective is to act as a partner and help facilitate your success in the realm of Risk Management. We are also working to incorporate and embed supply chain systems to help speed risk placement, recovery time, and track expenses ensuring that your risk capital is protected and growing whilst enabling greater degrees of protection without unnecessary intervention and uncertainty.
We believe with appropriate Risk Management, an organization or individual can make better decisions and take actions to help build and improve their organization as well as prioritize its needs without the toll of unexpected losses and claims which can easily wipe out a business.