Global insurer, RSA has been announced as a new customer for a cloud-based Risk Assessment and Management solution from leading GRC cloud-computing company, Xactium.
Following a successful implementation with one of RSA’s largest clients accessed by 180 sites, Xactium will now assist RSA in implementing a market leading risk assessment and management system for its global customers.
Emerging as the preferred solution in a competitive bid, Xactium Risk and Audit Manager will be adopted initially by Global Consulting (GC), within the UK Group, to sustain a service utilising specialist expertise across a wide range of industries, to track and record Risk Management activities on a global basis and provide client portal services.
The FTSE 100 Company selected Xactium’s solution to enable better visibility and transparency of their client risk and audit activities. The solution is built on an award-winning cloud computing platform. It will support the remote capturing, collating and analysing of risk data and self assessment questionnaires, enabling RSA to gain a real-time view of their risk and self assessment activities.
Xactium’s Risk and Audit solution will be accessible from any location without installation, and uses the Internet to provide business users with secure access to risk information.
Giles Baxter, UK IS & Change Director at RSA, welcomed the agreement: “We are committed to delivering a modern risk assessment and management solution to our business, which should be achieved in a fraction of the time thanks to the agility of Xactium’s cloud-based solutions,” he said. “By delivering our risk assessment and management services in this way, we will be better equipped to proactively manage our critical risk and audit data, enabling us to get an immediate view of our clients' risk position.”
Dr Andy Evans, MD of Xactium, said: “We are delighted to assist RSA in delivering such an innovative solution to their global business. Using the flexibility and speed of the cloud and Xactium’s Risk and Compliance solutions, RSA can be assured that they are delivering a truly collaborative and customer-led risk service.”
With a 300 year heritage, RSA is one of the world’s top multinational quoted insurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Asia and the Middle East, Latin America and Central and Eastern Europe and has the capability to write business in over 130 countries. Focusing on general insurance, RSA has around 22,000 employees and, in 2010, its net written premiums were £7.5 billion
Within the UK, RSA is the second largest commercial lines insurer, covering the insurance and risk management needs of a significant number of FTSE 100 companies. It has a full multi-distribution capability, writing business through brokers and corporate partners, direct and online. RSA is also one of the UK’s top four personal motor and household insurers.
RSA was the first UK carbon neutral insurer. The company has cut its carbon footprint by half since 2000 and has offset the remainder by purchasing voluntary carbon reductions.