Reduce third-party vendor risk and simplify compliance reporting
Insurance companies are top-tier targets for cyber criminals because of their access to protected health information (PHI), personally identifiable information (PII), and financial information. However, recent breaches and ransomware incidents have shown that insurance companies not only need to be concerned with direct attacks, but also must understand the risks facing third-parties with access to their systems or data.
Complicating third-party risk management for insurance companies is meeting the requirements of multiple regulatory mandates and guidelines – such as HIPAA and CCPA – with each requiring controls over third-party access.
Prevalent automates third-party risk assessments, incorporating the latest real-time cyber, data privacy, business and financial insights to equip security and risk teams with the visibility they need to reduce risk and meet compliance requirements.
How Prevalent Helps Financial Services Organizations
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Automates the collection and analysis of third-party due diligence, helping teams to instead focus on risk management
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Unifies third-party risk management with enterprise risk management and data privacy, helping to simplify compliance
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Simplifies compliance audits, providing pre-built questionnaires and reports to satisfy multiple stakeholders
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Transforms third-party risk management from a static, point-in-time project to a continuous program leveraging real-time cyber, reputational and financial insights
Trusted by Leading Insurance
Providers
Características principales
Supplier Pre-Screening
Rapidly pre-screen vendors using a library of continuously updated risk profiles based on inherent/residual risk, assessment results and real-time reputational monitoring.
Comprehensive Supplier Profile
Tap into 550,000+ sources of vendor intelligence to build a comprehensive supplier profile that includes industry and business insights, beneficial ownership, and maps potentially risky 4th-party relationships.
Calificación del riesgo inherente
Use a simple assessment with clear scoring to track and quantify inherent risks and chart the right path for a complete third-party risk assessment.
Risk Assessment Library
Leverage Prevalent’s library of 200+ questionnaire templates, including for HIPAA, CCPS, and more, to determine adherence to policies and flag potential areas of concern.
Risk Review & Analysis
Review and approve assessment responses to automatically register risks, or reject responses and request additional input.
Asesor virtual de riesgos de terceros
Aproveche una IA conversacional entrenada en miles de millones de eventos y más de 20 años de experiencia para ofrecer conocimientos expertos en gestión de riesgos en el contexto de directrices del sector como NIST, ISO, SOC 2 y otras.
Supplier Reputation Monitoring
Access qualitative insights from over 550,000 public and private sources of reputational information, including negative news, regulatory and legal actions, adverse media, conflicts of interest and more.
Financial Governance & Transparency Monitoring
Tap into financial information from a network of millions of businesses across 160+ countries. Access 5 years of organizational changes and financial performance, including turnover, profit and loss, shareholder funds transparency, and more.
Registro central de riesgos
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.
Orientación integrada para la remediación
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Gestión de documentos y pruebas
Store and manage policy documents, evidence and more for dialog and attestation.
Informes de riesgo
Identify, alert and communicate exceptions to common behavior with built-in report templates.
Informes de cumplimiento
Visualize and address compliance requirements by automatically mapping assessment results to requirements.
Quién gana
Adquisiciones
Centrally manage vendors and monitor their performance against contractually established SLAs and KPIs using a customizable survey with built-in workflows.
Seguridad informática
Get unparalleled insights into risk trends, status and outliers with the latest machine learning analytics, leveraging from the most risk intelligence sources available.
Gestión de riesgos
See which vendors pose the most risks and in what areas, helping to align your overall enterprise risk management strategy.
