Exigis Strengths, Domain Expertise, and Key Differentiators
EXIGIS is the provider of enterprise process automation software for risk management, insurance, and trade finance. Its mission is to provide high-impact solutions that mitigate risk, improve operational efficiency, and enhance enterprise decision-making.
RiskWorks is the industry's first and only multi-application Risk Management Operating System (RMOS). Each RiskWorks web application can be custom-configured to support the unique requirements of any project including integrating with existing third-party systems such as Oracle, SAP, PeopleSoft, JD Edward, etc.
Exigis Recent Developments
EXIGIS has recently launched RiskWorksPS, a specialized exposure data management software suite designed specifically for the public sector. This cloud-based Risk Management Operating System enables risk pools and independent self-insureds to easily identify, process, monitor, and manage discrete risk and insurance data across their operations. RiskWorksPS is configured with four core application modules, including rm. Exposures, rm. Policies, rm. Documents, and rm. Reports, each serving a specific function and complementing one another in providing a comprehensive risk management solution. The launch of this innovative software suite demonstrates EXIGIS's commitment to providing high-impact solutions that improve risk management efficiency and enhance enterprise decision-making.
Exigis Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Exigis applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Exigis and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified RiskWorks, RiskWorksPS customers.
Exigis Overview
1120 Avenue of the Americas, FL 4
New York, NY, 10036, United States
1 646-762-1500
https://www.exigis.com/
Ownership: - x
Number of Employees: 50
Functional Markets: TRM,
Key Verticals: Automotive, Banking and Financial Services, Construction, Real Estate, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Manufacturing, Professional Services, Retail, Transportation,
Exigis Key Enterprise and Cloud Applications
RiskWorks, RiskWorksPS
Exigis Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Exigis Revenue Breakdown By Type, $M:
Exigis Enterprise Applications Revenues By Functional Markets, $M:
Exigis Enterprise Applications Revenues By Verticals, $M:
Exigis Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Exigis Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Exigis Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Exigis Customers
No. of Exigis Customers: 125
No. of Exigis Enterprise Applications Customers: 125
No. of Exigis Cloud Customers: x
No. of Exigis Cloud Subscribers: 685000
EXIGIS serves over 75 customers across 13 industry groups in 28 countries, including notable names like University of California, TE Connectivity and others. One of its exemplary use cases is supporting Whole Foods in validating proof of insurance for their suppliers, making it a critical link in the trading process for various verticals. Additionally, insurers utilize EXIGIS to issue insurance cards to motorists across all 50 states, showcasing the wide-reaching impact of the company's solutions.
Exigis Market Opportunities, M&A and Geo Expansions
The market for cloud-based Risk Management Operating Systems is poised for exponential growth. As organizations increasingly recognize the benefits of combining machine learning with cloud computing for transformative changes, the cloud ML market is projected to reach $13 billion by 2025. EXIGIS can capitalize on this opportunity by expanding its offerings and leveraging AI/ML to provide cutting-edge risk management solutions to diverse industries, further solidifying its market position.
Furthermore, EXIGIS can explore opportunities for geographical expansion by targeting new regions and establishing partnerships with regional players to tap into previously untapped markets.
Exigis Risks and Challenges
EXIGIS faces challenges related to scaling their operations to meet growing demand, attracting and retaining top talent, and ensuring seamless integration of new technologies.
EXIGIS operates in a competitive market, and there is a possibility of new entrants offering similar risk management solutions. To stay ahead, EXIGIS must continuously innovate and raise barriers to entry through a combination of domain expertise, product differentiation, and strategic partnerships.
Entering new markets and expanding globally might present hurdles related to local regulations, cultural differences, and varying customer demands.
Exigis Ecosystem, Partners, Resellers and SI
Through successful partnerships with a diverse cross-section of Fortune class companies, leading public sector entities, and global insurance brokers, EXIGIS has established a reputation for high-impact solutions that mitigate risks, improve operational efficiency, and enhance enterprise decision-making. EXIGIS has offices only in USA. In addition to direct customer engagements, Exigis is the go-to partner for leading insurance brokers, consultants, and independent subject matter experts seeking coordinated, co-managed solutions for a specific client, project, or industry vertical.
Over the past decade, Exigis has developed successful partnerships with leading third-party experts including Arthur J.Gallagher Risk Services, Inc., Marsh USA, Inc., Willis Towers Watson, CSAC Excess Insurance Authority, Municipal Excess Liability Joint Insurance Fund, and Bauer Advising on over two dozen projects.
Exigis Cloud Infrastructure Insights
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- Exigis Public Cloud and Infrastructure (IaaS)
- Exigis Platform (PaaS)
- Exigis Application Delivery
- Exigis Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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