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.
RiskWorks web applications improve the efficiency and productivity of resources by automating the administration of costly and time-consuming risk management, insurance, and trade finance processes. Its modules are: rm. Allocations (assess and allocate premiums and fees), rm.AutoID (manage and issue 50-state automobile ID cards), rm.Certificates (request, distribute and issue certificates of insurance), rm.Compliance (track insurance compliance and validate incoming certificates of insurance), rm.Contracts (standardize review, assessment, and approval of contracts), rm.Exposures (collect, verify and report exposure data and insurance values), rm.Incidents (capture and manage multiline incident and event information), rm.Policies (manage insurance policies and annual renewal exercises), rm.Reports (create custom reports and access on-demand process analytics), rm.RiskControl (manage surveys and track risk control recommendations), rm.TradeFinance (manage global contingent liability instruments and bank accounts).
Exigis Recent Developments
"EXIGIS Launched Specialized Exposure Data Management Software Suite for Public Sector. EXIGIS RiskWorksPS is the only multi-application cloud-based Risk Management Operating System developed specifically for the public sector to provide risk pools and independent self-insureds a central command-and-control platform to easily identify, process, monitor, and manage discreet risk and insurance data across the operation.
RiskWorksPS is configured with four core application modules, each focused on a specific function and each complementary to the next: - rm. Exposures streamline the collection, validation, and reporting of exposure data and insurance values; - rm. Policies centralize the management of insurance programs and policies; - rm. Documents provide flexible content and document management; - rm. Reports provide ad-hoc reporting capabilities and access to on-demand process analytics."
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
Ownership: - x
Number of Employees: 70
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 | 2020 | 2021 | 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Exigis Enterprise Applications Revenues By Functional Markets, $M:
Exigis Enterprise Applications Revenues By Verticals, $M:
Exigis Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 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: 75+
No. of Exigis Enterprise Applications Customers: 75+
No. of Exigis Cloud Customers: 75+
No. of Exigis Cloud Subscribers: 275000
EXIGIS provides an enterprise suite of risk, insurance, and trade solutions to over 75 customers, in 13 industry groups, comprising over 275,000 distinct users in 28 countries. Among EXIGIS customers are University of California, Foster Wheeler Inc., LSI Logic, TE Connectivity, and others.
Exigis Market Opportunities, M&A and Geo Expansions
In Octomber 2018, Exigis moved its corporate headquarters to New York, NY. The centrally located office places EXIGIS in the heart of Manhattan and positions the firm to better serve their growing list of customers.
Exigis Risks and Challenges
EXIGIS has carved out a niche in the risk management market for insurance data management. A typical customer like Whole Foods relies on EXIGIS to help validate proof of insurance for any supplier that wants to sell to the supermarket chain. Thusly EXIGIS becomes a critical link in the trading process for many verticals. Insurers also run EXIGIS to issue insurance cards to motorists in 50 states. The challenge is for EXIGIS to continue to raise the barriers of entry for others especially those involved in any electronic trading network that may want to supplant EXIGIS role through the aggregation and distribution of all kinds of trading-partner data.
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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