What Origami Risk does

Origami Risk is a Chicago-based SaaS company founded in 2008 that operates a cloud-native, purpose-built platform for risk, safety, and insurance operations. Its product portfolio spans P&C insurance administration (policy, billing, claims), Risk Management Information Systems (RMIS) including TCOR Analytics and Insurance Program Management, Environment, Health & Safety (EHS), Governance, Risk & Compliance (GRC), and Healthcare risk solutions, all unified under a single platform architecture with shared workflow, AI, and data layers. The platform features a no-code drag-and-drop workflow engine, an AI-embedded admin portal, a mobile application for incident reporting, a developer-facing REST API, and an integration marketplace.

Underlying technology is centered on AI-embedded workflows with multiple modalities including natural language processing for document and email extraction, computer vision for image-based data capture, predictive analytics for total cost of risk, anomaly detection for fraud, and a launching autonomous concierge chat agent. The company has been recognized as the RMIS market leader for eight consecutive years by Redhand Advisors, named in the 2025 Gartner Magic Quadrant for GRC Tools and the Verdantix Green Quadrant for RMIS, and holds EU, Swiss, and UK data privacy framework certifications enabling international enterprise deployment.

Origami Risk operates an enterprise SaaS business model on annual subscription contracts with quote-based pricing (no publicly disclosed tiers). Its go-to-market is direct enterprise field sales with a "Request a demo" consultative motion, complemented by implementation partners such as Wikifri. The company serves carriers, MGAs, risk pools, TPAs, and large enterprises across insurance, construction, government, healthcare, manufacturing, transportation, and energy verticals, with named customers including DHL, ABM Industries, Boise Cascade, McCarthy Building Companies, Harford Mutual, Mission Underwriters, and Centrica. The company maintains offices in Chicago (HQ), Santo Domingo (technical center), and London, with 501-1000 employees and CEO Bob Petrie as founder and chairman.

Name

Origami Risk

Legal name

Origami Risk LLC

Website

https://origamirisk.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Origami Risk is a Chicago-based SaaS provider of a cloud-native platform for risk, safety, and insurance operations, serving carriers, MGAs, risk pools, TPAs, and large enterprises across P&C insurance, RMIS, EHS, GRC, and healthcare verticals via annual enterprise subscriptions.

Ownership category

akta.pro rank

Product category

Risk Management Information Systems (RMIS)

NAICS

Insurance Carriers (5241), Finance and Insurance (52)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Risk Modeling & Pricing Analytics (FSAOAIAA)

akta.pro secondary industries

Insider Threat Program Design & Risk Assessments (BPAKADAM), Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies) (HDAEANAE), IoT/Connected Risk Prevention & Parametric Triggers Platforms (FSAGAGAG), Fraud Risk & Financial Crime Controls Advisory (BPAKADAL)

Keywords

• Risk management software
• Insurance technology platform
• EHS compliance software
• GRC solutions
• Claims administration system

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscriptions: Subscription-based SaaS model with cloud-native platform access for risk, safety, and insurance management. Clients pay recurring fees for platform access, typically on annual contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Origami Risk provides a cloud-native SaaS platform that unifies risk management information systems (RMIS), P&C insurance administration (policy, billing, claims), environment, health and safety (EHS), governance, risk and compliance (GRC), healthcare risk, and integrated risk management on a single connected system. The platform embeds AI for data extraction, predictive analytics, natural language dashboards, workflow automation, and fraud detection to serve insurance carriers, MGAs, risk pools, TPAs, and large enterprises managing insurable risk.

Product overview

Origami Risk offers a cloud-native SaaS platform providing integrated solutions for P&C Insurance, Risk Management Information Systems (RMIS), Environment Health & Safety (EHS), Governance Risk & Compliance (GRC), Healthcare, and Integrated Risk Management (IRM). The platform features a unified architecture with configurable modules including Policy Administration, Billing, Claims Administration, TCOR Analytics, EHS Safety Management, and GRC solutions. Key platform capabilities include Origami Risk AI (NLP-powered data extraction, analytics, and chat assistant), Origami Mobile, Admin Portal, Reporting and Analytics, API Access, and the Origami Risk Marketplace. The product portfolio spans from core insurance administration (policy, billing, claims) to enterprise risk management, with AI-powered enhancements for workflow automation, fraud detection, and predictive analytics.

Differentiator

Problem solved

Functional benefit

Brands

• Origami Risk AI: AI tools to boost speed, insight, and impact for risk, safety, and insurance workflows.
• Origami Mobile
• Origami Admin Portal
• TCOR AI Analytics
• Origami Risk Marketplace

Products and services

• Origami Risk Platform

Quantifiable outcome

• 84% reduction in TCOR calculation time
• +3 more outcomes

Named customers11 records

Segments9 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability12 records

Feature12 records

Partnerships

One partnership is on record.

• WikifricoreImplementation/ SI/ Consulting Partner · 24 June 2026Wikifri is an insurance consulting firm and Origami Risk implementation partner with over 28 years of experience. The firm supported Way Specialty through go-live as part of the overall solution delivery, helping organizations navigate complexities of insurance industry implementation. Wikifri specializes in consulting, technology solutions, and implementation services for insurers, MGAs and others throughout the insurance value chain.

Scale indicators3 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Riskonnect: Riskonnect is the most direct competitor to Origami Risk in the RMIS market, offering risk management, claims, safety, and insurance software on a unified cloud platform. Both vendors target insurance carriers, MGAs, and large enterprises with configurable workflow automation and analytics.
• Duck Creek Technologies: Duck Creek provides cloud-native core systems for P&C insurers, including policy administration, billing, and claims. It directly competes with Origami Risk's insurance suite for carrier and MGA customers seeking modern policy and claims platforms.

Broad incumbents

• ServiceNow Integrated Risk Management (IRM): ServiceNow's IRM and GRC offerings compete with Origami Risk's GRC and integrated risk management modules, particularly in large enterprises already standardized on ServiceNow. Bundling GRC into broader enterprise platform deals makes ServiceNow a formidable incumbent.
• Wolters Kluwer TeamMate: Wolters Kluwer offers enterprise GRC and audit solutions through its TeamMate and Enablon lines, competing with Origami Risk's GRC and EHS modules. Broad incumbent with deeper regulated-industry content libraries.
• Enablon (Wolters Kluwer): Enablon is a leading EHS and operational risk management platform under Wolters Kluwer, directly competing with Origami Risk's EHS suite for large enterprise and industrial customers.
• SAP GRC: SAP's GRC and risk management offerings compete with Origami Risk's GRC solutions, particularly in large SAP-installed-base enterprises seeking integrated compliance and audit functionality.
• IBM OpenPages with Watson: IBM OpenPages is an enterprise GRC platform with AI capabilities, competing with Origami Risk's GRC and AI Risk/Control Explorer offerings. Targets large financial institutions and regulated enterprises.

Emerging players

• OneTrust: OneTrust's GRC and risk management solutions compete with Origami Risk's GRC modules, especially for compliance, third-party risk, and policy management use cases. Strong in privacy-driven GRC buying centers.
• Workiva: Workiva provides connected risk and compliance reporting, competing with Origami Risk's GRC reporting and analytics modules. Strong overlap in risk reporting, internal audit, and ESG/GRC workflows for mid-market and enterprise customers.
• Diligent (Galvanize/ACL): Diligent's GRC platform (formerly Galvanize and ACL) directly competes with Origami Risk's GRC suite in internal audit, compliance, and enterprise risk management. Both target highly regulated, enterprise buyers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Customer concentration

• Xx.com/origamirisk
• Facebookfacebook.com/origamirisk
• LinkedInlinkedin.com/company/origami-risk

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Origami Risk