ClearRisk
ClearRisk is a Canadian cloud-based RMIS vendor founded in 2006 that sells modular claims, incident, asset, and risk management software to mid-market municipalities, property management firms, and insurance pools across North America as an affordable alternative to enterprise systems.
- Company typePrivate
- Founded2006
- HeadquartersSt. John's, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What ClearRisk does
ClearRisk is a Canadian cloud-based software company headquartered in St. John's, Newfoundland that develops a Risk Management Information System (RMIS) platform for organizations that lack budgets for enterprise-scale risk management technology. Founded in 2006 by Craig Rowe, a former Municipal Risk Manager for the City of St. John's, the company sells modular SaaS to mid-market municipalities, property management firms, and insurance pools across North America, with an explicit positioning as a cost-effective alternative to enterprise RMIS systems. The platform comprises six integrated modules — claims management, incident management, asset management (including fleet and COPE data), insurance certificate management, risk registers with heat maps, and configurable data intake webforms — built on a shared cloud database that enables cross-module data flow, bidirectional integrations with TPAs, insurers, accounting, HR, and payroll systems, and mobile-friendly incident capture. ClearRisk generates revenue through annual SaaS subscriptions priced per organization with modular add-ons, distributed through direct enterprise sales (the website's primary "Request a Demo" conversion path) supplemented by channel partnerships with Intact Public Entities and the Association of Municipalities of Ontario. The company reports 350+ customer organizations across North America, including City of Mississauga, City of Saint John, Metro Inc., The Keg, Ivanhoe Cambridge, Oxford Properties, and the Government of Nunavut, and is led by a small executive team of risk, insurance, and SaaS product veterans (11–50 employees total). ClearRisk is B Corp certified (May 2023) and ranked #1 in Customer Support and tied for #1 in Incident Management in the 2026 Redhand Advisors RMIS Report.
ClearRisk firmographics
Firmographics- Name
- ClearRisk
- Legal name
- ClearRisk Inc.
- Website
- https://clearrisk.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ClearRisk is a Canadian cloud-based RMIS vendor founded in 2006 that sells modular claims, incident, asset, and risk management software to mid-market municipalities, property management firms, and insurance pools across North America as an affordable alternative to enterprise systems.
- Ownership category
- akta.pro rank
Where ClearRisk is headquartered
LocationHeadquarters
- HQ city
- St. John's
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
ClearRisk business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- SaaS Subscription: Cloud-based software-as-a-service subscription model. Pricing scales with organization size. Part of a group of core modules within the ClearRisk platform. No enterprise price tag positioning.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Core Platform Modules |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
ClearRisk product offering
Product offeringCore offering
ClearRisk develops and sells a cloud-based Risk Management Information System (RMIS) software platform that digitizes and centralizes the management of claims, incidents, assets, insurance certificates, and risk registers for organizations across North America. The platform is positioned as a user-friendly, cost-effective alternative to enterprise-scale RMIS systems, with modular deployment options and built-in integrations to TPAs, insurers, accounting, HR, and payroll systems.
Product overview
ClearRisk offers a unified cloud-based Risk Management Information System (RMIS) platform consisting of six integrated modules: Claims Management Software, Incident Management Software, Asset Management Software, Insurance Certificate Management, Risk Management (with heat maps and risk registers), and Data Intake Webforms. All modules share a centralized database enabling data to flow across the platform. Organizations can deploy the entire suite or select individual modules depending on their risk management needs. Pricing scales with organization size, and customers report up to 95% reduction in time saved and up to 50% reduction in total cost of risk.
Differentiator
Problem solved
Functional benefit
Products and services
- Claims Management Software Cloud-based claims management system that digitizes and organizes the entire lifecycle of a claim for risk managers and senior management, featuring mobile-friendly incident reporting, automated workflows, TPA integration, email integration, centralized data management, and custom reporting and analytics for claims processing and cost control.
- Incident Management Software Mobile-friendly incident management system that digitizes and organizes the entire lifecycle of an incident for risk teams, enabling real-time incident capture, task assignment, investigation tracking, automated notifications, and analytics for identifying trends and reducing incident frequency.
- Asset Management Software Comprehensive asset management solution for tracking real property, vehicle fleets, inventories, and contractor equipment, including predictive scheduling, maintenance management, parts and warranty tracking, vendor management, document management, and COPE data collection and reporting.
- Insurance Certificate Management Centralized insurance certificate tracking solution providing complete visibility into Certificate of Insurance (COI) status, with automated renewal reminders, contract management, vendor assignment, analytics dashboards, and integration with data intake tools for automated certificate processing.
- Risk Management (Risk Registers and Heat Maps) Risk management module that enables organizations to build risk management plans including heat maps and risk registers, supporting risk identification, mitigation strategy planning, risk registers with probability and impact documentation, and visual risk prioritization.
- Data Intake Webform Automated data intake webform solution for claim and incident intake, featuring configurable webforms with conditional logic, file attachment support, email notifications, and automatic record creation in the ClearRisk database; can be embedded on websites or shared via web-based links.
- ClearRisk Insights Risk management insights and analytics product offering that provides ClearRisk customers with analytical views on top of the platform's centralized risk and claims data.
Quantifiable outcome
- Up to 95% reduction in time spent on manual tasks and lower-yield activities
- +7 more outcomes
Companies that use ClearRisk
Customer profileNamed customers29 records
Segments5 records
Ideal customer profiles3 records
ClearRisk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature7 records
ClearRisk partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Intact Public Entities (IPE)coreIntact Public Entities partners with ClearRisk to bring automated risk management solutions to Ontario municipalities. IPE's municipal clients are eligible to receive a discount to help cover first-year start-up costs. Partnership supports IPE's comprehensive risk management program and helps municipalities lower their total cost of risk through digital solutions.
- East Coast Fraud and Risk Management GroupminorPartnership for risk management market advisory and business development activities. East Coast Fraud and Risk Management Group provides expertise in operations, fleet management, property, insurance, market expansion, and product diversity to help ClearRisk grow strategic channel partnerships.
- Association of Municipalities of Ontario (AMO)coreAMO partnership provides ClearRisk access to Ontario municipal networks. Association endorsement helps validate ClearRisk's suitability for public sector risk management needs.
- LCM SolutionsminorPartnership with LCM Solutions announced March 2021 to support ClearRisk's expansion efforts.
- William H. McGannon FoundationminorClearRisk makes annual donation of $5,000 to the William H. McGannon Foundation in honor of Joseph P. Hardy to help risk management students access educational opportunities such as the RIMS Canada Conference. Represents ClearRisk's commitment to risk management education and mentorship.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
ClearRisk competitors and assessment
Company assessmentDirect peers
- Origami Risk: Origami Risk provides a cloud-based RMIS platform with claims, incident, policy, and analytics modules for insurance brokers, risk managers, and corporate risk teams. It is the closest direct competitor to ClearRisk in the mid-market RMIS category, with overlapping buyer persona and product footprint.
- Riskonnect: Riskonnect delivers an integrated risk management platform combining claims administration, incident management, GRC, and analytics for mid-to-large enterprises. It competes with ClearRisk for the same risk-management buyer, particularly in the US mid-market.
- Ventiv Technology: Ventiv Technology offers risk, insurance, claims, and compliance software for corporate risk and insurance functions. Its product scope closely parallels ClearRisk's Claims, Incident, and Risk Register modules, and it serves similar enterprise and public-sector RMIS buyers.
- Marsh ClearSight: Marsh's ClearSight is an RMIS and insurance program analytics platform serving corporate risk managers and insurance buyers. As a direct competitor in the same RMIS category — and historically a mid-market product before Marsh's distribution scaled it — it benchmarks closely to ClearRisk's go-to-market model.
- Insurity: Insurity provides policy administration, billing, and claims management software to P&C insurers and insurance pools. It overlaps with ClearRisk on claims workflows and insurance certificate workflows, and serves a related set of risk-bearing organizations (insurers, pools, large municipalities).
Broad incumbents
- ServiceNow: ServiceNow is a broad enterprise workflow platform with integrated GRC, risk, and compliance modules. As a major incumbent, it increasingly competes with dedicated RMIS point solutions when large public-sector and enterprise customers pursue platform consolidation.
- Yardi: Yardi is a leading property management software suite for residential and commercial real estate operators, with risk and asset management features embedded in its platform. It is comparable to ClearRisk on the property management side, where ClearRisk serves several large REITs.
- MRI Software: MRI Software provides comprehensive real estate and property management software with capabilities spanning operations, asset management, and risk. It is comparable to ClearRisk on the property management customer base and overlapping asset management functionality.
- Guidewire: Guidewire is a large enterprise insurance software platform providing policy, claims, and billing solutions primarily to P&C insurers. While primarily serving insurers (not corporate risk managers), its claims management capabilities and insurance workflow overlap with ClearRisk's offering.
- RealPage: RealPage provides property management and resident-focused software for residential real estate operators and REITs, including asset and risk management features. It is comparable to ClearRisk in serving the same multi-family REIT customer base with overlapping asset/risk functionality.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
ClearRisk social profiles
Digital presenceClearRisk compliance and trust
Trust signalCompliance1 record
ClearRisk financial estimates
Financial estimateRevenue estimate
Valuation estimate
ClearRisk leadership team
Management profileNumber of profiles
Profiles8 records
ClearRisk funding detail
Funding detailFunding overview
Funding rounds5 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ClearRisk M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ClearRisk
What does ClearRisk do?
ClearRisk develops and sells a cloud-based Risk Management Information System (RMIS) software platform that digitizes and centralizes the management of claims, incidents, assets, insurance certificates, and risk registers for organizations across North America. The platform is positioned as a user-friendly, cost-effective alternative to enterprise-scale RMIS systems, with modular deployment options and built-in integrations to TPAs, insurers, accounting, HR, and payroll systems.
Is ClearRisk a public or private company?
ClearRisk is a private company. It is classified as venture growth investor backed and is currently operating.
When was ClearRisk founded?
ClearRisk was founded in 2006. It employs 11 to 50 people.
Where is ClearRisk based?
ClearRisk is headquartered in St. John's, Canada, in the North America region.
How does ClearRisk make money?
One revenue line is on record: saaS Subscription.
Who are ClearRisk's main competitors?
Direct peers on record are Origami Risk, Riskonnect, Ventiv Technology, Marsh ClearSight and Insurity. Broad incumbents are ServiceNow, Yardi, MRI Software, Guidewire and RealPage.
Does ClearRisk have an API?
No public API is recorded for ClearRisk.