Real Time Risk Solutions

What Real Time Risk Solutions does

Real Time Risk Solutions (RTRS) is a Chicago-based private software company, incorporated in Delaware as Real Time Risk Solutions, Inc., that develops a cloud-based, mobile-first risk management platform. The platform unifies field-safety operations with insurance loss outcomes and is built on Microsoft Azure with iOS, Android, and web clients that support offline data capture and API-based integrations with ERP, HR, insurance, and project management systems. RTRS has been operating since approximately 2015 and serves enterprises across construction, manufacturing, insurance providers/brokers, and developers/builders in North America (with broader industry claims across 10+ sectors).

The product is a modular SaaS suite including Mobile Forms, an Observations module, a Training/RTRS Academy LMS, a Client Safety Engagement platform, Stewardship Reporting, and an AI-powered Claims Analytics/Claims Module. Content depth is a stated differentiator, with more than 500,000 best-practice QHSE items, 400+ mobile form templates, 620+ safety meeting topics, 150+ dashboard templates, and 150+ sample policies. Recent AI features include the GPT-5.1-powered Executive Risk Summaries (March 2026), the AI-Powered Claims Module (February 2026) that ingests carrier loss-run PDFs and converts them into real-time claims intelligence, and AI-driven process automation across roughly 15 areas of the platform. The company maintains SOC 2 Type II, ISO 27017, NIST CSF, and GDPR-aligned controls.

RTRS generates revenue via per-user SaaS subscriptions with module-based pricing, multi-year and enterprise discounts, a two-week free trial, and a white-label licensing option for insurance partners starting at $10,000 upfront. Distribution combines direct enterprise field sales, channel partnerships with insurance brokers and carriers (reselling or white-labeling to insureds), and product-led mobile-app adoption. Named customers include All Trades, 1-800-packrat, Safety Management Group, Berlin Steel, Complete Care Management, and Horizon Builders, with reported customer outcomes of 35% first-year claims reduction, 60% faster audit preparation, 70–85% claims review time reduction, and 200–400% first-year ROI. Leadership consists of founder Cory Davis and CTO Matthew Stelnicki; total disclosed funding is approximately $2 million across six rounds, the most recent being a $750,000 round in May 2020 from REACH and Second Century Ventures.

Name

Real Time Risk Solutions

Legal name

Real Time Risk Solutions, Inc.

Website

https://rtrs.co

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Real Time Risk Solutions is a Chicago-based SaaS firm offering a cloud-based, mobile-first risk management platform that links operational safety data with insurance loss outcomes. It serves construction, manufacturing, insurance brokers, and developers with AI-powered claims intelligence, mobile inspections, training, and white-label distribution.

Ownership category

akta.pro rank

Product category

Risk Management Software

NAICS

Custom Computer Programming Services (541511)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

IoT/Connected Risk Prevention & Parametric Triggers Platforms (FSAGAGAG)

Keywords

• Risk management software
• Safety compliance platform
• Claims analytics software
• Mobile inspection platform
• Insurance loss analytics

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscription: Subscription-based SaaS platform pricing based on number of active users and modules selected. Enterprise and multi-year discounts available. Includes a 2-week free trial.
2. White-Label Licensing: Insurance firms can white-label the platform under their own brand for $10,000 upfront cost with ongoing subscription.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Real Time Risk Solutions (RTRS) develops and sells a cloud-based, mobile-first risk management SaaS platform that connects operational safety data with real insurance loss outcomes using AI to predict risk and reduce claims. The platform includes modules for mobile inspections, safety observations, training management, claims intelligence, executive reporting, and white-label distribution for insurance brokers and carriers. It is sold primarily via subscription to construction, manufacturing, and insurance organizations.

Product overview

RTRS offers a unified cloud-based mobile-first risk management platform with multiple integrated modules. The core RTRS Platform connects operational safety data with real insurance loss outcomes using AI to predict risk and reduce claims. Key modules include the AI-Powered Claims Module (converts static loss runs into real-time claims intelligence with 70-85% reduction in review time), Executive Risk Summaries (GPT-5.1-powered board-level reporting), Client Safety Engagement Platform (field operations tools), Training Module/RTRS Academy (25+ pre-built safety courses), Observations Module (safety issue documentation with photos and categorization), Mobile Forms (no-code form builder), Claims Analytics Module (loss run analysis), Stewardship Reporting (insurance renewal metrics), and the upcoming COI Module (insurance certificate automation). The platform also offers white-label opportunities for insurance partners.

Differentiator

Problem solved

Functional benefit

Products and services

• RTRS Platform Cloud-based, mobile-first risk management SaaS platform that connects operational safety data with real insurance loss outcomes using AI to predict risk, reduce claims, and digitize safety and compliance workflows for construction, manufacturing, and insurance organizations.
• AI-Powered Claims Module Standalone module within the RTRS Platform that ingests carrier loss runs (PDFs and spreadsheets) and converts them into real-time claims intelligence dashboards with AI-driven trend, cause, and severity analysis. Sold to insurance brokers, carriers, and risk teams.
• Executive Risk Summaries AI-generated executive narratives powered by GPT-5.1 that convert fragmented safety, incident, and claims data into board-ready summaries for risk leaders, executives, and underwriters.
• Client Safety Engagement Platform Module purpose-built for insurance brokers and carriers to extend safety engagement tools (toolbox talks, mobile inspections, observations, training) to their insured clients for risk control and stewardship.
• RTRS Academy (Training Module) Learning management system that auto-assigns safety training courses by trade, task, or project, tracks completions and certifications via QR verification, and ships with 25+ pre-built RTRS Academy safety courses.
• Observations Module Mobile safety observation module for documenting issues with photos, notes, and categorized questions, with acceptance/rejection tracking, due dates, and customizable templates to manage issue resolution.
• Mobile Forms No-code customizable mobile form builder that lets safety and operations teams create inspections, audits, daily reports, incident investigations, and custom forms deployable to iOS, Android, and web.
• RTRS White-Label Platform White-labeled version of the RTRS platform that insurance brokers, carriers, captives, and MGAs can rebrand and resell to their insureds under their own brand on iOS and Android.

Quantifiable outcome

• 60% faster audit preparation (from 3 weeks to just over 1 week)
• +9 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature9 records

Partnerships

Two partnerships are on record, tiered core.

• Microsoft AzurecoreTechnology or IntegrationRTRS runs on Microsoft Azure, leveraging its global infrastructure for uptime, scalability, and compliance with regional data regulations. Azure provides the cloud hosting foundation for the entire RTRS platform.
• GPT-5.1 (OpenAI)coreTechnology or IntegrationRTRS leverages GPT-5.1 technology for AI-powered features including Executive Risk Summaries and Claims Module, converting safety data into executive-ready narratives and real-time claims intelligence.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Sphera: Large enterprise EHS, operational risk, and product stewardship software platform serving industrial and construction customers. Comparable risk and safety domain but with a much larger, broader portfolio.
• Enablon (Wolters Kluwer): Enterprise EHS, risk, and sustainability software platform owned by Wolters Kluwer. Operates in the same category as RTRS but at significantly larger enterprise scale and broader scope.
• Intelex Technologies: Enterprise EHS and QHSE management platform owned by Fortive. Comparable QHSE module structure and customer base but with greater scale and broader enterprise footprint.

Direct peers

• Cority: Enterprise QHSE and risk management software platform serving industrial, construction, and healthcare customers. Comparable analytics and risk-management positioning with longer enterprise sales cycle.
• VelocityEHS: Mid-market EHS and risk management SaaS platform targeting manufacturing, construction, and industrial customers. Closely comparable vertical SaaS business model and module structure (inspections, training, observations, claims/incidents).
• Riskonnect: Unified GRC and risk management platform with insurance, claims, and safety modules. Comparable insurance-broker and risk-practitioner buyer base and adjacent claims-analytics functionality.
• EHS Insight: Cloud-based EHS management platform for mid-market and enterprise across manufacturing, construction, and similar industries. Comparable product scope (incident management, inspections, training, observations) and go-to-market model.
• Origami Risk: Insurance-focused risk management and analytics platform used by brokers, carriers, TPAs, and risk pools. Directly comparable insurance-channel distribution model and claims analytics functionality to RTRS's Claims Module and white-label offering.
• SafetyCulture: Australia-headquartered mobile-first inspection and safety platform serving construction, manufacturing, and similar verticals. Directly comparable product (iAuditor inspections, training, observations) and overlapping customer base, with significantly larger scale and capital base.

Emerging players

• Vector Solutions: Training, compliance, and risk management platform with strong construction and industrial vertical presence. Adjacent training and risk module overlap with RTRS Academy and safety observations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutu.be/BBMPU4q8MzA
• LinkedInlinkedin.com/company/real-time-risk-solutions

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds6 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Real Time Risk Solutions