Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Business: Insurance

AHT Insurance Named 2019 Independent Agency of the Year by NU Property & Casualty 360

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We are honored to be recognized by NU Property & Casualty 360 as a 2019 Independent Agency of the Year.


LEESBURG, Va. (PRWEB)

AHT Insurance is pleased to announce it has been named 2019 Independent Agency of the Year by NU Property & Casualty 360.

NU Property & Casualty 360 set out to honor independent agencies for their efforts to provide high-quality service to their clients and remain relevant in the ever-changing P&C world. Each year, agencies vying for the award submit their individual stories about building and maintaining trust with clients, involvement within their communities and perpetual growth in their book of business. Three winning agencies are selected and showcased in NU Property & Casualty 360’s October issue in print and online.

AHT is a full-service insurance brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services for a wide range of industries. After nearly 100 years of service and fostering a story of partnership, commitment and growth, AHT continues to pave new roads in the insurance and risk management landscape. AHT takes great pride in the level of service and commitment provided to every client, relationships we’ve cultivated within our industry and the support we show our community through charitable giving and volunteerism.

Read more about the AHT story here and in the October print issue of NU Property & Casualty magazine.

“We are honored to be recognized by NU Property & Casualty 360 as a 2019 Independent Agency of the Year.” said David Schaefer, AHT President and CEO. “After nearly a century, our narrative remains unwavering – we foster partnerships with our clients and engage professionals empowered to use their creativity and talents, individually and as a team, to provide heroic service protecting what matters most in the lives of those we serve.”

Congratulations to the other 2019 winners, Desert Insurance Solutions and Gordon Companies.

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Business: Executives

St. Andrews Country Club Boca Raton Announces Rick Dente Appointed to Chief Operating Officer and General Manager

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St. Andrews Country Club Boca Raton Announces Rick Dente Appointed to Chief Operating Officer and General Manager

St. Andrews Country Club Boca Raton Announces Rick Dente Appointed to Chief Operating Officer and General Manager

St. Andrews Country Club President, Ron Gallatin states, “The board of governors, members and staff are pleased that Rick will be leading the club into the future. Rick provides for a seamless transition and a continuation of the great quality of leadership that we have enjoyed from Craig.”


BOCA RATON, Fla. (PRWEB)

St. Andrews Country Club has promoted Rick Dente to serve as its new Chief Operating Officer and General Manager beginning November 1. Dente served as Assistant General Manager of St. Andrews from 2016 to present under Craig D. Martin, CCM who announced his retirement in June.

St. Andrews Country Club President, Ron Gallatin states, “The board of governors, members and staff are pleased that Rick will be leading the club into the future. Rick provides for a seamless transition and a continuation of the great quality of leadership that we have enjoyed from Craig.”

Earlier in his career, Dente served as the Club Manager at Pinehurst Country Club, Pinehurst Resort and Country Club; Clubhouse Manager/AGM at the St. Francis Yacht Club; and nine years of progressive experience at The Polo Club of Boca Raton as Director of Operations.

A native of South Africa, Dente resides in Boca Raton with his long-time girlfriend and their 5 rescue dogs and cat. He has numerous certifications in leadership, social responsibility and fine dining.

“I am honored to have been selected to lead St. Andrews Country Club into the future and appreciate the trust the board of governors, the membership and the staff have in my abilities,” said Rick Dente, Assistant General Manager. “I am grateful for the opportunity to have trained for this position under the tutelage of Craig Martin. His unbridled passion in delivering an exceptional member experience along with his vision to drive St. Andrews to an industry wide recognition as a premier club has paved the way for us to take the next step in the Club’s future.”

In June, St. Andrews Country Club announced to its membership the retirement of long-time Chief Operating Officer and General Manager, Craig D. Martin, CCM effective October 31, 2019. Martin successfully managed the club for 12 years, overseeing $45 million in renovations and new construction, on time and on budget. Under his tenure St. Andrews received and maintains prestigious industry recognitions such as Distinguished Elite Club of the World by Boardroom magazine and is in the Top 10 of America’s Healthiest Clubs by Prevo Health Solutions. Martin isn’t done in the Private Club industry and with his 35+ years of experience is securing consulting roles with private clubs nationwide.

About St. Andrews Country Club

St. Andrews Country Club of Boca Raton, resident-only Distinguished Club of the World ranked in the Top Ten of America’s Healthiest Club’s is internationally recognized for magnificent estate residences and recently completed $25 million in renovations. The Club features superior amenities, two 18-hole championship golf courses, including an Arnold Palmer Signature Design® and a new Fazio II. The club offers a comprehensive Golf Performance Center with indoor hitting bay, private practice area, V1 Digital Coaching System and FlightScope Launch Monitor® technologies, and a Callaway Golf® branded club fitting area. The Club features a full-service spa and salon and a stand-alone fitness and tennis center and a 125,000 square foot completely remodeled Clubhouse, and five dining venues. A pristine recreation & aquatic center features three pools, poolside dining, Splash Club and state-of-the-art playground equipment and air-conditioned game room. St. Andrews has played host to numerous PGA golf exhibitions led by touring pros such as Phil Mickelson, Arnold Palmer, John Daly and Rocco Mediate, and is the home course to LPGA Touring Professional and resident Morgan Pressel. Please visit http://www.standrewscc.com or follow us on Facebook, Twitter, LinkedIn, YouTube, Pinterest and Instagram.

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Business: Insurance

Lombardi Associates Appoints Michael Kotch, MA, LPC, NCC, CTSS, DRCC as New National Director of Crisis Management Services

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https://www.prweb.com/

I see his leadership style promoting truly impactful crisis management practices and his keen eye for detail will ensure time sensitive crisis response and organizational resiliency processes for our customers


FAIRFIELD, N.J. (PRWEB)

Michael brings over 11 years of clinical experience including 4 years as a crisis counselor at Lombardi Associates. He possesses a deep understanding of victims’ responses to trauma and has worked extensively in the areas of adolescent and adult Trauma and PTSD, grief and loss, and sexual violence prevention and education.

Michael received his Bachelor of Science degree in Psychology from the University of Maryland, University College and his Master of Arts in Counseling from Montclair State University. He is a board- certified counselor through the NBCC, a Certified Trauma Services Specialist and a Licensed Professional Counselor. Michael also volunteers his services in his home state of New Jersey as a Disaster Response Crisis Counselor.

Michael is an impactful public speaker, having developed and implemented presentations for responses to sexual violence at universities. He also has provided lectures, trainings and outreach services at various public education events.

In his free time Michael enjoys photography, hiking, and spending time with his girlfriend, her children and two dogs.

Lombardi Associates’ crisis team is national and multi-disciplinary. Team members are clinically trained from diverse professional backgrounds (medical doctors, licensed clinical social workers, psychologists, fire fighters, army chaplains, etc.) and they all specialize in trauma recovery.

Tracey Lombardi, President, said this, “Lombardi Associates has always been proud of our deep relationships with our customers and our ability to customize services to meet their unique needs. Michael is a consummate professional. I see his leadership style promoting truly impactful crisis management practices and his keen eye for detail will ensure time sensitive crisis response and organizational resiliency processes for our customers.”

Kotch will lead Lombardi’s crisis specialists across the nation: providing oversight, training and recruitment. Outreach and speaking engagements will be a strong focus for him as Lombardi Associates continues to build out their service line and their nationwide expansion.

About Lombardi Associates

Lombardi Associates is a woman owned business and a national provider of case management, crisis management, vocational rehabilitation and cost management solutions for insurance carriers, third party administrators, attorneys and employers. Lombardi Associates supports the workers’ compensation, auto, disability and general liability insurance markets.

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Business: Executives

Pinnacle Performance Company Launches Ascend Program to Encourage Effective Communication Skills Retention and Behavior Change

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Effective Communication Skills

We view communication skills like any other skill or behavior. To promote behavior change, create new habits, and reinforce long term skill adoption and retention, communicators, like athletes or musicians, must keep their skills crisp through continuous practice.


CHICAGO (PRWEB)

Pinnacle Performance Company, a premier global communication skills training firm, launched its new Pinnacle Ascend Program today to further encourage past Pinnacle workshop participants adopt, retain, and apply Pinnacle’s effective communication skills training in the workplace.

Advanced Presentation Skills and Advanced One-to-One Communication Skills are the first two workshops available in the Pinnacle Ascend Program. These interactive, exercise-based workshops were designed for past workshop participants who want to continue their education. The instructor-led workshops are delivered on-site and culminate in project-based simulations applicable and customized to participant’s role.

“We view communication skills like any other skill or behavior,” said David Lewis, CEO and co-founder of Pinnacle Performance Company. “To promote behavior change, create new habits, and reinforce long term skill adoption and retention, communicators, like athletes or musicians, must keep their skills crisp through continuous practice. We created the Pinnacle Ascend Program to encourage workshop participants further sharpen their communication skills and refresh their abilities through intense, practical simulations.”

According to LinkedIn’s 2019 Global Talent Trends Report, 92 percent of talent professionals and hiring managers said soft skills are just as important or more important than hard skills when hiring talent. Eighty percent also said soft skills are increasingly important to company success. According to LinkedIn’s 2018 Workplace Learning & Development Report, the number one priority for training was soft skills.

“The two most common comments we receive at the end of a Pinnacle workshop are ‘I wish there was another day’ or ‘What’s next?’,” added Lewis. “We are passionate about life-long learning. In addition to our Video Learning Modules, our Virtual Coach, and our online Learning Vault, our new Ascend Program supports our commitment to long-term retention of our techniques for professional success and greater return on investment.”

About Pinnacle Performance Company

Pinnacle Performance Company provides individuals, from introverts to polished speakers, with the tools and techniques needed to become more influential communicators. By applying our innovative, three-step process, Pinnacle shows you how focusing on your message’s objective and delivery will allow you to achieve specific audience reactions, captivate your audience and communicate like a true leader.

Pinnacle Performance Company’s exclusive master instructors have trained thousands of business professionals worldwide, including CEOs, senior executives, professional speakers, sales people, trainers, engineers, customer service representatives, and more. The company has trained in more than 40 countries for well-recognized bluechip companies like Accenture, AstraZeneca, Apple, CapGemini, 3M, TripAdvisor, Oracle, Barclays, Underwriters Laboratories, KPMG, Emirates Airlines, Infosys, and more.

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Business: Insurance

When Should Drivers Decide To Drop Full Car Insurance Coverage

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“Dropping full coverage can help drivers save money on car insurance. However, drivers should consider the advantages and disadvantages of dropping full coverage, before making this decision”, said Russell Rabichev, Marketing Director of Internet Marketing Company.


LOS ANGELES (PRWEB)

Cheapquotesautoinsurance.com has launched a new blog post that explains how dropping full coverage in various scenarios can help drivers save money on car insurance.

For more info and free car insurance quotes, visit https://cheapquotesautoinsurance.com/how-to-lower-car-insurance-rates-by-dropping-full-coverage/

In almost all states, except New Hampshire, drivers are required to carry car insurance. Besides the minimum car insurance that is required by the state law, drivers can acquire additional coverages, like full coverage. In some cases, drivers who are having full coverage can be overpaying for something that is really not worth it.

Drivers who have full coverage are advised to drop it in the following situations:


  • The vehicle is too old. The value of a vehicle will decrease as soon as it’s leaving the showroom. Unless the car is a collectible, it’s value will continue to decrease with each year that passes. Keeping full coverage for a vehicle that is 10 years old or older is not worth it.

  • High-mileage. Drivers who use their cars very often, should not be surprised if their vehicles are not as valuable as they think. Relatively new vehicles that are 4, or 5 years cold can drastically lose their value if they were driven for 200,000 miles or even more. In this case, full coverage is not worth it.

  • The car is in a really bad condition. Even if a vehicle has sentimental value, this should not be a reason to keep full coverage on a car that is covered in rust.

  • The loan has been paid. Banks and other financial institutions that are financing a vehicle will impose the owner to carry full coverage. Once the driver fully owns the vehicle, then he can choose to drop full coverage.

  • The driver can’t afford to pay anymore. Policyholders who entered into financial troubles can save some by dropping full coverage and using them in another place.

  • The vehicle is being kept in a garage. A garage can protect a vehicle from weather damage, theft, vandalism, and fire. Drivers who decide to drop full coverage should ensure that they are driving carefully and they are not causing accidents. If they do cause an accident, then they will have to cover the cost to repair the vehicle from their own pockets.

For additional info, money-saving tips and free car insurance quotes, visit https://cheapquotesautoinsurance.com/

Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Business: Executives

The Daily Record Names Todd Marks a 2019 Most Admired CEO

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Todd Marks, Mindgrub CEO

“In the time I have been working with Todd, he has shown uncompromising dedication to leading Mindgrub to be the best agency in the region. His passion for technology and his active role in the Baltimore community are just a few of the reasons he is a leader worth emulating.” – Shalisa Mohamed, COO


BALTIMORE (PRWEB)

Mindgrub CEO Todd Marks is among The Daily Record’s Most Admired CEOs of 2019.

The Daily Record created the Most Admired CEOs award program to recognize talented business CEOs and nonprofit executive directors throughout Maryland for their leadership and vision. The winners were selected based on professional accomplishments, community service and letters of reference submitted by co-workers, board members, and community leaders showing the CEO’s leadership and vision.

Marks founded Mindgrub in 2002, and under his leadership, the company has received numerous awards for business growth, office culture, mobile app development, websites, innovative technology, and marketing initiatives. Outside of Mindgrub, Marks is passionate about using technology to level the digital playing field and achieve greater socioeconomic equality, and he serves on numerous boards to work towards these goals.

“In the time I have been working with Todd, he has shown uncompromising dedication to leading Mindgrub to be the best agency in the region,” said Mindgrub Chief Operating Officer Shalisa Mohamed. “His passion for technology and his active role in the Baltimore community are just a few of the reasons he is a leader worth emulating.”

“This year’s Most Admired CEOs demonstrate that leadership matters to our economy and to the quality of our day-to-day lives,” said Suzanne Fischer-Huettner, publisher of The Daily Record. “Many people are promoted into leadership roles, but only some people have the emotional intelligence, focus, drive and compassion to become an admired leader. We at The Daily Record are pleased to honor this year’s Most Admired CEOs.”

The 2019 Most Admired CEO honorees will be recognized at a celebratory dinner on November 5th. To learn more about the event and see the full list of honorees, visit thedailyrecord.com.

About The Daily Record | Celebrating 131 years of journalistic excellence, The Daily Record is a multimedia news source that publishes a print and online edition five days a week and breaks news daily on its website, TheDailyRecord.com. In addition, The Daily Record publishes more than 30 special products a year including Path to Excellence: A Women’s Guide to Business, Doing Business in Maryland, Be What I Want to Be, and Expanding Opportunities. The Daily Record also honors leading Marylanders through 10 annual awards events including Maryland’s Top 100 Women, Influential Marylanders, and Most Admired CEOs. Its Digital Marketing Solutions helps customers with social media, search engine marketing and optimization, retargeting, email marketing and more. The Daily Record is part of BridgeTower Media, one of the country’s leading business-to-business media companies with 44 print and digital publications in more than 20 U.S. markets.

About Mindgrub | Mindgrub, a member of the Inc. 5000 for seven years running, is a technical agency and creative consultancy specializing in award-winning mobile applications, websites, and marketing initiatives. Headquartered in Baltimore, Mindgrub has offices in New York City, Philadelphia, and Washington D.C. Connect with Mindgrub online at mindgrub.com.

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Business: Insurance

NFP Acquires Savitsky Satin Bacon & Bucci, Los Angeles-based Business Management Firm

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NEW YORK (PRWEB)

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced that it has acquired Savitsky Satin Bacon & Bucci (SSBB). The transaction closed on Sept. 18, 2019.

Located in Los Angeles, SSBB is a business management firm serving high-net-worth individuals, including entertainment industry executives, entertainers and professional athletes, among others. The acquisition supports NFP’s expansion of its Individual Solutions business line. All of the partners of SSBB will continue to be fully engaged, with Chris Bucci and Steve Savitsky remaining as managing partners, and Gary Satin, Jeff Bacon and Rachel Martinez remaining as partners. Bucci will also serve as managing director of the Business Management Platform and will report to Ed O’Malley, NFP’s executive vice president and head of insurance brokerage and consulting.

“We are excited to welcome the Savitsky Satin Bacon & Bucci team to the NFP family,” said O’Malley. “The strategic direction and opportunistic vision of industry leaders like Chris, Steve and the entire team will enhance the value proposition that NFP can deliver to high-net-worth individuals in planning for all aspects of their business and financial management needs.”

“In NFP, we have found the ideal strategic partner to support our long-term growth and future aspirations for the business management industry,” said Bucci. “Uniting our operations with NFP’s comprehensive insurance and financial solutions will elevate the value we deliver to current and future clients.”

“Our team looks forward to the next chapter in our careers. We will continue diligently serving our clients with the same personal care that Savitsky Satin Bacon & Bucci built its reputation on, while accessing the breadth of services and scale of NFP,” said Savitsky.

About NFP

NFP is a leading insurance broker and consultant providing customized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,400 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 6th largest US-based privately owned broker, 5th largest benefits broker by global revenue and 7th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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Business: Executives

8th Annual – Construction Audit & Cost Control Best Practices Roundtable Workshop

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https://www.prweb.com/

Bellagio, Las Vegas

Very knowledgeable presenters. Excellent Workshop overall.


DALLAS (PRWEB)

The Construction Audit & Cost Control Institute will be hosting our 8th Annual Construction Audit & Cost Control Best Practices Roundtable Workshop October 28-29 at Bellagio in Las Vegas. This year, we will once again be emphasizing the “roundtable” aspects of our workshop by providing ample time for interactive Q&A with our industry expert presenters. Anyone responsible for auditing construction activity and/or managing construction projects can benefit from this workshop.

Included are several networking opportunities: an evening reception, breakfast, refreshment breaks and lunch will be provided by Bellagio both days.

Space is limited. Reserve your seat now (option to pay later).

Course Level: Intermediate

CPE Hours: 16

LEARN MORE: Speaker’s Biographies, Learning Objectives, CPE, Venue, etc.

Reviews from Previous Workshop Participants:

“Participation encouraged variety of skills at the table. Overall a great learning experience.”

“Really enjoyed the real life examples and discussions about how to apply in your own job.”

“You seem to always have speakers with current pulse of industry.”

“Liked the interactive discussions about current trends.”

Learning Objectives:

  • Learn the latest best practices in use for construction audit and cost control

  • Obtain an update on the trends in tools and techniques used for construction audit and cost control

  • Explore specific case example results of current best practice construction audits

  • Have ample time to learn during question and answer sessions at the conclusion of each presentation .


Speakers:

1. Rich Brodowski – Project Executive – Surespan USA Inc.

2. Vince Chapman – Managing Principal – HPM Program Management

3. William Consolie – Global Practice Leader, Construction Services – Experis Finance

4. Tony Ollmann – Firm Director – Baker Tilly

5. Jake Ortego – Founder & Primary Partner – JA Cost Engineers & Advisors, Inc.

6. Adam Rouse – Director – BDO USA, LLP

7. Gregory Smith – Construction Counsel – Smith, Gambrell & Russell

8. Stephen Strohman – Supervisor, Advisory Services – Brown Smith Wallace LLC

9. Courtenay Thompson – Principal – Courtenay Thompson & Associates

10. Debbie Townsend – President – R. L. Townsend & Associates, LLC

11. Rich Townsend – President – Construction Audit & Cost Control Institute, Inc.

12. Paul Wallerus – Owner & Principal – C&M Construction Consultants, Inc.

13. Chris Wolbrink – President – SiteTraxx, LLC

14. Henry Woods – Supervisor, Advisory Services – Brown Smith Wallace LLC

Who Will Benefit from this Program:

  • Construction Audit Consultants

  • Internal Audit Professionals

  • CFO’s

  • Cost Engineers

  • Attorneys

  • Construction and Engineering Department Representatives

  • Facilities Management Department Representatives

  • Procurement Department Representatives


Venue: Bellagio, Las Vegas

Home of the Fountains of Bellagio and the Conservatory & Botanical Gardens – 2 of the top rated complimentary hotel attractions in the country! Offers 19 world-class dining options from casual to contemporary to AAA Five-Diamond, 9 of which have an outdoor patio overlooking the Fountains of Bellagio. Bellagio is a luxurious Las Vegas hotel complete with casino, restaurants, spas and nightlife.

Space is limited. Reserve your seat now (option to pay later).

Course Level: Intermediate

CPE Hours: 16

LEARN MORE: Speaker’s Biographies, Learning Objectives, CPE, Venue, etc.

Sponsor:

The Construction Audit & Cost Control Institute was established in 2008 to provide specific professional development training seminars to professionals interested in this specialized subject matter. Both Rich Townsend and Courtenay Thompson, Jr. have collaborated to provide development seminars related to construction audit and construction cost control seminars since 1985. For more information on our construction audit and fraud seminars, go to http://www.caacci.org.

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Business: Insurance

Medical Liability Monitor’s 2019 Annual Rate Survey Indicates a Medical Malpractice Insurance Premiums Rising, But Are We Headed for a Real Hard Market?

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From 2007 to 2018, the results of the Annual Rate Survey had a certain familiarity — companies held most rates flat, decreased some and increased even fewer. In 2019, more than 25 percent of the rates reported in the Survey increased, while only 5 percent of rates decreased.


CHICAGO (PRWEB)

According to just-released data from the 2019 Medical Liability Monitor Annual Rate Survey, for the first time since 2006, more than 25 percent of medical professional liability (MPL) premium rates increased, while for a second consecutive year, only 5 percent of rates decreased. These firming rates indicate a turn from the market’s decade-plus period of soft pricing, but is it headed for a real hard market — with annual rate increases averaging between 10 and 30 percent — similar to the last one, which started as a low simmer in 1998, heated up in 1999 and boiled from 2000 to 2006?

To answer this question, Annual Rate Survey guest editors Bill Burns and Alyssa Gittleman from the Insurance Research Department of the global investment management firm Conning compare current market conditions to those which preceded the last hard market. They note similarities between the two in the MPL industry’s operating ratio, return on equity, declining loss reserve margins, use of schedule credits and declining competition, but also observe significant differences in policyholder surplus, exposures and ceded reinsurance.

What do the Rates Say?

From 2007 to 2018, the results of the Annual Rate Survey had a certain familiarity — companies held most rates flat, decreased some rates and increased even fewer rates. In 2019, things look different — with more than 25 percent of the rates reported in the Survey increasing, while only 5 percent of rates decreased.

Based on the information gathered in this year’s Survey, the overall rate increase from 2018 to 2019 was approximately 0.8 percent. Drilling down, we see that rates in states without patient compensation funds (PCFs) increased by 1.1 percent, while rates in states with PCFs decreased by 1.1 percent (excluding one company’s exceptional rate decreases in two PCF states, that number would be an increase of 1.9 percent).

Several MPL insurers adopted rate increases for general surgery that were higher than those of the other specialties. A review of several rate filings suggests that the rate relativity for general surgery is increasing. It appears average costs for general surgery are increasing by more than average costs for the companies’ base class (hence the rising relativity). Consequently, rate increases for general surgery are greater than the average increases.

Excluding one company’s exceptional rate decreases in two PCF states, the average rate increase in the Midwest was 2 percent, 1.4 percent in the Northeast, 1.1 percent in the South and 0.3 percent in the West.

What Else Did We Learn from the Annual Rate Survey?

In addition to information on rates, respondents to the Survey provided color on other facets of the market, including underwriting, coverage, whether they are expanding or contracting the states in which they write business and their general view of the MPL market.

One conspicuous theme that jumped off the page came from responses to the question, “What do you view as the biggest threat to your market share?” The answers to this question indicate companies are concerned about a continued shrinkage of the exposure base of insurable physicians, brought about by hospitals acquiring physician practices and/or employing physicians as well as venture capital creating large physician groups that move to self-insurance.

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Complete 2019 Annual Rate Survey available to the press upon request.

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Business: Executives

Allgress named a Challenger in Gartner 2019 Magic Quadrant for IT Risk Management

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“We believe this recognition is a testament to our mission of helping customers adapt to continuously changing requirements to meet risk objectives,” said Jeff Kushner, Allgress Chief Marketing Officer.


Livermore, CA (PRWEB)

Allgress, an industry-leading provider of Integrated Risk And Compliance Management solutions for organizations and their business partners today announced it has been chosen as a Challenger in Gartner’s July 2019 “Magic Quadrant for IT Risk Management” based on its ability to execute and completeness of vision. Allgress believes its recognition by Gartner in this Magic Quadrant is further proof that business must depend on automated, integrated risk management solutions to reduce business risk.

The Allgress Insight Risk Management Solutions Suite combines technology, processes and data to enable functionality that automates the complex task of providing visibility and accountability of the entire risk and compliance management process to identify and mitigate business risk before the potential impact of fines or harm to brand reputation.

“We are once again honored to be recognized by Gartner,” said Jeff Kushner, Allgress Chief Marketing Officer. “We believe this recognition is a further testament to our continuing mission to help customers adapt to continuously changing technological, regulatory, best practices and partner requirements to meet risk objectives.”

According to the report authors, Analysts Khushbu Pratap and Brian Reed, “By 2025, 60% of global IT risk management (ITRM) buyers will depend on risk management solutions to aggregate digital risks in their business ecosystem, up from 15% in 2019. Through 2025, 50% of ITRM solutions will evolve to support digital risk management capabilities, including cloud, operational technology (OT), Internet of Things (IoT) and the social media environments of digital businesses, up from less than 30% in 2019.”

Source: Gartner, Magic Quadrant for IT Risk Management, Khushbu Pratap, Brian Reed, 3 July 2019.

Gartner Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Allgress

Allgress is a global provider of automated next-generation integrated cloud and on-premise IT Security, Compliance and Risk Management Solutions for organizations and their business partners to meet business objectives with less risk. Allgress solutions enable organizations to automate processes for assessment, reporting, monitoring and remediation of business risks with less complexity and reduced management costs. Unlike other similar solutions, Allgress’ patented award-winning technology allows customers to continuously derive quicker-time-to-value, reducing business risk without an army of consultants.

For additional information, please visit us at https://allgress.com or connect with us on LinkedIn, Twitter and Facebook.

Media Contact:

Jeff Kushner

Jeff.Kushner@allgress.com

281-467-5877

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