CHICAGO, Feb. 5, 2019 /PRNewswire/ -- Today, Real Time Risk Solutions (RTRS) announced the addition of Billy Welch to its Executive Team as Director of Strategic Partnerships. Welch has spent his career developing risk management solutions for the insurance industry and brings valuable relationships and experience to RTRS as it looks to expand its client network.
Welch began his career at Chicago Climate Exchange (CCX), later sold to the Intercontinental Exchange. At CCX, Welch developed an exchange for hurricane insurance, used by over 100 insurers, reinsurers, funds and their brokers. Next, he joined Aon's investment banking unit, working with clients to develop catastrophe bonds and other risk transfer solutions.
Welch went on to assist in the launch of the American Financial Exchange (AFX), an interbank lending platform created by Richard Sandor, by developing and training the AFX sales, customer service and operation teams while developing partnerships with financial institutions who transacted via the exchange. In its first year, AFX was able to add 40 highly regulated institutions to transact and trade over $40 billion dollars.
Most recently, Welch served as an investment banker at Young America Capital helping insurance and technology companies raise capital, develop strategic partnerships and develop new business. He has been recognized by industry publications The Insurance Insider and Trading Risk as a young person already making an impact in the insurance markets.
"Billy's expertise within the insurance industry is vital as RTRS continues to partner with insurance companies and brokers to enable their clients to manage and measure risk from any mobile device with advanced analytics to measure and predict risk," RTRS CEO Cory Davis said. "He has a wealth of experience which will be essential as we continue to develop our risk platform and integrate into the Blockchain. RTRS is also focused on providing the insurance industry with Artificial Intelligence-driven risk solutions using unfiltered, structured risk data."
For more information on Real Time Risk Solutions, please visit https://realtimerisksolutions.com/.
About Real Time Risk Solutions (RTRS)
Real Time Risk Solutions (RTRS) develops mobile risk management solutions with advanced analytics to analyze risk across any industry in real-time.
In 2018, RTRS was recognized by CIO Magazine as one of the Top 25 GRC Technology Solutions Providers. In 2016, RTRS was nominated for the Global Investor Challenge and received the National Association of Home Builders Innovation Award. In 2015, RTRS was presented the American Society of Safety Engineers Innovation Award.
RTRS focuses on cataloging prescriptive risk factors for each organization, making it easy to manage in the field and leverage advanced analytics to make data easy to understand.
RTRS starts with inspections and makes sure the questions that are asked in the field are specific and easy to understand. RTRS has a library of best practices that are growing daily that can be leveraged by clients. With mobile devices, RTRS then provides a way to ensure photos and notes (using voice dictation) are attached to issues. Finally, all inspection data is tailored for each organization so the "quality" of the observations can be analyzed.
RTRS operates within all industries where risk needs to be managed remotely. Whether the largest insurance carrier or a small construction company, RTRS listens to understand user needs and develops solutions that are right for each client.
(504) 323-8133 Direct
SOURCE Real Time Risk Solutions