Aravo
The Business Network for Third Party Risk Management.
Overview
Aravo specializes in providing cloud-based solutions for third-party risk and compliance management. For the insurance industry, this is critical for complying with NAIC guidelines on managing third-party service providers, including MGAs, TPAs, and technology vendors. Aravo's platform helps automate due diligence, risk assessments, and ongoing monitoring of these relationships.
✨ Key Features
- Third-Party Onboarding & Due Diligence
- Risk Assessment & Questionnaires
- Contract Lifecycle Management
- Performance & SLA Monitoring
- ABAC & Sanctions Screening
- ESG & Sustainability Risk
🎯 Key Differentiators
- Recognized as a long-term leader in the TPRM space.
- Highly configurable platform to support complex workflows.
- Strong capabilities for managing the entire third-party lifecycle.
Unique Value: Provides a comprehensive and scalable platform to manage the complexity of third-party risk, helping organizations protect their brand and ensure regulatory compliance.
🎯 Use Cases (4)
✅ Best For
- Enterprise-grade third-party risk management for large, global organizations.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- General GRC or internal audit management.
- NAIC financial statement filing.
🏆 Alternatives
Offers a deeper, more specialized focus on third-party risk management compared to the TPRM modules of broader GRC platforms.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Varies by plan tier)
🔒 Compliance & Security
💰 Pricing
🔄 Similar Tools in NAIC Compliance
Workiva
A cloud-based platform for financial reporting, ESG, and compliance, including NAIC reporting for in...
LogicGate Risk Cloud
A no-code GRC platform that helps organizations manage risk, compliance, and controls....
Majesco
Provides core insurance software, including solutions for risk management and compliance....
Duck Creek Technologies
A leading provider of core system solutions for the P&C insurance industry....
AuditBoard
A cloud-based platform for audit, risk, and compliance management....
Riskonnect
An integrated risk management (IRM) software provider that helps organizations manage risk and compl...