How the Georgia Farm Bureau Mutual Insurance Company® Cultivated Risk Intelligence through Advanced Reporting

• Platform as a Service (PaaS) - Data Management Platforms

• Software Design & Engineering Services
• System Integration

Georgia Farm Bureau Mutual Insurance Company® was struggling with an inefficient risk management process. The company was spending a disproportionate amount of time and resources on constructing and sending out risk assessments via spreadsheets, leaving no time to synthesize the most consequential aspects into simple reports for management. This resulted in limited engagement from front-line employees and a failure to realize the true value of risk management. The company was also struggling with a culture where some departments and levels of the organization were not considered entirely risk-aware.

Georgia Farm Bureau Mutual Insurance Company® is Georgia’s largest domestic personal lines insurance company. Founded in 1958, the company provides auto, home, farm, and commercial insurance to over 300,000 member families. The company has a close relationship with the Georgia Farm Bureau Federation agricultural organization, which helps ensure that Georgia’s farmers are protected by high-quality, affordable insurance products. These products are marketed to all Georgians and Georgia Farm Bureau Mutual writes nearly $490M in direct written premium. The company has 912 employees and operates in the insurance industry.

Georgia Farm Bureau® partnered with LogicManager to design and implement a solution to document the gaps in their program, automate their risk assessment process, and distill meaningful data into easy-to-read reports. LogicManager’s tool enabled the team to collect and share risk intelligence, uncover root causes of risks, and reaggregate information across various levels of their risk universe. The company was able to streamline their risk assessment process, prioritize their most critical risks, and leverage both LogicManager’s pre-built reports and create their own unique iterations with the platform’s Business Intelligence (BI) reporting engine. The company has also expanded into other areas of the platform, including the tool’s third-party risk management solution and taxonomy-powered compliance solution.

• Streamlined risk assessment processes and consolidation of historical risk information
• Efficient prioritization of resources allowing for a focused effort on most critical risks
• Straightforward reports using updated data attributes that drive proactive decision making

• 30-60% reduction of the total hours spent assessing, mitigating, and monitoring activities