Decision Focus has clinched the treble by winning the operational risk solution of the year for the third consecutive year.

The company's operational risk module has significantly enhanced insurers' risk management capabilities, offering a comprehensive solution for risk identification, management, and monitoring.

Decision Focus's no-code platform is one of the provider's standout features as it has been designed to be easy to use by employees at all levels and requires minimal training.

The judges were impressed that Decision Focus's software has led to notable improvements across various areas, including increased risk event reporting and shortened periods for risk and control assessments.

Particularly notable is the reduction in committee report drafting time from three weeks to just one week, with clients now able to automatically generate their risk committee packs.

A key feature of Decision Focus's solution is its single repository approach, providing a seamless, integrated experience for risk and control owners.

The platform's customisable dashboards offer real-time performance metrics and exception reporting, ensuring stakeholders have critical data trends at their fingertips.

The company's success is attributed to its team of governance, risk and compliance professionals with extensive industry experience. This expertise has enabled Decision Focus to address specific challenges faced by insurance clients effectively, including Lloyd's Project RIO compliance and Solvency II reporting.

Looking ahead, Decision Focus has introduced leading AI capabilities into its operational risk setup, allowing clients to leverage this technology for evolving use cases.