Origami Risk provides risk management and core processing software for the insurance industry.
"Spectrum’s analytical approach and deep domain knowledge offer a unique and helpful perspective in our next stage of growth."
Bob Petrie, CEO of Origami Risk1
Sector
Status
Current
Headquarters
CEO
Partnership Year
2018
The Origami Risk Story
Origami Risk was founded in 2009 by a group of industry veterans who recognized opportunities for improving risk management technology. Their vision was to create a platform that not only streamlined the processes involved in managing risk, but could also be tailored to meet the unique needs of organizations across various industries. With a focus on user experience and flexibility, the founders, led by CEO Bob Petrie, developed a single-version, cloud-based platform providing a comprehensive and highly configurable Risk Management Information System (RMIS) solution.
Through continuous innovation and a commitment to client success, Origami has extended its solutions and today offers an integrated platform of risk management, safety, and insurance products that includes RMIS, Healthcare, Environment Health & Safety (EHS), Governance Risk & Compliance (GRC), Claims Administration, Policy Administration and Billing, and Data Analytics tools.
In the 15 years since its founding, Origami Risk has grown to over 900 employees and delivers software and support to over 1,000 organizations around the globe.
The Origami Risk office in Chicago, Illinois
Origami Risk & Spectrum
Spectrum first met Origami CEO Bob Petrie in 2013 and became the company’s only outside investor in March 2018. Over the five years between our initial meeting and investment, we met with Bob multiple times a year. Each interaction deepened our appreciation for Origami as a special company and for Bob as a talented operator.
When the opportunity to invest arose, the Spectrum team eagerly jumped at it, confident in Bob and his team’s ability to execute, having witnessed the company consistently outperform expectations.
Since our initial investment, Spectrum has worked closely with the senior management team on various initiatives, including: building an SDR team, recruiting a world-class leadership team, evaluating and executing M&A opportunities, and expanding internationally
Milestones
- 2009: Founded
- 2009: Launches Risk Management Information System (RMIS) solution
- 2012: Launches P&C Claims Administration solution
- 2015: Launches Healthcare, P&C Policy Administration solutions
- 2018: Partners with Spectrum
- 2019: Launches Governance, Risk & Compliance (GRC) solution
- 2020: Launches Environment, Health & Safety (EHS) solution
- 2023: Acquires Dais Technology
- 2024: Reaches 1,000+ clients
- Statements made herein by current or former employees of Spectrum Equity portfolio companies for which no compensation was paid. Spectrum may have the ability to exercise discretion on portfolio company employee compensation, promotion and other employment decisions and certain portfolio company executives may also be investors in Spectrum Equity funds.
"Spectrum’s analytical approach and deep domain knowledge offer a unique and helpful perspective in our next stage of growth."
Bob Petrie, CEO of Origami Risk1
Insights and News
Origami Risk recognized in the 2024 Gartner® Magic Quadrant™ for SaaS P&C core platforms, North America
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Origami Risk Launches Package of Generative AI Solutions for Risk Managers
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Origami Risk Establishes Operating Divisions to Address Emerging Business Opportunities; Names Earne Bentley, Christopher Bennett as Division Heads
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Origami Risk Receives Growth Investment from Spectrum Equity
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