Softwr

Insurance · head to head

Next Insurance vs Riskonnect

Next Insurance logo

Next Insurance

Insurance

Digital small business insurance with instant online quotes

From
$19/month
Rated
-
Full reviewWebsite
Riskonnect logo

Riskonnect

Insurance

Integrated risk management and claims administration for corporate risk teams

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Next Insurance pricing varies by coverage type and business; Riskonnect total first year cost is dominated by implementation rather than licence; vendor professional services frequently approach the annual licence figure and the internal staff time to define data structures and migrate historic claims is a comparable third cost that never appears in the quote.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Next Insurance and Riskonnect actually diverge.

Attributes where Next Insurance and Riskonnect differ
AttributeNext InsuranceRiskonnect
Starting price$19/monthOn request
Pricing modelusage-basedquote
PlatformsWebWeb, iOS, Android

Identical on both: free tier (No), user rating (Not yet rated), category (Insurance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Next Insurance

Nothing recorded that Riskonnect does not also cover.

Only in Riskonnect

  • Claims administration
  • Total cost of risk reporting
  • Policy and exposure management
  • Enterprise risk management
  • Health and safety
  • Business continuity
  • Third party risk
  • Data integration

What people use each for

The jobs each tool is most often brought in to do.

Next Insurance

  • Obtaining customized insurance quotes for specific business typesnot Riskonnect
  • Purchasing general liability and workers' compensation coveragenot Riskonnect
  • Managing policies and accessing certificates of insurance onlinenot Riskonnect
  • Filing and tracking insurance claims with licensed advisorsnot Riskonnect

Riskonnect

  • A self insured employer that wants to own its workers compensation loss data rather than depend on the broker or TPA system it will lose at renewalnot Next Insurance
  • A risk manager building a defensible total cost of risk figure for the CFO across claims, premium, retained losses and collateralnot Next Insurance
  • A third party administrator running claims for multiple clients that needs separate entity structures on one platformnot Next Insurance
  • A multinational consolidating claims, safety incidents and enterprise risk registers onto one entity hierarchy for board reportingnot Next Insurance

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Next Insurance

  • Pricing varies by coverage type and business
  • Quote obtained in less than 10 minutes

Riskonnect

  • Total first year cost is dominated by implementation rather than licence; vendor professional services frequently approach the annual licence figure and the internal staff time to define data structures and migrate historic claims is a comparable third cost that never appears in the quote.
  • The platform grew through acquisitions including Ventiv and Sword GRC, so module interfaces and administration models are not uniform and staff trained on one module do not transfer cleanly to another.
  • Licensing is modular, so the price quoted for a claims deployment rises materially the first time the risk team wants ERM or business continuity, and there is little negotiating leverage once the claims data is migrated.
  • Configuration depth means most changes go through an administrator or the vendor rather than an end user, and risk teams without a dedicated system administrator find that change requests queue for weeks.
  • Historic claims data migration quality depends entirely on what the outgoing broker or TPA will export, and incomplete legacy data undermines the multi year trend reporting that was the reason for buying.

Pricing, plan by plan

Next Insurance

$19/month
  • General Liability$19/month
    • Starting price for general liability insurance

Riskonnect

On request
  • Riskonnect Platform$undefined/year
    • Licensed by module, named user count and entity structure
    • Claims administration and RMIS core
    • Optional ERM, safety, continuity and third party risk modules

Which should you pick?

Choose Next Insurance if

Nothing in the data separates Next Insurance from Riskonnect on the points above - pick on price and on how each one feels to use.

Next Insurance review

Choose Riskonnect if

  • You need claims administration.
  • You work on Web, iOS, Android.
  • You also want total cost of risk reporting.
Riskonnect review

Questions people ask

Is Next Insurance or Riskonnect better?
Neither clearly leads. Next Insurance starts at $19/month and Riskonnect at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Next Insurance or Riskonnect?
Next Insurance starts at $19/month and Riskonnect at On request.
Does Next Insurance or Riskonnect run on more platforms?
Next Insurance runs on Web. Riskonnect runs on Web, iOS, Android.
What is Next Insurance best used for?
Next Insurance is most often used for obtaining customized insurance quotes for specific business types, purchasing general liability and workers' compensation coverage, managing policies and accessing certificates of insurance online, filing and tracking insurance claims with licensed advisors. Of those, obtaining customized insurance quotes for specific business types and purchasing general liability and workers' compensation coverage are not what Riskonnect is typically brought in for.
What can Next Insurance do that Riskonnect cannot?
Riskonnect covers Claims administration, Total cost of risk reporting, Policy and exposure management, Enterprise risk management.

Answered from the vendors’ own pages

Next Insurance: How much does NEXT Insurance cost?

NEXT Insurance general liability coverage starts at 19 dollars per month. The company provides customizable coverage through an AI-driven quote system. Discounts are available when you bundle multiple policies.

Source
Riskonnect: What does Riskonnect actually cost?

Nothing is published. Reported deals range from roughly 35,000 US dollars a year for a narrow deployment to well over 250,000 for a multi module enterprise programme, with implementation services quoted separately and often of similar magnitude in year one.

Next Insurance: What types of coverage does NEXT offer?

NEXT offers general liability insurance, workers compensation, business owner's policy, professional liability, commercial property, commercial auto, tools and equipment, employment practices liability, product liability, and liquor liability insurance for 1300 plus business types.

Source
Riskonnect: How long does implementation take?

Three to six months is typical for a claims and RMIS deployment, longer where historic loss data from several brokers or TPAs has to be normalised.

Riskonnect: Why not just use the broker supplied RMIS?

Because you lose it when you change broker, and the data model serves the broker reporting rather than yours. Owning the system is the main reason companies pay for one.

Riskonnect: Is it a GRC platform or a claims system?

Both, but the claims and insurable risk core is the mature part. If you want pure GRC without claims, you are buying more platform than you need.

Share

Related pages

More on Next Insurance

More on Riskonnect

Keep looking

Other head to heads