Softwr

Insurance · head to head

Riskonnect vs Splice Software

Riskonnect logo

Riskonnect

Insurance

Integrated risk management and claims administration for corporate risk teams

From
On request
Rated
-
Full reviewWebsite
Splice Software logo

Splice Software

Insurance

Digital transformation for insurance agents

From
$149/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: 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.; Splice Software pricing is not published; the site says pricing fits your budget without stating any figure
  • They diverge on capability: Riskonnect covers Claims administration, Splice Software covers Client portal.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Riskonnect and Splice Software actually diverge.

Attributes where Riskonnect and Splice Software differ
AttributeRiskonnectSplice Software
Starting priceOn request$149/month
Pricing modelquotesubscription
FoundedUnknown2015

Identical on both: free tier (No), platforms (Web, iOS, Android), 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 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

Only in Splice Software

  • Client portal
  • Policy management
  • Document management
  • Communication tools
  • Task automation
  • Client engagement tracking
  • Mobile app
  • Analytics dashboard

What people use each for

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

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 Splice Software
  • A risk manager building a defensible total cost of risk figure for the CFO across claims, premium, retained losses and collateralnot Splice Software
  • A third party administrator running claims for multiple clients that needs separate entity structures on one platformnot Splice Software
  • A multinational consolidating claims, safety incidents and enterprise risk registers onto one entity hierarchy for board reportingnot Splice Software

Splice Software

  • Automated outbound customer messaging across voice, text and emailnot Riskonnect
  • Personalised policy and renewal notifications for insurersnot Riskonnect
  • Opt-in and consent management for outbound contactnot Riskonnect
  • Automated surveys after a customer interactionnot Riskonnect

Where each one falls short

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

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.

Splice Software

  • Pricing is not published; the site says pricing fits your budget without stating any figure
  • Sold mainly into insurance and regulated industries, and much of its value comes from integrations with systems like Duck Creek, Majesco and EZLynx

Pricing, plan by plan

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

Splice Software

$149/month
  • Core$149/month
    • Client portal
    • Policy management
    • Document sharing
  • Professional$349/month
    • All Core features
    • Advanced analytics
    • Carrier integrations

Which should you pick?

Choose Riskonnect if

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

Choose Splice Software if

  • You need client portal.
  • You work on Web, Ios, Android.
  • You also want policy management.
Splice Software review

Questions people ask

Is Riskonnect or Splice Software better?
Neither clearly leads. Riskonnect starts at On request and Splice Software at $149/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Riskonnect or Splice Software?
Riskonnect starts at On request and Splice Software at $149/month.
Does Riskonnect or Splice Software run on more platforms?
Riskonnect runs on Web, iOS, Android. Splice Software runs on Web, Ios, Android.
What is Riskonnect best used for?
Riskonnect is most often used for 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 renewal, a risk manager building a defensible total cost of risk figure for the cfo across claims, premium, retained losses and collateral, a third party administrator running claims for multiple clients that needs separate entity structures on one platform, a multinational consolidating claims, safety incidents and enterprise risk registers onto one entity hierarchy for board reporting. Of those, 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 renewal and a risk manager building a defensible total cost of risk figure for the cfo across claims, premium, retained losses and collateral are not what Splice Software is typically brought in for.
What can Riskonnect do that Splice Software cannot?
Riskonnect covers Claims administration, Total cost of risk reporting, Policy and exposure management, Enterprise risk management. Splice Software covers Client portal, Policy management, Document management, Communication tools.

Answered from the vendors’ own pages

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.

Splice Software: How much does Splice Software cost?

Splice Software does not publish specific pricing rates online. The website states 'Pricing that fits your budget,' but directs customers to request a custom demo or contact the company directly to discuss pricing based on their individual needs.

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.

Splice Software: What is Splice Software's pricing model?

Pricing is customized per customer. Interested users must sign in to the application portal, request a demo, or contact Splice directly to receive a quote tailored to their specific requirements.

Source
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 Riskonnect

More on Splice Software

Keep looking

Other head to heads