Softwr

Insurance · head to head

Riskonnect vs Vanta

Riskonnect logo

Riskonnect

Insurance

Integrated risk management and claims administration for corporate risk teams

From
On request
Rated
-
Vanta logo

Vanta

Cybersecurity

Compliance automation platform for SOC 2, ISO 27001 and similar frameworks.

From
On request
Rated
-

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.; Vanta no published pricing for any tier; all plans require requesting a demo and contacting sales
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Riskonnect and Vanta actually diverge.

Attributes where Riskonnect and Vanta differ
AttributeRiskonnectVanta
Pricing modelquotesubscription
PlatformsWeb, iOS, AndroidWeb, API
CategoryInsuranceCybersecurity

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated).

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 Vanta

Nothing recorded that Riskonnect does not also cover.

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

Vanta

  • SaaS and fintech companies needing rapid SOC 2 certification for enterprise salesnot Riskonnect
  • Healthcare organisations automating HIPAA compliance managementnot Riskonnect
  • European companies managing GDPR and privacy compliancenot Riskonnect
  • Organisations implementing ISO 27001 and other security standardsnot Riskonnect
  • Companies conducting vendor security assessments and managing third-party risknot 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.

Vanta

  • No published pricing for any tier; all plans require requesting a demo and contacting sales
  • Essentials tier limited to one compliance framework; organisations needing multiple frameworks must upgrade to higher tiers
  • Plus and Professional tiers feature unclear differentiation; specific pricing and included questionnaires not published
  • Enterprise pricing fully custom; no transparency on costs or what features are included
  • AI questionnaire automation capped at 25 annually in Plus tier, only 144 annually in Professional tier

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

Vanta

On request
  • Essentials$undefined/variable
    • One compliance framework
    • Vanta AI Agent features
    • Automated evidence collection
  • Plus$undefined/variable
    • All Essentials features
    • Enhanced AI Agent capabilities
    • AI-powered questionnaire automation (25 annually)
  • Professional$undefined/variable
    • All Plus features
    • 144 questionnaires annually (marked 'Most Popular')
    • Risk management tools
  • Enterprise$undefined/variable
    • Fully customisable package
    • Flexible, scalable, advanced compliance
    • Tailored to sophisticated GRC requirements

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.

Choose Vanta if

  • You work on Web, API.

Questions people ask

Is Riskonnect or Vanta better?
Neither clearly leads. Riskonnect starts at On request and Vanta at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Riskonnect or Vanta?
Riskonnect starts at On request and Vanta at On request.
Does Riskonnect or Vanta run on more platforms?
Riskonnect runs on Web, iOS, Android. Vanta runs on Web, API.
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 Vanta is typically brought in for.
What can Riskonnect do that Vanta cannot?
Riskonnect covers Claims administration, Total cost of risk reporting, Policy and exposure management, Enterprise risk management.

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.

Vanta: How many compliance frameworks does Vanta support?

Vanta supports 35+ compliance frameworks including SOC 2, ISO 27001, HIPAA, GDPR and custom frameworks.

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.

Vanta: Does Vanta automate questionnaires?

Yes. Vanta's AI Agent can automate questionnaire completion, with the number of annually supported questionnaires varying by plan (25 in Plus tier, 144 in Professional tier).

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.

Vanta: How many integrations does Vanta support?

Vanta integrates with 300+ pre-built system connections and supports over 90% automation of compliance tasks through these integrations.

Source
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

Other head to heads