Top 7 Business Continuity Platforms for Insurance Companies in 2025

In the insurance industry, a continuity plan can’t just check a box, it has to perform when the pressure’s on.

But that’s tough when your plans are buried in outdated documents, your data’s scattered across departments, and your software (if you have any) assumes you have a full-time team managing it.

If you’re piecing things together with spreadsheets and goodwill, you’re not alone, and you don’t have to keep doing it that way.

This guide breaks down the top 7 BCM platforms for insurance companies in 2025, so you can find a solution that works the way you do: efficient, clear, and audit-ready

Why Business Continuity Software Matters for Insurance Companies

• Meet Regulatory Compliance

Insurance carriers in the United States are held to rigorous business continuity standards—and failure to comply can lead to fines, investigations, or reputational damage.

 For instance, Washington State requires insurers to maintain written continuity plans covering data backup, recovery, alternate communications, and regulatory reporting.
New York's DFS Circular Letters mandate separate plans for continuity and disaster recovery, annual impact analysis, and customer assistance protocols during disasters.

Using BCM software makes it easier to align with these and other state, federal, and international regulations—like ISO 22301, the global standard for business continuity management. With the right tool, compliance becomes part of your process, not a separate burden.

• Manage Operational Risks

Compliance is just the beginning. Insurance companies face rising operational threats—from cyberattacks and IT outages to climate-driven disasters and vendor failures.

The right BCM software helps you protect sensitive data, maintain customer service, and stay operational under stress. It brings consistency, structure, and visibility to your response strategy—so you can reduce disruption and build trust with customers and regulators alike.

4 Key Features to Look for in BCM Software

Business Impact Analysis (BIA)

A strong BIA software helps insurers identify critical processes, set recovery time objectives, and quantify the impact of downtime. This enables smarter prioritization, reduces disruption costs, and helps maintain operational continuity—even under pressure.

• Risk Assessment

Risk management features help insurers align BCM with their risk models, identifying and mitigating sector-specific threats. It allows insurers to proactively address vulnerabilities and reduce exposure to potential losses.

• Incident Response Management

Software should provide tools for creating, maintaining, and executing response plans, ensuring that disruptions are managed effectively. A structured response minimizes confusion, reduces downtime, and protects customer trust.

• Compliance Reporting

Automatic report generation is critical for demonstrating compliance with state regulations, protecting companies from penalties. Automated report generation ensures that insurers can quickly provide evidence of compliance during audits or regulatory reviews.

• Communication Management

Clear communication tools help maintain service and regulatory transparency during a crisis, a critical factor for insurance companies. Consistent, accurate communication protects customer relationships and ensures all stakeholders are informed.

Top 7 Business Continuity Software for Insurance Companies in 2025

Here we’ve compiled the best BCM software for insurance companies.

1. BCMMetrics

Developed by experienced BC professionals at MHA Consulting, BCMMetrics is a practical, cost-effective BCM solution designed specifically for organizations that need an efficient, straightforward platform.

Key Features:

• Business Impact Analysis Tools: Streamlined data collection with pre-built templates for quick assessments.
• Compliance Confidence: Provides pre-established assessment questions aligned with industry standards, ensuring insurers meet state regulatory requirements.
• Incident Management: Tools for recording and tracking incidents, with templates for managing response actions.
• Document Management: A centralized repository for all BC plans and documents, with version tracking and approval workflows.
• Reporting and Analytics: Automated reports, including compliance assessments and trending analysis.

Pros and Cons:

• Pros: Easy to use, flexible pricing, and developed by experts.
• Cons: May be too detailed for very small insurance companies.

Best for: Insurance companies who want a proven, affordable solution.

Consider if: You need deep GRC integration with other enterprise platforms.

2. Quantivate

Quantivate is a comprehensive GRC (Governance, Risk, and Compliance) solution that extends beyond business continuity to include risk management, vendor management, and compliance management.

• Key Features:
  • Integrated Risk Management: Centralized management of risks across business units.
  • Compliance Tracking: Built-in templates for regulatory compliance reporting.
  • Automated Notifications: Real-time alerts for compliance updates and incident response actions.
  • Business Impact Analysis (BIA): Automated tools for identifying critical processes.
• Pros and Cons:
  • Pros: Simple to use, good for general GRC needs.
  • Cons: Lacks advanced reporting and benchmarking.

Best for: Scaling insurers.

Consider if: You need in-depth BCM analytics or peer benchmarking.

3. Fusion Risk Management

Fusion is an enterprise-grade BCM platform known for its data integration capabilities, making it ideal for large insurers with complex operational structures.

• Key Features:
  • Data Integration: Seamlessly connects with other systems, providing a unified view of continuity and risk management data.
  • Advanced Analytics: Offers predictive analysis for identifying potential disruptions.
  • Compliance Reporting: Customizable dashboards for real-time tracking of compliance metrics.
  • Scenario Planning: Create and test multiple disruption scenarios to ensure preparedness.

• Pros and Cons:

• Pros: Comprehensive and customizable, advanced analytics.
• Cons: May be overly complex for small insurers.

Best for: Enterprise insurance firms.

Consider if: You need something easier to deploy and maintain.

4. LogicManager

LogicManager is a versatile platform focused on risk management and regulatory compliance, making it an excellent choice for insurers needing comprehensive BCM.

• Key Features:

• Risk Assessment and Management: Centralized tools for assessing and mitigating risks across business units.
• Automated Workflows: Streamlined approval processes for business continuity plans.
• Compliance Tracking: Customizable templates for meeting state insurance regulations.
• Incident Management: Record and track incidents with predefined templates and reporting options.

• Pros and Cons:

• Pros: Strong integration with risk management.
• Cons: Can be difficult to customize for insurance.

Best for: Risk-first organizations.

Consider if: You prefer simplicity and BCM-specific workflows.

5. Riskonnect

Riskonnect is an advanced BCM and risk management platform offering comprehensive risk, compliance, and vendor management capabilities.

• Key Features:

• Integrated Risk Management: Unified dashboard for managing risks, compliance, and business continuity.
• Regulatory Compliance Tracking: Automated reporting aligned with state insurance requirements.
• Incident Management: Real-time tracking of incidents with customizable response plans.
• Vendor Risk Management: Tools for assessing third-party risks, critical for insurers reliant on external providers.

• Pros and Cons:

• Pros: Strong compliance tracking and risk management.
• Cons: Higher cost and complexity.

Best for: Vendor-heavy operations.

Consider if: You want something more focused on BCM alone.

6. Preparis

Preparis is a user-friendly BCM and crisis management platform designed for smaller insurance companies seeking simplicity without sacrificing functionality.

• Key Features:

• Crisis Communication: Built-in tools for sending notifications to employees during disruptions.
• BIA and Risk Assessment: Templates for assessing critical processes and risks.
• Incident Management: Tools for creating, maintaining, and testing incident response plans.

• Pros and Cons:

• Pros: Simple and affordable for small insurers.
• Cons: Limited reporting and customization.

Best for: Small or regional carriers.

Consider if: You need deeper reporting or compliance coverage.

7. Noggin

Noggin is a flexible BCM platform offering multi-scenario planning and crisis management capabilities, making it suitable for insurers facing diverse risks.

• Key Features:
  • Multi-Scenario Management: Create and test response plans for various incidents.
  • Regulatory Compliance: Built-in templates for compliance reporting.
  • Communication Tools: Real-time alerts and notifications for stakeholders.

• Pros and Cons:

• Pros: Effective for crisis management.
• Cons: Limited BIA and compliance features.

Best for: Crisis-specific teams.

Consider if: You need full BIA, compliance, and plan lifecycle tools.

Why BCMMetrics is the Best Business Continuity Software for Insurance Companies

BCMMetrics stands out because it is designed specifically to address the challenges faced by insurance companies. 

Its advanced BIA with dual methods allows for faster, more accurate impact analysis, while the Predictive Risk Assessment provides actionable insights for continuous improvement. 

The Compliance Confidence module simplifies regulatory tracking, ensuring insurers can meet complex requirements without manual effort. 

Finally, Industry Benchmarking gives insurers clear visibility into their BCM maturity compared to peers, a feature rarely matched by competitors.

Ready to Strengthen Your Business Continuity?

BCMMetrics helps insurance teams build strong, audit-ready continuity programs, without getting bogged down in overly complex software.

Ready to see how it in action? Book your free demo today and find out how BCMMetrics can help your team stay compliant, resilient, and ready for whatever comes next can elevate your business continuity management? Book your free demo today.