Risk professionals and the insurance industry have long grasped the advantages of risk modeling, but they are just beginning to appreciate the value of predictive and geospatial analytics. The ability to predict outcomes — from the [...]
Total cost of risk, or TCOR, is still not a widely used metric in the risk management field. I wonder why? Maybe because it is hard to derive and fully understand, and maybe it [...]
As well as the functionality you'd expect, such as claims management, today a risk management information system provides a wide range of functionality as standard. What is most important, however, is that your RMIS [...]
All insurance relies upon spreading the risk between a variety of customers. Actuaries and underwriters rely upon historical data in order to set rates that should cover anticipated claims, allow their company a profit, and [...]
To effectively navigate the complexities and uncertainties of today's and tomorrow’s real estate markets, risk professionals rely on integrated risk management (IRM), as codified and realized in the proper risk management tools and strategies. An optimal [...]
Just as every vehicle owner knows that a good driving record can help keep auto insurance rates low, companies should be aware that a good safety record can help reduce all sorts of commercial [...]
A company’s ethos is set from the top, so shouldn’t it make sense that senior figures need to set the tone for the risk management culture as well? “You can’t control people through policies, procedures [...]
Workers' Comp Report highlights key claims findings for multiple industries August 14, 2023 09:00 AM Eastern Standard Time ATLANTA- Riskonnect Technology, the leading provider of risk, insurance and claims solutions, today announced an expansion to [...]
If the recent past is any indication, the not-so-distant future is likely to bring about even more complicated challenges in 2024 and beyond. However, with these challenges come opportunities as well, and firms with [...]
A successful risk manager is one that accomplishes his or her goals, but also achieves success through a well-balanced life. To be happy and successful, you'll need to construct a daily routine that addresses the fundamentals and tasks of your job [...]
Does your insurance lifecycle work like a luxury timepiece? Or does it feel more like a vicious cycle of stress? The current insurance environment is challenging, with more rules and regulations every year. Also, you [...]
Reduce Manual Work and Help Claims Adjusters Focus on Efficient Claims Management with a Claims Management System Claims management is often referred to as "the moment of truth" for insurance companies, ensuring that policyholders [...]
