Tips to mitigate the impact of the coronavirus pandemic on insurable risk With all of the questions and unknowns surrounding COVID-19, companies everywhere are struggling to balance being a good corporate citizen with [...]
If you received a shocking renewal rate, you aren’t alone. After a decade of flat or declining rates, insurers have raised prices aggressively over the past year – and there’s no relief in sight. Increases [...]
What differentiates a high-performing compliance process from the merely adequate? The unobstructed flow of information across all parts of the organization. Stand-out compliance programs give all authorized stakeholders access to the same high-quality, real-time [...]
More than 80% of risk managers rely on a RMIS to get a clear line of sight into insurable risk, drive new process efficiencies, and lower total cost of risk (TCOR). The insight and intelligence [...]
By Norman Marks, CPA, CRMA Very few organizations have what I would call effective risk management systems: robust functions and processes that enable risk-aware decisions at every level to support the realization of key [...]
Following two years of devastating wildfires in California, Wall Street now incorporates a new risk metric when evaluating companies: climate resiliency. There is a good reason for this. There have been 10 weather and climate [...]
Risk and compliance professionals instinctively know that technology can improve efficiency and provide more timely and accurate data for insightful decision-making – but hard data on the expected return on investment has historically been hard [...]
You may think a Risk Management Information System (RMIS) will solve all of your broken risk management processes. But I’m going to let you in on a little secret…it won’t. The only way to [...]
A Risk Management Information System (RMIS) is a significant investment. Like other functional technologies, for example: CRM, supply chain or HR benefits systems, there is a logical point in a risk management function’s maturity that [...]
The cost of spreadsheet errors ranges from embarrassing to catastrophic – from money lost to bruised reputations. Major financial services companies to top tier universities have suffered public damage because of spreadsheet errors. Something as [...]
