Risk and claims organizations often rely on several disparate systems to process data, manage their programs, and provide customer service. With so many different systems in place, data tends to be siloed and departmental [...]
Too often companies get stuck “making do” with spreadsheets and other outdated risk management tools because, well, that’s the way it’s always been done. Having the right tool makes any job easier -- and managing [...]
Risk management is all about protecting an organization’s best interests by planning for uncertainty, minimizing threats, and mitigating losses. But what does a risk manager do on a day-to-day basis? And why is the [...]
Risk managers are concerned with the future. Still, it can be instructive and inspiring to look back to the past sometimes. So, what's the history of risk management? One very interesting book about this [...]
The pace at which technology is evolving is ever increasing – and people are eager to embrace it. Consider this – in 2019 there were 5.112 bn mobile users, 4.388 bn internet users and [...]
A risk management information system is technology that enables you to capture, manage and analyze all your organizations risk and insurance data in a single, secure system. Using risk management software tools, organizations like yours can [...]
Insurance organizations are faced with meeting the demands of an ever-changing world, with complex administrative processes and substantial workloads. Competition is fierce, and policyholders have high expectations for self-service and quick access to information. Manual [...]
SO DEFINES A RISK MANAGEMENT FRAMEWORK as “a set of components that provide the foundations and organizational arrangements for designing, implementing, monitoring, reviewing and continually improving risk management throughout the organization”. ISO’s 31000:2009 risk management standard [...]
As markets have changed and evolved with a global pandemic, threats of war, and political unrest, more banks are increasingly concerned with risk. Assessing risk is no longer a guessing game, but one powered [...]
As we step into 2022, we wanted to take a moment to not only reflect on the most pervading lessons learned through the COVID-19 pandemic but to also look forward, thinking strategically about how companies [...]
Protecting sensitive information should be the highest priority for any business. Information breaches can have a wide range of serious consequences, such as damage to your company’s reputation, leaked personal information, and direct monetary losses. [...]
Caught in today’s fast-evolving risk landscape, many organizations are realizing they need to manage risk in a more organized and calculated way than can be done in spreadsheets. And a RMIS system is often [...]
