Risk data provides organizations with the opportunity to leverage information that will help to drive a more robust operational risk management (ORM) program, embedded within an effective enterprise risk management (ERM) framework. The imperative therefore [...]
By Jay Walkington, sr. director, data services at Riskonnect Your company has embarked on choosing a new RMIS solution. Researching vendors in the market to choose a comprehensive solution that meets your needs can [...]
The traditional way of understanding and measuring value for chief procurement officers (CPO) and their organizations has been buying “more products for less money.” However, new metrics and ways of creating and measuring the value [...]
According to Bloomberg, a study of quarterly earnings reports among companies in the S&P Energy index revealed an increase in use of Environmental, Social and Governance (ESG) related terms. Is this indicative of an increase [...]
By Marina Mats and Deepak Varshney With a return to “normal” still stubbornly distant, COVID-19 remains the prominent force shaping claims trends. In many places, restrictions were cautiously eased – just to be restarted when [...]
Traditional risk management reporting is a cumbersome, time-consuming process. Numbers are entered into a spreadsheet, those spreadsheets are combined with others from different sources, and – eventually – a report gets generated. Corresponding pie [...]
Driving Risk Management objectives requires a clear line of sight across your entire risk ecosystem. And the more risk you have, the more critical it is to get the information you need when you need [...]
Time is money. Every time information is delayed by data friction, there is a cost. Data friction drains productivity, is the enemy of efficiency, and can leave you reacting to something not anticipated because you [...]
Dashboards might be the best-kept secret in managing claims effectively. A well-executed dashboard shows you everything you need to assess the health of your claims operation at a glance. You can find answers and [...]
In today’s media-driven, socially connected world, it’s difficult for companies to hide any mistakes at all—let alone major foibles like instances of bribery and corruption. Yet, such instances are all too common—and damaging—for a [...]
Yes. No. Maybe so. Is your organization struggling to determine whether it should establish a board-level risk committee? If so, you’re not alone. In fact, unless your organization is subject to a regulatory requirement [...]
Luring young professionals into insurance careers requires more than deploying recruitment tactics like social media blitzes and career fairs. It requires creating roles that have meaning to this altruistic generation [...]
