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. [...]
From election risk, the impact of 5G, geopolitical tensions, deepfakes and more, the cybersecurity landscape is intensifying. What should risk managers consider when evaluating and articulating the business impact of these threats to senior [...]
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 [...]
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 disaster [...]
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 [...]
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 [...]
Has your organization made the decision to purchase a Risk Management Information System (RMIS)? If so, you are probably in the process of narrowing down potential vendors. An important step in this process is [...]
Risk management exists to identify, mitigate and manage events that can threaten the operational viability of an organization. If Risk Managers do not have line of sight to their risks, they cannot manage them [...]
Too often companies get stuck “making do” with spreadsheets and other outdated tools because, well, that’s the way it’s always been done. Having the right tool makes any job easier, and managing risk is no [...]
