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A look at who’s using risk management information systems

A risk management information system isn'’t suitable for all businesses.

Topics: risk management software best practices data management

What is a risk management information system & what can it do for you?

A risk management information system is technology that enables you to capture, manage and analyze all your organization’s risk and insurance data in a single, secure system. Using risk management software, organizations like yours can improve departmental efficiencies and generate savings on your total cost of risk. But, a RMIS and the expert support behind it offers much, much more. A RMIS helps you to improve data accuracy and reduce administrative burdens.

Topics: risk management software best practices

Successful RMIS implementations: Collaboration is vital

Remember how, in grade-school report cards, our teachers evaluated us on how well we “worked and played with others”? It all came back to me as I wrote this blog post focusing on the best ways I'’ve found to ensure collaboration between a RMIS provider and the client’s project team.

Topics: risk management risk management software best practices

The RMIS, renewals & outperforming hardening insurance markets

For risk managers, last week’s news that commercial property/casualty insurance rates rose an average of 5% in April over those of the same month a year earlier was a big story. The April increase, which matches a 5% rise in March, suggests a hardening of the market for commercial insurance products.

Topics: risk management software best practices

8 factors for a successful risk management software deployment

So you’re planning on deploying a new risk management information system, or RMIS. That'’s great news! Today'’s risk management software can be a powerful tool for effecting positive organizational change, —starting at the risk manager’s own desk and going right up to the C-suite.

Topics: risk management software best practices

One way to understand big data in the context of risk management

In a blog post earlier this year, I wrote about big data and what it means for risk managers and the insurance programs they manage. I proposed that it’s not too early for risk managers to start thinking about when and how they’ll board the oncoming big data train. And I suggested that risk managers spend some time reading up on the subject so that they’ll be prepared to contribute to enterprise-level discussions on the topic of big data.

Topics: risk management risk management software data management