A risk management information system isn't suitable for all businesses.
Aon eSolutions Staff, on May 23, 2013
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, 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.
Leslie Sargent, on May 22, 2013
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 clients project team.
For risk managers, last weeks 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.
So youre 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 managers own desk and going right up to the C-suite.
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 its not too early for risk managers to start thinking about when and how theyll board the oncoming big data train. And I suggested that risk managers spend some time reading up on the subject so that theyll be prepared to contribute to enterprise-level discussions on the topic of big data.