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How Target uses risk data to help manage claim and safety outcomes

Experience 2013: A preview of Target's session

Using predictive analytics and risk data to help manage claim and safety outcomes

I recently spoke with Eric Oldroyd, Group Manager, Risk Finance, with retail giant Target about his presentation at the upcoming Aon eSolutions 2013 Experience Conference in Atlanta. This will be the second time Eric has presented on the topic, but as you'll read in the Q&A below, Target has made major strides in its predictive analytics program, and Eric also plans to share some highly transferrable, practical advice about how risk managers can use RiskConsole to perform some basic, but still very useful, predictive analytics of their own.

Topics: risk management software data management Analytics, Reporting & Data Visualization

Risk reporting and mapping: How risk management software aids decision making

Risk and safety managers often frame answers to key risk questions in geographic terms. Reporting and analytics give the ability to transform all your data into easy-to-read and interactive charts and graphs that aid decision making. All risk management software vendors provide some level of built-in reporting and mapping, but the depth and ease of use will vary greatly.

Topics: risk management software data management Analytics, Reporting & Data Visualization

The blueprint: hierarchy and reporting structures in risk management software

“You’'ve got to get organized.” It may be something you say to yourself, even on a daily basis. Or it may be a “gentle reminder” you mention to someone at home or at work. When you'’re talking about implementing a risk management information system (RMIS), getting organized isn’'t optional, —it’'s mandatory. As a veteran of dozens of RMIS startups, I know firsthand the importance of designing and setting up organizational hierarchy and reporting structures.

Topics: risk management software

5 reasons organizations are investing in a RMIS


Risk Management Information Systems have been around for more than 40 years, yet according to Aon’s Global Risk Technology Survey, the majority of organizations have only really been benefiting from them for less than 10 years. So why now?

How Mosaic uses risk management software to manage corrective actions

Experience 2013: A preview of The Mosaic Company's session

Using diary and journal to maximize the effectiveness of corrective actions

Risk management software: Exp2013 logo
At the upcoming Aon eSolutions 2013 Experience Conference in Atlanta, I'll be joining LaDonna Williams and Pat Green of the Mosaic Company to lead a session discussing Mosaic's unique use of Aon RiskConsoleto manage corrective actions. This conference will be LaDonna's eighth Experience and Pat's third event.

I recently caught up with LaDonna, EHS Specialist and member of the Aon eSolutions Client Advisory Board, and Pat, EHS Systems Specialist, to discuss the session.

Topics: risk management software best practices

9 essential functions of a risk management information system

As well as the functionality you'd expect, such as claims management, today a risk management information system provides a wide range of functionality as standard. What is most important, however, is that your RMIS provider can build the system to match your processes, vocabulary, people and evolving business needs, while also improving efficiencies and delivering best practices.

Topics: risk management risk management software best practices 2018.10 redesign

Critical success factors in risk management software implementations

When your organization faces an IT implementation, how do you know the best place to begin? Identifying and developing the “critical success factors” (CSFs) that will shape and guide the project is a great place to start.

Topics: risk management software

The RMIS, renewals & efficiency: Make the process faster and easier

My post last week on renewals, the RMIS and a hardening market focused mainly on recent indications that the market for commercial insurance products appears to be hardening. In light of that news, I wrote about some steps risk managers can take to slow the rate of growth in premiums – —primarily by improving the quality and scope of their renewal submissions through the effective use of risk management software.

Topics: risk management software best practices