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A Brief Summary of the Long History of Risk Management

 

Risk managers are concerned with the future. Still, it can be instructive and inspiring to look back to the past sometimes. So, what's the history of risk management? One very interesting book about this topic, "Against the Gods: The Remarkable Story of Risk," contends that the true dividing line between what we should call ancient times and modern times is mastering risk. In this book, Peter L. Bernstein contends that when people began to understand how to predict and manage risks, they also began to understand that the future did not just hold random events generated by the will of the gods or the whims of nature.

Considering investing in an RMIS? Download our free "Definitive Guide to Risk Management Information System" here.

Topics: risk management fun facts history

Top 5 Risk Management Myths

Many companies avoid utilizing risk management software due to their belief that risk management software and risk management information systems are prohibitively expensive. In actuality, risk management software and a quality risk management information system is one of the safest, easiest and cost affordable ways for a company to mitigate risk. There are plenty of other myths that businesses believe regarding risk management, which in turn prevent businesses from operating at their maximum potential. This article highlights five myths that businesses believe to their detriment.

Topics: RMIS risk management information system myths fun facts