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Making the most of Analytics: 5 key takeaways from Airmic

John Irving, Ventiv’s very own Commercial Director, EMEA, had the opportunity to run an informative workshop on the topic “Unlocking the unknown, the future of risk management analytics”. He shared his expertise in analytics and using AI to support key business decisions, as well as giving a demonstration of Ventiv’s RiskConsole system and Watson analytics.

Topics: predictive analytics RMIS analytics RiskConsole Advance

2017 in review – ERM is on the rise, but there’s still room for improvement

As businesses start to implement their plans for a new year, we’ve taken a look back at 2017 to review how the handling and perception of risk management has changed. From our team’s vast experience of working with our clients and other organisations in the industry, we’ve found overall that there is a rise in the understanding, and use of formal risk practices. However, as always, there is still room for improvement. 

Topics: risk management RMIS ERM

Leaving Spreadsheets in the Past


I recently read the article “Goodbye Spreadsheets, You’ve Had a Good Run”, by Mary Long.

Topics: RMIS

AIRMIC members see the Insurance Act as their highest concern

At this years' AIRMIC conference in Harrogate, we carried out a survey to determine the risk communities highest concern at the moment. Unsurprisingly, the impact of the Insurance Act came out on top with 31% of those who surveyed.

Topics: risk management RMIS insurance act airmic

Airmic 2016: The Insurance Act, a new frontier in risk?

This year’s AIRMIC conference was held at the HIC in Harrogate, from Monday 6th June – Wednesday 8th June, and focused on “New frontiers in risk” within the world of Insurance, which enabled numerous organisations to delve into the world of risk prevention and management, industry innovation, employee benefits, and much more.

Topics: risk management RMIS insurance act

A Thought from RIMS 2016 - RMIS Implementation Lessons Learned

With obvious interest, I attended a session at the 2016 RIMS Conference in San Diego moderated by Dave Tweedy of Bickmore, entitled “Critical Factors:  Selection Claims and Risk Management Information Systems”. On Dave’s panel were Michele Adams of The Walt Disney Company, Ron Carlson of The Church of Jesus Christ of Latter-day Saints, and Jeff Rowley of Salt Lake County, Utah. This was a well-constructed panel with a wide variety of viewpoints and experiences to share.

Topics: RMIS RIMS 2016

How Risk Management Software (RMIS) Saves Money

Most company managers are looking for ways for businesses to save money and grow. The Occupational Health and Safety Administration, usually called OSHA, declares that managing risks adds value to businesses. It's obvious that reducing work-related accidents and illnesses can reduce insurance premiums and related costs. However, safety also demonstrates value by helping to maintain a positive brand image and improving employee morale and productivity.

Topics: risk management RMIS risk management information system

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

What is an RMIS (Risk Management Information System)?

A Risk Management Information System (RMIS) is an integrated computer information system that is used to help decision makers evaluate risks and keep track of all relevant information. This information includes risk exposure, risk protection measures, and risk management. Examples of stored information include loss-control measures, property values, records of prior claims, and relevant insurance policies.

Topics: risk management RMIS

The Definitive Guide to Commercial Insurance Renewal

Collecting, consolidating and understanding the depth of data needed for the commercial insurance renewal process can be a daunting task for Risk/Insurance Managers, especially if they have to manage that process using a manual spreadsheet based system. Collecting data on hundreds, or even thousands, of commercial properties and managing this highly detailed data in a spreadsheet is not only a Risk/Insurance Managers worst nightmare, it also significantly increases the potential for human error and inaccurate data.

Topics: risk management RMIS risk management information system commercial insurance commercial insurance renewal