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The Associate in Cyber Risk Management designation is intended to bolster the knowledge of different stakeholders in the risk management and risk transfer professions.
Parametric insurance for natural catastrophes can teach us a lot about how parametric insurance for reputational risk works to our benefit.
“In the supply chain, there’s a significant push for increased visibility, which involves using technology to see beyond the first level down to the second, third, or even fourth tier. This integration between conveyances allows for tracking, tracing and predictive analytics.”
A recent study by Travelers revealed that 35% of workplace injuries occur during an employee’s first year on the job, resulting in more than 6 million missed workdays.
“Nonprofits are society’s last line of defense; they help when no one else can. Insurers know this and see the additional risks these organizations face — especially filling low-wage jobs with qualified personnel, which has always been a struggle.”
The synchronicity and success of the State of Ohio’s efforts to recruit and educate new risk management and insurance talent is worth emulating.
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When a workers’ comp claim lands in court, more risk managers are looking at data-based decision-making tools to ensure positive results.
The use of AI in underwriting, greater global volatility and the ongoing threat of cyber incursions will be key trends in 2025.
Technology advancements are enabling insureds and their risk management partners to get a better grip on the range of settlement amounts on some types of claims.
With several standards and regulations at play, manufacturers should be turning to their risk partners to meet compliance needs.
In this fictional scenario, business owners suffer when they lack the appropriate coverage.
Penn State’s Jared Wise pivoted from a background in commercial lines underwriting to become CRO of one of the Middle Atlantic’s largest educational institutions.