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Chris Mandel is SVP, strategic solutions for Sedgwick and Director of the Sedgwick Institute. He is a long-term risk management leader and a former president of RIMS. He can be reached at [email protected].
The nature of COVID-19 has led some states to legislatively amend the workers’ compensation social contract and shift virus costs to employers and insurance carriers retroactively. The costs could be staggering.
The impact of COVID-19 is unprecedented, yes. But a more aggressive approach might have allowed us to better weather the disruptive storm we’re now in.
From testing your qualifications to creating your vision and strategy, here are a few building blocks to helping you become a successful risk leader.
Risk managers need to be on the top of their game in order to keep insurance companies compliant with new GDPR requirements.
As insurtech is reconfiguring the way the insurance world works, there is plenty of room for similar efforts on the risk management side.
The risk management community must come to terms with the new reality of this increasing uncertainty.
Workers’ comp professionals have a broad array of tools at their disposal to help combat the ongoing problem of opioid abuse.
The disruptive influence of evolving risks has the potential to drive innovation in the insurance industry and beyond.
A more collaborative approach to claims is well suited to meet the over-arching goal of a healthy, productive workforce.
All stakeholders must understand and agree upon your organization’s definition of risk in order to effectively manage it.
There’s no one right way to practice risk management, but there are numerous elements that the best risk strategies have in common.
The adoption of risk standard ISO31000 is at an all-time high, but U.S take-up lags behind.
Risk aversion for its own sake does not constitute a true risk culture.
Newly-formed national association ARAWC works to create viable options to the traditional workers’ comp system.
Catastrophic risk transfer is critical to a successful and sane risk management strategy for workers’ compensation.
Many stakeholders still have a blind spot when it comes to the true cost of workers’ comp exposure risk.
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