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Shutting down production for even a few hours for maintenance can have a tremendous impact on profits, which is why predictive analytics can help catch a potential problem before it arises.
Vehicle subscription platforms are a conundrum for underwriters, requiring coverage that lies somewhere between personal and commercial policies.
Effective enterprise risk management only works with board buy-in. Help board members understand how risks translate into financial loss.
If we stop emphasizing and implementing risk management ideas and processes, they become weak and ineffective. Go back to basics to rebuild strength.
Tell a compelling risk management story where you’re the hero to win over underwriters.
Professional liability coverage has the potential to be great.
Asian cultures have different risk appetites and recovery capabilities. Evidence shows facilities are being built repeatedly in disaster-prone areas.
How will college graduates be able to sell their skills? Maybe SNL’s Father Guido Sarducci had the answers all along.
Blockchain technology can ensure IoT devices have the latest security updates.
In risk management, it’s not just about managing risk. It’s about taking a risk.
Risk managers need to be on the top of their game in order to keep insurance companies compliant with new GDPR requirements.
Businesses that offer paid family leave are seeing a marked increase in employee retention rates.
Before you pitch a new safety initiative to the C-suite, understand what you want to achieve and have a detailed roadmap to get you there.
Catastrophic errors occur when businesses misapply data and statistical analysis.
5G networks may be 100 times faster than 4G, supporting a big increase in the number of connected devices and an explosion of data.
Nearly every insurer labors furiously to transform their business around data. Unfortunately, much of this labor is in vain.
University risk managers need to move forward and champion changes in the academic model.
Evidence-based medicine ensures positive outcomes for patients, employers and workers’ comp payers.
Reputational risks in food production can arise from quality control issues that result in injury to consumers. Assessing the supply chain is critical.
Compliance, collateral damage, termination and capital costs are highlighting the need for reputation risk transfer solutions.
Cumulative losses from social engineering scams cost billions. Train employees to detect scams and provide a convenient way to report suspicious activity.