Years in Risk Management: 12 Years in Insurance: 12 Role in URMIA this year: Affiliate member through insurance broker WTW What's the biggest change you've seen in the risk management and insurance industry since you've been in it?
This year, there were more questions in the areas of membership, risk management reporting, and RFPs, seemingly directed at the operational areas of the risk management department, its placement in the organizational chart, where risk management reports, and how broker services are acquired
1 Comment - no search term matches found in comments.
The world for risk managers changes daily as it does for insurance carriers, underwriters, brokers, and other risk professionals that comprise the commercial insurance ecosystem and the ancillary firms that support the industry
Analyzing plan members’ medical and pharmacy claims data is a task most often left up to your human resources team, carrier, or broker. But today’s risk management pros can add data analysis to their list of responsibilities
Industry surveys indicate that a significant majority of brokers’ education clients purchase cyber insurance, the best take-up rate by industry
Not just other institutions from around the country, but also other brokers (who would normally be competitors) provide an amazing amount of advice on different issues we see within higher education
Be able to tell your carrier your process to establish, monitor, and update the values. Use your broker and carriers to help you analyze your exposures and try to mitigate that risk
This non-standardized data is often shoehorned into the SOV and handed over to a broker, who then attempts to clean up the data the best they can before taking the portfolio to market. Brokers understand that they need to format the SOV data in a way that underwriters' catastrophe modeling software can understand
I spoke with many people in higher education risk management who worked as chief risk officers, risk directors, and safety officers and I talked with people in private insurance companies, too, including underwriters, brokers, claims adjusters, and countless other positions.”
Identify an internal project manager who will lead from RFP development through implementation (and beyond, if possible). Before initiating the RFP process, identify and work closely with the IT professional(s) who will support this endeavor internally
Still can't find what you are looking for?
Search By Specifics