Risk Management

Before 2020, did any auditor or risk manager ever mention a pandemic risk to any regulator, carrier, prospect or client?

In this week's Six Things, 'Fake News' reaches risk management. Plus, creating the future of distribution; how to evaluate AI solutions; you can still have personal interactions; what my $18,289 medical bill says; and more.

Communicating risk with data will start shifting your work culture to predictive risk management, but don't forget the human element.

How you prioritize claims and related activities will have significant effects on how you can contribute to organizational success.

Companies with sound ERM practices were better-positioned to deal with the pandemic than those with less sound or no ERM.

To modernize at the scale and speed required, ​"low-code" application development tools should be incorporated within the enterprise.

Insurers need a comprehensive yet customizable approach to assess operational risk quickly and dynamically and chart responses to COVID-19.

To provide insurance services based on consumers' needs, we should pause and try to understand deeply how they measure risks.