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RISK MANAGEMENT BLOG

Rebecca Webb

Recent Posts by Rebecca Webb:

How to Choose the Right Risk Management System

Organizations use risk management systems to track claims and risk information, analyze and report on data, and monitor and control the overall cost of risk management. You’ve recognized the need for a risk management system in your organization. Great! But how do you ensure that you choose the right system? There are several vendors to choose from, each slightly different. You also need to choose a system that’s right for your organization: it should be a tool to help you manage risk. It must streamline your process, not add another task.

There are three steps that will allow you to feel confident in the risk management system you choose for your organization. First, consider your internal environment. Then, use this to identify your primary and secondary system criteria. Finally, use this knowledge to research and select the vendor that is best suited to your organization.

Topics: risk management system risk management information system choosing a risk management system risk management vendor

7 Benefits of Risk and Claims Automation for Municipalities

Municipal risk managers have significant responsibilities. Resident complaints, employee incidents, and a continuous stream of claims are just some of the challenges that are compounded by an inefficient system and the need to juggle priorities. Claims and risk automation allows the public sector to streamline their processes and achieve numerous benefits.

Topics: claims software claims automation municipal risk management municipal risk municipal claims risk automation risk management for municipalities

3 Things You Likely Aren’t Getting From Your Adjuster’s Claims System

Many insurance adjusters and third party administrators (TPAs) provide claims systems as part of their services. While this is undoubtedly convenient, you may be leaving a lot on the table in terms of flexibility, independence, and data ownership. This post outlines some reasons why your organizations should consider seeking out an external claims system as opposed to relying solely on your adjuster’s or TPA’s built-in system.

Topics: incident reporting software Claims Management in-house software adjuster system

30 Questions to Ask Vendors to Reduce Cyber Risk

 

Deciding on any significant organizational change is difficult. There are multiple stakeholders to please, a budget to meet, and risks to manage. When the change involves choosing and implementing a new system, there are even more issues: establishing that it meets your organization’s security needs and expectations can be complicated. If you’re looking for a new system, here are 30 questions you may consider asking to determine if it’s the right option:

Topics: how to manage cyber risk cybersecurity cyber risks vendor risk management

4 Ways to Manage Supply Chain Risks

 

85% of surveyed global chains experienced at least one supply chain disruption risk in 2017. Deloitte has shown that organizations who proactively manage supply chain risk spend 50% less to manage disruptions. As always, proactive risk management is more cost efficient than reactive action. An efficient supply chain is essential for the production of quality products and effective customer service.

Topics: supply chain risks supply chain risk management

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