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RISK MANAGEMENT BLOG

6 Signs it's Time To Change the Way You Manage Risk

 

Effective Risk Management is crucial to the success (and survival) of any organization. Traditionally, incidents and claims within an organization have been stored in file folders or excel spreadsheets. With this process there is little to no automation, a lot of duplication and limited ability to predict and mitigate future losses based on past trends. With the number of reported claims and near miss incidents on the rise, should your organization evaluate its current process? 

Answer these six questions to see if it's time for your organization to consider an upgrade:  

Topics: Risk Management Software incident report Claims Management risk manager high deductibles claims software risk trending report automated incident report incident reporting software software for risk management data management lower claims cost

3 Important Factors to Consider When Tracking Near Miss Incidents

 

Does your organization have a process and program enabled to easily report on near misses? Are corrective actions being implemented to lower the frequency and severity of future occurrences? Are employees risk sensitive? A near miss is an unplanned event that did not result in injury or damage - but had the potential to do so. When only reporting claims and omitting near misses, your organization is not getting the full picture of potential hazards.

Topics: Claims Management incident management software near miss near miss reporting incident management incident reporting root cause analysis root cause incident reporting software

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