In 2021, all industries are facing pressures to adapt and respond to a growing list of emerging risks and disasters. The last year has seen strides to amplify technology use, broaden the talent pool, and adopt innovative, data-driven, risk mitigation strategies. The 2022 risk landscape is changing faster than most organizations can keep up with, leaving executives and risk managers with the question: “How can I make my organization more resilient?”
Risk management departments have become commonplace and necessary for large public or private organizations that have broad and diverse operations. Risk management teams are responsible for keeping track of a huge amount of data, including details related to incidents, claims, insurance policies, physical assets, certificates, contracts, employees and more. Effective risk management relies on reports produced from this data to enhance visibility, inform decision making, and optimize risk organization-wide.