Mass Retirement For Boomers Adds Urgency To Insurance Talent Search
The Risk Institute at The Ohio State University Fisher College of Business recently released data from its Fifth Annual Survey. Ninety-five percent of firms reported impending impact due to the mass retirement of baby boomers, with 60% saying it will have a high to moderate impact.
March 24, 2020
Education & Training
Risk Management
Reputational Damage: Insurance Faces A Crossroads In Post-Coronavirus World
Right now, in the midst of the COVID-19 crisis, it is tough to imagine the fertile environment for insurtech start-ups that the sector has enjoyed can last much longer. The crunch from social distancing, if not out-and-out restrictions on economic activity, will undeniably freeze the flow of cash to untested ideas.
March 24, 2020
Catastrophe
Risk Management
Cybercriminals Exploiting COVID-19 To Spread Their Brand Of Viruses
The mounting threat of COVID-19 has placed the healthcare system of many nations under a huge amount of pressure, and cybercriminals could be exploiting this to spread viruses - but instead of biological ones, these are computer viruses.
March 20, 2020
Life & Health
Risk Management
Technology
How To Lead And Collaborate In Claims
Much has been written over the years about what sets great claims organizations apart from all others, but none of these analyses really apply anymore.
March 18, 2020
Education & Training
Risk Management
End Of Days, Part 1: With Everything Cancelled, Why Are We So Busy?
Perhaps it was just plain ignorance. It might have simply been complacency. We have, after all, survived the end of the world a number of times. But this one caught us by surprise. Who knew that there would be so much to do during the COVID-19 end of days?
March 17, 2020
Risk Management
Claims Management And Effective Risk Management
The nature of mature, and by inference effective, risk management programs has claim management as a key focus as well. While risk maturity is directly correlated with risk effectiveness, this latter term encompasses a much broader perspective on things that matter.
March 17, 2020
Education & Training
Risk Management
RIMS Cancels 2020 Convention Amid Coronavirus Spread
The Risk & Insurance Management Society Inc. on Monday canceled its annual conference due to be held May 3-6 in Denver amid the new coronavirus epidemic.
March 16, 2020
Risk Management
Employers Balance Coronavirus Disclosure with Privacy
Numerous privacy lawyers tell us they’re seeing a growing number of frantic requests from employers about disclosure protocol related to the coronavirus outbreak.
March 13, 2020
Life & Health
Risk Management
Measuring Productivity In The Age Of Smartphones
Do you remember the good old days? Back when it was easy to measure your team’s productivity by the number of cars in the parking lot. If you came in at 7:30 am, and the parking lot was full, things were probably flowing well. If you left at 5:30 pm, and the parking lot was still full, you could be certain it was a productive day.
March 13, 2020
Risk Management
Hackers Pounce as Coronavirus Spread Triggers Work-at-Home Movement
As businesses increasingly—and in rapid fashion—urge their employees to stay at home to work amid the coronavirus pandemic, another risk to companies is emerging. Cybersecurity experts warn that cybercriminals are moving in to target people not used to working from home and companies without work-at-home policies or cyber-safety nets.
March 13, 2020
Risk Management
Technology
In Battle Of Climate Activists Vs. Insurers, Who Will Be Left Standing?
From coal mines to fossil fuels and oil sands, the insurance industry is facing increasing pressure from activists, the public, and its own employees to move away from industries whose activities are purportedly causing environmental harm.
March 12, 2020
Risk Management
Risk Managers Advised To Prepare For Coronavirus D&O Claims
Businesses should brace themselves for a likely flood of shareholder suits related to the new coronavirus outbreak, but the success of any litigation may depend on companies’ willingness to fully disclose directors and officers liability-related risks now, say many experts.
March 10, 2020
Liability
Litigation
Risk Management
Data Security To Be Found In The Cloud
As the insurance industry continues down the path toward digital transformation, it is being inundated with data being generated by many different connected devices and systems. Enterprise data is growing so rapidly that analysts at IDC predict the worldwide volume of data will increase ten-fold to 163 zettabytes by 2025.
March 9, 2020
Risk Management
Technology
7 Ways Diversity and Inclusion Are Positively Impacting Insurance
In recent years, efforts to promote diversity and inclusion in insurance and other industries have become increasingly structuralized, hardwired into most companies’ business models.
February 26, 2020
Education & Training
Risk Management
Flipping The Narrative In An Industry Of Endless Possibilities
The current insurance industry is in a quasi-crisis in terms of talent. Over the next couple of years, there will be a mass exodus of legacy insurance professionals which will create a vacuum that must be filled by young talent. The talent gap stats have been blasted all over insurance articles so I will refrain from regurgitating that data here as the point of this article is deeper than statistical analysis.
February 26, 2020
Education & Training
Risk Management
