The 365 day-a-year renewal cycle can become a perpetual hamster wheel, which picks up speed somewhere between four-to-six months out from the renewal date. Inevitably, the short-term needs can overtake the opportunity for future planning. The renewal process is time consuming, which often does not allow the ability to be strategic. Many feel that being strategic is aspirational, but the time just is not there to accomplish those good intentions. In this session at RIMS 2021, Louise Pennington from Willis Towers Watson explains the benefits of a sustainable risk strategy that serves your organization 365 days a year. It is
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The last 20 years have produced an increasing number of disruptive, complex and unpredictable events, even black swans. In this session at RIMS 2021, two risk management experts explore ways to identify and assess exposures to build resiliency to these events in your organization. Guests included: Bob Bowman – Senior Director, Risk Management, The Wendy’s Company Chris Mandel – President & Managing Consultant, Excellence in Risk Management, LLC While the risks less understood are difficult to address, they are often so substantial in impact that they can’t be ignored. Black swan events, while, by definition, are unpredictable, there are still
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With federal workplace laws becoming increasingly complex and state mandates continually changing, employers are looking for ways to establish a consistent leave of absence approach across the organization. This RIMS 2021 session offered clarity on leave of absence and accommodation details and best practices. Speakers included: Shawn Johnson, Managing Director, Workforce Absence Solutions, Sedgwick Adam Morell, Director, National Technical Compliance, ADA Accommodations, Sedgwick The Difference Between ADA and Return-to-Work Programs An ADA accommodation is when you provide an employee some revised method, tool(s) or resources that will allow them to accomplish the essential functions of their job. Accommodations could be
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In the RIMS-CRMP core competency model, “designing organizational risk strategies” refers to how a risk management professional uses the collective research from the stage of analyzing the business model to design a “fit-for-purpose” risk management strategy based on the needs of the organization. In this session at RIMS 2021, Dr. Joseph Milan, Principal at JA Milan and Associates, discusses the seven main components of designing organizational risk strategies in preparation for the RIMS-CRMP certification. What is the RIMS-CRMP Certification? The RIMS-CRMP is a certification that defines extremely high achievement of risk management competencies for the risk management professional. This certification
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The age of the driverless car has arrived. Vehicle automation is emerging in the marketplace and may come to predominate in the next decade. In this session at RIMS 2021, David Klein of Pillsbury Winthrop Shaw Pittman LLP explains the legal and insurance implications of this shift. The argument for driverless technology is compelling. According to the National Highway Traffic Safety Administration (NHTSA), 94% of serious crashes are due to human error. In 2018, there were over 36,000 traffic fatalities, with nearly $600 billion in loss of life and lost quality of life due to injuries. Driverless cars also offer
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2020 was an unprecedented year for all industries, especially the airline industry. In this RIMS 2021 session, Lee Garvin, JetBlue’s Director Risk Management, explained how the company met their recent risk management challenges with safety at the forefront and continues to maintain an award-winning workers’ compensation program. According to Garvin, it has been quite a journey. From day one, his team was tasked with creating a safe work atmosphere for crew members and a safe travel environment for their customers. Concurrently, the company had injured workers that could not get treatment due to medical providers halting many services and procedures.
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Are you still performing risk management responsibilities as you did in 2019? What may have worked then certainly may not work now, given the uncertainties of 2020 and 2021. In this session at RIMS 2021, James Green, Director of Risk Practices at Origami Risk, uncovers what risk managers can do to stay relevant moving forward. How Risk Management Stays Relevant Post-Pandemic Understand that only checking a box won’t work anymore. Risk managers need to be more than a compliance function, in regards to meeting more than the bare minimum required to pass an audit. Strive to be more proactive with
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A risk management professional has many opportunities to engage, influence, and build organizational risk competencies in various decision-making environments. In this RIMS 2021 session, Dr. Joseph Milan from JA Milan and Associates LLC highlighted five ways to integrate risk management into multiple levels of the organization. Develop Training As a risk professional, it is important to lay out a plan to determine how to educate individuals in the organization about their responsibilities. Your audience could be executive leadership, a risk committee, risk champions and/or frontline managers. You will need to determine what type of curriculum you want to develop, what
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Most professionals know LinkedIn as the social media site used to update your career information or search for new opportunities, but its uses have vastly expanded. LinkedIn now offers training tools, suggested professional groups and ways to build meaningful peer connections. In this session at RIMS 2021, Maryann Hoff, Senior Risk Control Manager, advises risk professionals on expanding their professional presence through LinkedIn. LinkedIn has been in use for over 18 years now, but it still maintains its core purpose: to connect professionals worldwide while connecting and learning together. Here, Maryann breaks down the most critical elements to staying engaged.
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Artificial intelligence (AI) can provide limitless opportunities for an organization looking to improve its processes, but how can its core functions assist everyday claims operations? In this session at RIMS 2021, Sandip Chatterjee, SVP of Analytics at Marsh Advisory, discussed the current state of AI in claims, including the lack of widespread adoption and its continuous evolution. AI in the World of Claims Management There are a number of applications for AI in the claims process, but use varies based on a company’s processes. It can be used in the initial claims assignment process to drive the best outcome possible,
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