Claims Management Corporate Risk Management/ERM FEATURED P&C Recent Stories Supply Chain risk modeling will be ‘transformational’ – Verisk Crime Analytics President David Shillingford, President of Verisk Crime Analytics, speaks with WRIN.tv to review the nature of today’s supply chain risk, and where he sees developments in risk assessment. While supply chain risk is a very broad topic, Mr. Shillingford says the major supply chain risks are political risk, environmental risk, water risk, and disruptions to the ports by either strike or … Read More
Claims Management COMMERCIAL RISK FEATURED Legislation/Regulation Workers Comp ACA hits Workers Comp insurers with Medicare reimbursement requirements…and fines for non-compliance The Affordable Care Act (ACA) is transforming the healthcare and health insurance industries. Here Jessica Smythe, a Medicare Secondary Payer Act Compliance Consultant with ISO Claims Partners, discusses how the ACA is also affecting workers compensation. Ms. Smythe says the impact of the ACA on Medicare and Medicaid is far-reaching. A large portion of the ACA was designed to curb … Read More
Claims Management COMMERCIAL RISK Data/Tech/Modeling FEATURED P&C Recent Stories Modeling ‘visible’ and ‘invisible’ supply chain risk – AIR Worldwide explains. WRIN.tv speaks Andy Kao, Director of Catastrophe Risk Engineering at AIR Worldwide, during the 2015 RIMS Conference New Orleans about modeling visible and invisible supply chain risk, and other model updates from AIR. According to Mr. Kao, corporations regularly evaluate their supply chain to determine where they spend to most money. This is considered their “visible supply chain.” Using risk … Read More
CAREERS/PROFESSIONAL DEVELOPMENT Education/Certification FEATURED People Recent Stories University engagement, internships, competitive pay…attracting young talent to insurance Jody Queen-Hubert from the St. John’s School of Risk Management speaks with WRIN.tv about a group of students she led to the 2015 RIMS Conference in New Orleans thanks to RIMS Student Involvement Program, and a grant by the ACE Foundation. She also discusses how best to attract millennials to the insurance industry. According to Ms. Queen-Hubert, students are … Read More
Agents/Brokers/Consultants Corporate Risk Management/ERM Data/Tech/Modeling EMERGING TRENDS FEATURED Recent Stories Cyber security starts with breaking down silos and communicating with all risk stakeholders – Marsh WRIN.tv spoke with Marsh’s Cyber Product Leader, Bob Parisi, during the recent RIMS Conference in New Orleans, about the pervasive nature of cyber threat and what risk managers can do to manage the risk. While it is hard to quantify the cyber threat to American businesses, Mr. Parisi says, “any company that touches and handles confidential information, … Read More
Claims Management COMMERCIAL RISK Data/Tech/Modeling FEATURED P&C Recent Stories Zurich NA CEO: supply chain, new technologies and cyber challenging risk managers WRIN.tv spoke with Mike Foley, CEO of Zurich’s North American Commercial Division, during the 2015 RIMS Conference in New Orleans. Here he discusses technology, capital and talent acquisition in the industry. According to Mr. Foley, the top issues facing risk managers today are globalization and supply chain fragility, technology (including drones and self-driving cars) and the ubiquity of data and … Read More
Agents/Brokers/Consultants Claims Management Corporate Risk Management/ERM Data/Tech/Modeling FEATURED Recent Stories Insurance industry needs to “demystify” risk analytics to gain greater acceptance John Merkovsky, Group Head of Risk Services at Willis, spoke with WRIN.tv during the 2015 RIMS Conference in New Orleans, about the latest in risk management analytics, and the need to unlock the mysteries surrounding their benefits. Risk Managers are looking for more information and certainty so they can make better and informed decisions. Mr. Merkovsky says risk analytics help … Read More
COMMERCIAL RISK EMERGING TRENDS FEATURED Recent Stories Specialty Lines Top D&O risks to executives: Regulation, M&As and Securities Litigation – Arch EVP. WRIN.tv spoke with John Rafferty, EVP at Arch Insurance Group about the recent trends in executive liability during the 2015 RIMS Conference in New Orleans. He said the top three executive risks facing large companies involve the regulatory environment, mergers and acquisitions (M&A) and securities class action litigation. According to Mr. Rafferty, the regulatory environment has become … Read More
Corporate Risk Management/ERM FEATURED P&C Recent Stories Working in Risk & Insurance Ironshore CEO discusses risk manager concerns, public-private partnerships, ACA and more. Prior to an arm of Fosun Group announcing intentions to acquire the 80% of Ironshore it doesn’t already own, WRIN.tv spoke with Ironshore CEO Kevin Kelley during the RIMS Conference in New Orleans. Here, he discusses the top concerns of risk managers, the impact of the Affordable Care Act (ACA) on the insurance industry, and Ironshore’s growth plans for the … Read More
Claims Management COMMERCIAL RISK Data/Tech/Modeling FEATURED Recent Stories Predicative analytics with “text mining” provides line of sight to loss trends With advances in data collection and new technologies, predictive analytics have become more and more prevalent among the risk management community. At the 2014 RIMS Conference, Steven Laudermilch, SVP of Claims ACE Claims Group, provided an overview of recent developments in predictive analytics, and offered some advice for risk managers. Mr. Laudermilch says one of the biggest misconceptions about predictive modeling … Read More
FEATURED INDUSTRY NEWS People Recent Stories Working in Risk & Insurance Community Service Day continues RIMS’…and Zurich’s commitment to New Orleans Following Hurricane Katrina in 2005, RIMS held its first Community Service Day in New Orleans in 2007. With the 2015 RIMS Annual Conference returning to New Orleans, Community Service Day returned to its roots. RIMS Executive Director Mary Roth and the CEO of Zurich’s North American Commercial Division, Mike Foley, discuss a long-term commitment to community service and the resilience … Read More
Claims Management COMMERCIAL RISK FEATURED Recent Stories Workers Comp Obesity, reclassified as a disease, will have major financial implications for Workers Comp At the RIMS Conference in New Orleans, MaryRose Reaston, the Chief Scientific Officer and Founder of Emerge Diagnostics, discusses the major issues related to workers comp claims, the reclassification of obesity as a disease and baseline testing. According to Ms. Reaston, the three biggest issues affecting workers comp claims including determining and accepting claims that only arise from the course … Read More
Corporate Risk Management/ERM Data/Tech/Modeling EMERGING TRENDS FEATURED Legislation/Regulation P&C Recent Stories Zurich CEO General Insurance on Cyber Report, a G20+20 Stability Board and more At the RIMS Conference in New Orleans, Zurich released its “Global Cyber Governance…” report. The report was developed in collaboration with the ESADE geo-Center for Global Economy and Geopolitics at Ramon Llull University in Barcelona. Here, Mike Kerner, CEO of General Insurance at Zurich Insurance Group discusses the key findings from the report, as well as recommendations for a cyber-governance … Read More
Claims Management Data/Tech/Modeling FEATURED INDUSTRY NEWS Recent Stories Effective Risk Management Information Systems (RMIS) help reduce cost of risk Risk Management Information Systems (RIMS) are becoming increasingly important in managing risk exposures and claims. During the 2015 RIMS Conference in New Orleans, WRIN.tv speaks with INFORM Applications President Alan Josefsek, who reviews the benefits of an effective RMIS. Mr. Josefsek points out that RMIS have been around for a long time. It is helping companies reduce losses and improve … Read More
Agents/Brokers/Consultants Corporate Risk Management/ERM EMERGING TRENDS FEATURED Recent Stories Aon’s Global Risk Management Survey reveals some surprises in risk ranking Aon released its Global Risk Management Survey during the RIMS Conference in New Orleans. Here, Rory Moloney, CEO of Aon Global Risk Consulting, reviewed the results of the survey, the “Risk Issues” facing companies today, and how they are affecting the role of risk manager. Mr. Moloney says the Top 5 Global Risks included: Brand and Damage to Reputation, Economic, … Read More
Accident/Disability COMMERCIAL RISK FEATURED P&C Recent Stories Working in Risk & Insurance “Lax” healthcare industry faces critical cyber risk issues A report published by ACE looked at the “critical risks facing the healthcare industry.” At the 2015 RIMS Conference, we spoke with Caroline Clouser, EVP – ACE Medical Risk Group, about the report, and what it means to healthcare risk managers. Ms. Clouser mentions several major issues facing the healthcare industry have been in the news lately, including emergency … Read More
Corporate Risk Management/ERM EMERGING TRENDS FEATURED Markets P&C Recent Stories Managing “dynamic” geopolitical risks…Marsh Global Risk and Specialties President advises. World Risk and Insurance News begins its coverage of the Annual RIMS Conference and Exhibition from New Orleans. Here, John Drzik, President of Marsh Global Risk and Specialties, provides here a macro view of the geopolitical risks affecting international businesses, the common mistakes risk managers make in addressing these risk. Mr. Drzik references the work Marsh does with the World Economic Forum, … Read More
Corporate Risk Management/ERM FEATURED Recent Stories Working in Risk & Insurance Top 3 Risk Manager Challenges: cyber, global expansion and technology – RIMS Executive Director The 2015 Annual RIMS Conference will attract over 10,000 industry professionals to New Orleans. Here with a preview is RIMS Executive Director Mary Roth. According to Ms. Roth, the top challenges facing risk managers heading into the conference are cyber and cyber security, global expansion and technology – including risks associated with technologies within the corporation. Risk managers are becoming … Read More