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 …

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 …

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 …

  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 …

      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, …

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 …

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 …

      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 …

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 …

  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 …

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 …

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 …

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 …

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 …

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, …

  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 …

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, …

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 …