6 Tips for Performing a Successful Root Cause Analysis

6 Tips for Performing a Successful Root Cause Analysis

Root Cause Analysis (RCA) gets to the bottom of an issue so that action can be taken to fix it permanently. By systematically peeling away layers of causes and effects, RCA identifies breakdowns in processes and systems that contributed to the event. Done correctly,...
How to Knock Your Claims Software Implementation Out of the Park

How to Knock Your Claims Software Implementation Out of the Park

Your claims administration software contract has been finalized and signed. Now what? How do you go from looking at claims administration software vendors for the past six months to actually using claims administration software in your day-to-day operations? The...
Why Insurance Data Governance Should Be Your 2017 Priority

Why Insurance Data Governance Should Be Your 2017 Priority

The insurance industry uses data analytics to support its critical business decisions –i.e. whether to provide an organization coverage, what types of coverage to underwrite, and what level of premiums to set.  All of this data has an enormous impact on the...
5 Ways a RMIS Can Help You Proactively Manage Your Insurance Program

5 Ways a RMIS Can Help You Proactively Manage Your Insurance Program

Many Risk Managers regularly rely on their brokers or even their carriers to answer questions about their insurance program such as, “Do I have enough coverage for this new claim that came in?” or “Are there any gaps in my current coverage?” While the questions get...
The Key to Unlocking Strategic Intelligence in Your Risk Data

The Key to Unlocking Strategic Intelligence in Your Risk Data

Traditional risk management reporting is a cumbersome, time-consuming process. Numbers are entered into a spreadsheet, those spreadsheets are combined with others from different sources, and – eventually – a report gets generated. Corresponding pie charts or bar...
5 Best Software Tools for Managing Risk

5 Best Software Tools for Managing Risk

Too often companies get stuck “making do” with spreadsheets and other outdated tools because, well, that’s the way it’s always been done. Having the right tool makes any job easier, and managing risk is no exception. New risk technology is challenging the status quo...
Claims Self-Administration: To Be Or Not To Be?

Claims Self-Administration: To Be Or Not To Be?

The decision to self-administer claims should not be made lightly nor quickly by any organization.  Claims self-administration requires taking full control of the claims handling function in-house versus leveraging the stability and expertise of a third party to...
5 Reasons Why 82% of Risk Managers Use a RMIS

5 Reasons Why 82% of Risk Managers Use a RMIS

Risk management exists to identify, mitigate and manage events that can threaten the operational viability of an organization. If Risk Managers do not have line of sight to their risks, they cannot manage them well. TCOR goes up. Exposure to risk goes up. Pressure on...