Show Me the Data!
- Topics:
- Enterprise Risk Management
- Tags:
- Finance,
- Financial Planning,
- Financial Services,
- Management,
- Risk Management,
- Risk Manager,
- Strategy
FREE Registration is required
Overview: Knowledge is power, or so the axiom goes. This is no truer than in the risk management industry, which has to handle an increasingly mind-numbing array of information. Risk managers must collect whatever data they can, analyze it and distribute it to a global base. For many, data management includes premium numbers; data on locations, vehicles and human resources; exposure analyses; policy and coverage management; loss and claims data; and loss forecasting. Risk managers often buy a risk management information system (RMIS) to slice and dice the data so they can run loss projections. As technology has improved the efficiency of these processes. The Internet provides an electronic exchange among risk managers, brokers and insurers. Intranets offer an efficient, secure exchange of data between an enterprise's worldwide locations and its central risk management office. One big issue risk managers must overcome when chasing their loss and claims information is specificity. Risk managers often buy a risk management information system (RMIS) to slice and dice the data so they can run loss projections
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jan 2003 | Pages: 1
