RMI 3502 Lecture 5: topic 5 articles
7 Aug 2016
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Risk industry must develop mitigation and financing strategies in order to continue offering value to clients. Oct 07, 2014 | by staff writer property casualty 360. According to aon, the leading global provider of risk management and human resource solutions, many of the risks that businesses list as their most pressing are uninsurable within current policy structures, which is both disappointing and cause for real concern. To remain sustainable and support clients, the risk industry must find ways of staying relevant as traditional risks get bigger and non-traditional risks pose new threats. Our industry is very sophisticated in handling smaller risks, such as health, vehicle and even safety. There is a wealth of data and experience around these risks which informs decisions at all levels of the value chain, mr. lambrou explained. However, when something goes wrong outside established comfort zones , while it may be less frequent, it is more likely to be catastrophic.
