BusinessInsurance.com newest discussion showcases that risk managers need to start getting more face time with senior management to prepare them for a hardening market, particularly given the current state of the economy, according to former presidents of the Risk & Insurance Management Society Inc.
Comments from former RIMS presidents
“You need to prepare management for what is happening,” said Lou Drapeau, 1996-97 RIMS president and director of risk management for the University of Kentucky in Lexington. Lance Ewing, 2003-04 RIMS president and now Cordova, Tenn.-based regional industry practice leader-hospitality and leisure for Chartis Inc., also stressed the importance of preparing management for a changing market. The risk management community is “living the poor economy,” he said. During a wide-ranging panel discussion featuring former RIMS presidents at this week’s conference in Philadelphia, Mr. Ewing advised his listeners to “know your data,” because underwriters need that information.
Read Full Article Here
