The changing business and working environment has required organisations to completely rethink their insurance programme and risk register. A readjusted insurance market means risk managers are being asked tougher questions by underwriters on a broader range of risks.
Organisations can begin to tackle these challenges be improving alignment between the Enterprise Risk Management (ERM) framework and the insurable risk functions.
This workshop will look at the immediate and practical steps that risk managers can take to enhance their insurable risk framework and insurance purchasing processes.
Attendees will learn how individual processes from insurance renewal data collection to ERM reporting can be brought together to answer questions such as:
- After a challenging renewal, how do I ensure that we are properly organised and our risk processes are efficient, in order to get the best out of the next renewal?
- Are we too focused on traditional ‘insurable’ risks, at the expense of considering emerging risk issues?
- How do we ensure that risk management is not looked at in silos but considered across all areas of the business?
- Are we spending too much time collecting routine information for the insurance renewal?