RMIS
Strategic and Operational Risk Management:
Managing all the enterprises risks that could cause a company to miss
its business objectives. This could range from the disruption of the
business from a competitor to traditional natural catastrophe risks
and exposure to digital/cyber issues.
Vendor Risk Management:
Understanding and managing the risks and insurance requirements of
your key business third parties. This can be considered an externally
focused version of your organization's strategic and operational risk
management but also includes managing their insurance
requirements.
Business Continuity Management:
As the risk landscape becomes more complex, resilience and the
ability for your organization to recover from events become key
factors. It's important to manage your organizations' key business
continuity (BC) plans and your BC risks.
Corporate Compliance:
Ensuring your organization is maintaining compliance with the full
range of governance obligations you are required to follow, including
ensuring that your insurance management is compliant too.
Why RMIS?
So why all the urgency for RMIS now? The major reason is that risks are growing and changing
at an largely unprecedented rate, resulting in greater board-level exposure. From natural
catastrophes to supply chain disruption and business interruption to cyber security debacles,
risk management is expanding – and evolving - at an ever accelerating pace. And these
threats can come from both outside and inside the organization.
MAKING SENSE OF RMIS | 2
