The definitive guide to commercial insurance renewal
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Auditability
Nearly all clients say that an accurate audit trail for their information is
important. A key drawback of using spreadsheets is being able to quickly show
that the correct protocols and controls are in place to prove that information is
valid and reliable.
Rather than manually putting together audit trails, a RMIS will enable reports to be
produced that show how a company's risks and exposures have changed over time and
evidence decisions about risk transfer, risk retention and loss prevention.
The report also highlights what information has been added or changed within the system,
when, how, and by whom.
[
A RMIS will enable reports to
be produced that show how a
company's risks and exposures have
changed over time and evidence
decisions about risk transfer, risk
retention and loss prevention.
