THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 2
DETERMINE IF YOU NEED A RISK MANAGEMENT
INFORMATION SYSTEM (RMIS)
Unsure if you need an RMIS? Simply answer the following questions with a 'yes' or 'no' and find out.
1. Is all your risk and insurance information readily
available at the press of a button?
2. Are you confident that your risk and insurance
data is accurate and reliable?
3. Can you be sure there are no gaps or duplications
in your insurance coverage?
4. Do you think your renewal process takes too
long to complete — from capturing data to
market submission?
5. Do you think you are able to negotiate the
highest-quality insurance coverage and optimum
premiums for your risks?
6. Is it easy for you to gather and store your insurance
management information in one place?
7. Is it easy to obtain a full history of information on
your insurance management data, including
claims records?
8. If you have multi-language and multi-currency
programs, is it easy to consolidate information?
9. If you outsource data handling to a third party,
do you feel fully in control of your information and
that data being gathered is up to date, accurate
and kept secure?
10. Are you able to collect claims payments and audit
and reconcile the amounts easily?
☐ YES ☐ NO
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