RISK MANAGEMENT TRENDS FOR 2015
November 26, 2014
Presented by:
Carolyn M. Snow
RIMS President
Director, Risk Management, Humana Inc.
Mary Roth
RIMS Executive Director
WHO WE ARE…
Carolyn Snow
Director of Risk Management, Humana Inc.
Carolyn joined Humana fourteen years ago, progressively managing clinical and operational risks, as well as its
corporate insurance program. Her prior experience includes VP of Marketing at Aon Risk Services and in Underwriting
and Marketing management positions with Fireman’s Fund and Cigna P&C. Currently RIMS president, she served in a
number of board roles, while volunteering as Risk Manager in Residence at Appalachian State, Ball State University,
Temple University and University of Central Arkansas. Carolyn is a member of the Advisory Board for the Business
Insurance Risk Management Summit, was named to BI’s Women to Watch list in 2009, and is a member of Eastern
Kentucky University Risk and Insurance Advisory Council.
Mary Roth
RIMS Executive Director
Mary Roth is the Executive Director of the Risk and Insurance Management Society, Inc. (RIMS). Ms. Roth joined RIMS
in 1985. Since that time, she has served in such roles as Assistant Director of Research and Director of Membership and
Chapter Services.
Additionally, Ms. Roth is the President of the International Federation of Risk and Insurance Management Associations’
(IFRIMA). She holds the Insurance Institute of Americas Associate in Risk Management (ARM) designation and is a
member of the American Society of Association Executives. In 2006, Ms. Roth was featured in the Business Insurance
“Women to Watch” issue.
THE FUTURE OF THE PROFESSION
Tomorrow’s
Leaders
Knowledge
& Expertise
Global
Opportunities
3
RIMS I MARSH
EXCELLENCE IN
RISK MANAGEMENT XI
Published: April 2014
EXCELLENCE IN RISK MANAGEMENT XI
RIMS I MARSH
KEY THEMES
RIMS I MARSH
EMERGING IMPLICATIONS:
CONVERGENCE WITH STRATEGIC MANAGEMENT
CONVERGENCE WITH STRATEGIC MANAGEMENT
RIMS I MARSH
CONVERGENCE WITH STRATEGIC MANAGEMENT
RIMS I MARSH
CONVERGENCE WITH STRATEGIC MANAGEMENT
RIMS I MARSH
EMERGING IMPLICATIONS:
RISK MANAGEMENT, TECHNOLOGY, AND
DATA ARE UNDER-LEVERAGED
RISK MANAGEMENT, TECHNOLOGY, AND DATA ARE
UNDER-LEVERAGED
RIMS I MARSH
IS RISK MANAGEMENT UNDER-LEVERAGED?
RIMS I MARSH
EMERGING IMPLICATIONS:
DEVELOPING “RISK KNOWLEDGE
CENTERS”
DEVELOPING “RISK KNOWLEDGE CENTERS”
RIMS I MARSH
EMERGING IMPLICATIONS:
NEW SKILLS AND DEVELOPMENT PATHS
FOR RISK MANAGEMENT
PROFESSIONALS
NEW SKILLS AND DEVELOPMENT PATHS FOR
RISK MANAGEMENT PROFESSIONALS
RIMS I MARSH
EXCELLENCE IN RISK MANAGEMENT XI:
A LOOK BACK AS WE MOVE FORWARD
RIMS I MARSH
A LOOK BACK AS WE MOVE FORWARD
Comparing 2004 Excellence Conclusions to 2014 Findings
2004 Excellence Conclusions
2014 Excellence Findings
Risk management shifted from purchasing
insurance to controlling losses and quantifying costs
of risk.
Risk management has evolved into a more strategic
role.
Elevating the visibility of the risk management
function to enhance effectiveness.
Risk management now viewed as a strategic function.
Leverage technology for efficiency and
capture data at its source.
Expand and integrate analytical tools and processes
beyond traditional borders to improve decision
making.
Risk tolerance must be analyzed on a regular basis.
Progressive improvement in the use of analytics to
better understand risk-bearing capacity.
Organizations must focus on the career development
of risk management professionals.
The C-suite identified a greater risk management
need in strategy and business acumen.
Rotation through business units.
Risk management is a rotational role for highpotential individuals.
EXCELLENCE IN RISK MANAGEMENT XI:
THERE’S ALWAYS MORE DO!
THERE’S ALWAYS MORE DO!
EXCELLENCE IN RISK MANAGEMENT XI:
A CYBER SURPRISE
THANK
YOU!!!!
Thank
You
RIMS Website: WWW.RIMS.ORG
RIMS Risk Knowledge Library: WWW.RIMS.ORG/RISKKNOWLEDGE