The risk industry has been struggling with a talent crisis for the last couple of years, and the trend will continue to persist into the future. The crisis stems from a wave of retirements of experienced risk professionals and a lack of young people choosing risk management as their career path. Fortunately, technology is one way to solve the crippling talent crisis in the industry.

Risk professionals have a reputation for being creatures of habit — the people who would rather do things the way it’s always been done. However, risk professionals can no longer afford to be this way. The environment risk professionals operate in is vastly different than in the past. If they don’t evolve and adapt, then there will be detrimental consequences.

The beginning of the year is a wonderful time to evaluate the status of your risk department and create a strong foundation so you can set it up for success in the new year. We compiled a list of best practices that will guide you on how to set your risk department up for success in 2023!

As many risk professionals are working on closing the books for 2022, they are simultaneously planning for the year ahead. We’ve compiled a short list of predictions for 2023 to help guide risk professionals on what they should anticipate and plan for in the coming year.

As the year comes to an end, many risk managers are tasked with assessing how risk management programs performed over the course of the year, communicating successes to senior leadership, and identifying areas to improve in the coming year. Here are six year-end practices on closing the books in 2022.

This year’s RMIS Report by Redhand Advisors offers a fascinating look into the growing RiskTech industry. Here are our three biggest takeaways from their research (and our favorite quote from the report).

Finding ways to take foundational risk management values and apply new technologies and strategies is the way to remain relevant and thrive in your career.

At some point in their careers, most risk professionals will experience a merger or acquisition in their organizations. Whether as an acquirer or a target, both parties in M&A can benefit from risk managers’ skills and insights during the integration process.

Risk managers have a critical role in protecting their organizations’ people and property, and that job is particularly complex in mergers or acquisitions.

One of the most valuable skills risk professionals contribute to their organizations is the ability to peer into the future. Looking forward is beneficial when risk managers envision both positive and negative developments, and make plans accordingly to protect their organizations’ people and property.

We recently brought together risk leaders to discuss changes to the industry, as well as what should be in a good risk manager’s arsenal of tech tools.

Have you ever wondered what’s on the minds of some of the top thought leaders in the world of Risk Management?

With new tech-based solutions risk managers won’t lose sleep over these pervasive issues

It has never been more important for risk managers to stay focused on their evolving exposures and nuances of their insurance programs.