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EXIGIS, LLC. (www.exigis.com), the leading provider of risk management, insurance, and trade finance software and services, announced the release of RiskWorksPS™ – a risk and insurance workflow automation software suite developed and configured specifically to the unique needs of the public sector.

The challenges and complexities of managing risk in the public sector are profoundly different from those in the private sector. RiskWorksPS is the first multi-application cloud-based risk management operating system, purpose-built for the public sector, providing Risk Pools and independent Self-Insureds a central ‘command-and-control’ to easily identify, process, monitor, and manage discreet risk and insurance information across the operation.

“The public sector is faced with an increasingly complex and diverse risk landscape. The idea of utilizing solutions designed for the private sector to manage public sector risks is reminiscent of the round-hole/square-peg adage – it simply won’t work.  To optimize efficiency and maximize resource effectiveness, public sector risk managers need solutions designed specifically for their needs,”

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EXIGIS, LLC. (www.exigis.com), the leading provider of risk management, insurance, and trade finance software and services, has announced the release of RiskWorks rm.Compliance 10.7, the next generation of the company’s industry-leading contract compliance and insurance certificate validation software.

EXIGIS RiskWorks rm.Compliance was one of the first web-based workflow automation software solutions purpose-built for the management, verification and maintenance of contract compliance and third party certificates of insurance.

“Today’s risk manager is faced with the challenge of managing an increasingly complex and progressive risk landscape.  The promise of technology is to increase the risk management ‘efficiency quotient’ by improving access to timely and actionable business intelligence.  This is particularly important in the context of supply chain and counterparty risk,” said Frank McMackin, Director Business Development and Accounts at EXIGIS. 

The release is an important upgrade to RiskWorks rm.Compliance and marks a momentous advancement in insurance compliance technology.  Release 10.7 delivers significant interface and feature enhancements and includes powerful new functionality relating to the aggregation of account data across multiple contracts, management of organizational unit hierarchies and subsidiaries, adaptation of non-standard contract requirements,

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I often tell myself, during election times, that if I don't vote - I can't complain about the outcome!

What does voting mean? Is it the physical process of casting your vote - YES - and more. It involves the discussion around that topic - respectfully of course. But sometimes passionately! Ask yourself, is an uninformed vote a good vote?

The world has become complex and we all find it difficult to stay current with the issues due to information overload. Priority plays a big part, for me, in what to vote for and what to discuss. I vote for the following on a daily, weekly, monthly and yearly basis:

1) Love for my family and friends,
2) Structure for our daily lives that helps to make a safe and loving environment for my family and friends - municipal, provincial/state and national elections.
3) Passion in my career and for those initiatives that I hold dear to me - RIMS, RIMS Canada and SARIMS.
4) The hope that the Edmonton Oilers will once again win a playoff game!

All of my above votes require me to discuss the topic and vote to make changes or keep things the same. I act/re-act or decide to stay the course. My best decisions come when I think, engage others, talk to small and large groups and sometimes talk to myself - what do I really believe in?
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Tags/Keywords:
ERM COE : governance, Performance Mgmt, RCC, RIMS, RIMS Canada, SARIMS, vote  File Types : discussion, vote

 

When we are talking about container shelters, there is one thing that we simply need to include in our story and those are shipping containers, the gigantic metal containers that have changed our world without anyone being any wiser. They are one of the unsung heroes of the 20th century and something most people do not think about twice in their lives unless their livelihood is connected to shipping containers. Still, they have contributed to our world in unimaginable ways and they still do. That is why, in this little story of the history and the possible future of container shelters, we also need to talk about the history of shipping containers.


ALT

It all started in 1937, when a man called Malcolm P. McLean, an ordinary truck driver, was waiting for his truck to be unloaded in New Jersey. He was standing there looking at all those people loading his truck for hours and hours, watching them load other trucks and then, later, watching some other workers take everything back out of his truck and into a ship, using slings that used to be the only way to move stuff from trucks to ships.

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Whatever type of investor you may be, real estate is usually a low-risk and potentially profitable option for your money. There are plenty of factors which mean that real estate is an asset class in a category of its own. There are lots of advantages, but quite often real estate is not as simple an investment option as other assets.


If you already have a fairly extensive investment portfolio, then it is worth noting that independent financial advisors often suggest that 15-30 per cent of a portfolio should lie in real estate. This is because in general, there is almost guaranteed to be a fairly consistent supply and demand. Therefore, real estate enjoys a stability which stocks and shares for example don’t often have. Unlike other financial markets, you will usually find that property values fluctuate cyclically

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Assessing the legal risks posed to any business is no different from any corporate risk management assessment. It involves identifying, assessing and then developing strategies to manage risks taken by the company. In this case though, the key factor is the potential legal consequence that any event may have on the business. In order to manage this whole process effectively, there are a few steps worth taking.

  1. Understand the legal responsibility of the company

    Conducting a thorough review of the company’s activities is the most effective starting point. You need to have a clear idea of what legal responsibilities and obligations exist. The only way to do this is to truly get to grips with what the company does and how it operates on a day to day level. An effective lawyer should then be able to assess exactly what legal risks are entailed in each area of the company’s operations. For quick reference, reliable resources such as
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Binary, By Definition, Means Only Two Possible Outcomes: Win it All or Lose it All

It's like flipping a coin, heads or tails or the one in a billion "edge" landing. There isn't much you can do to manage your risk in this situation except to limit the amount at stake, know that your opponent can't or won't cheat or refrain from taking the chance in the first place. Trading binary options is a similar endeavor. Once you buy or sell your options, you can't back out, you're in it till the end (expiration date and time). The time to manage your risk is Before you lay your money down.

There Are Ways to Reduce Risk, But it Takes Discipline

If you intend to try trading binaries a couple of times just for the fun of it, put down the minimum amount of money required by the trading platform. If, after a few trades, you're out of money in your account, simply walk away and consider the money lost as the cost of entertainment for the evening. Alternately, if you're doing okay, you're a few bucks ahead and you want to keep going, use common sense money management plans to limit your risk.

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Growing up in the country, my days were filled with fun and a lot of work. Dad allowed us to have fun, but only if our chores were done. I remember those days and all the different seasons that required different chores to be done. Spring, mowing the lawn, weeding flower beds and landscape work. Summer, mowing the lawn, cleaning the pool and sweeping the driveway. Fall, raking the leaves and cleaning up all the tree limbs. Winter, shoveling the snow, shoveling the snow and only bare pavement was allowed on the driveway!!

My Dad believed that if my brother and I were kept busy, we would learn how to work. He also believed in each task being done correctly and to his standards. He taught us that any task worth doing was worth doing well. I believe this teaches lessons in leadership.

Leadership is about having fun, but not until the work is done. There are many seasons in leadership, Growth, like Spring, is a time to make sure everything is ready to accept growth. Stability, like Summer, is a time to maintain your business landscape. Decline, like Fall, a time to clean up and get things in order. Disappointment, like Winter, a time to get down to the "bare pavement" of problems and fix them.

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For every company, hiring employees is a double-edged sword. On the one hand, these are the people whose hard work holds the key to corporate success. On the other hand, there is a risk to their employment. What if employees can't be trusted or simply make too many innocent but detrimental mistakes? At the end of the day, people are fallible. However, there are some steps that companies can take to reduce this risk.

As a general guide, companies should seek to establish a culture of corporate openness. This means that if employees do make mistakes, when problems do occur, that they are encouraged to be honest about them. Issues should not be covered up or ignored. They should rather be handled honestly and effectively. If not, they are a ticking bomb waiting to explode. Especially in companies where sales and profits are rewarded with bonuses, enthusiasm can get the better of employees. How many banks have fallen foul to the over-ambition of staff, plunging the bank itself into serious problems? More effective oversight and openness could have made all the difference.

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I am reviewing the organization self administered RMIS and I am looking for a company that will be able to manage the various types of claims. We are looking for software to track and manage claims under Workers Compensation, General Liability, Property, EPL and various other policies . We are looking for database or claims management software to assist with managing and tracking claims. The ability to also track our policies or the potential to expand to include this function would be great. Does anyone recommend a company/software, Could you also give me some pro's and con's of company's or software you have used or using?
Thank you
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Can anyone tell me where I would find information on whether or not Canadian insurers will allow a waiver of subrogation on auto policies?  I'm getting conflicting information
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While social media platforms like Twitter and Facebook are relatively recent developments, the number of users accessing these sites has skyrocketed over the past couple years. In addition to an ever-growing pool of new users, many existing users visit these sites several times per day. Recent Valued Opinions™ research on Australian social media use through paid surveys online shows that of the 2,798 people surveyed, 44% of people aged 14-24 and 39% of people aged 25-34 check their social media accounts 5 or more times per day. Social media use wasn't limited to younger audiences, however; 32% of those aged 35-44 check their social media accounts 2-4 times per day, while over a quarter of those aged 45-54 do so.

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If you are worried about your business falling behind the curve, you are not alone. It takes a lot of time and effort to keep your business running as usual. When you are dealing with trying to maintain the status quo, however, you can easily lose sight of the big picture and fail to plan for the future. Even those who have the desire to position their company to be at the forefront of the latest trends and developments often lack the time and energy to do so. However, finding a way to be successful in this area is critical, and there are several steps that you can take to ensure that your company does not fall behind the curve.  

Review Data Security
 
First and foremost, you should pay attention to 
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Get maximum visibility and customers
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Building a strong online presence is challenging, but the integration of a social media account can help. Social media accounts are growing in popularity. According to the Huffington Post1there are an estimated 850 million active monthly users on Facebook--and 77 percent of B2C companies acquired customers from the popular social media site.

 

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Implementing cloud computing technology has become an important part of IT strategy for businesses of all sizes. When it comes to choosing the most suitable applications to send to cloud, CIOS often have troubles deciding which form of storage they should use.

Whereas private cloud refers to storing data on company’s on-premise servers, public cloud is a huge server farm managed by an external provider.Public cloud streams applications via the web and is therefore considered instable in terms of security. Considering how valuable business data is to every company, it is reasonable they invest so much thought in contemplating possibilities with public cloud.

cloud hosting australia

What makes it difficult to simply abandon the idea of using public cloud for storing business data, is the fact it is a much more affordable platform than the private cloud. The truth is that both forms can significantly contribute to boosting business efficiency, which is why many CIOs decide to combine their features. Such a customized combination of

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As per the OHS (Occupational Health and Safety) legislation, all foreseeable hazards needs to be identified and any risks associated with the same needs to be controlled or eliminated.

Risk management is absolutely essential for every business and it involves asking few questions:


  • What are the possible hazards existing in the workplace?
  • What is the seriousness of these hazards?
  • How to control these hazards?
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When we calculate "cost of risk" we use the following formula:

1.  Premiums Paid +
2.  Uninsured Losses (deductibles, retentions, and/or uninsured losses) +
3.  Outside Services (broker fees, loss control, inspection fees, etc.) +
4.  Administration (cost of administrating your program - oftentimes we use the annual budget figure for the risk management department) =
5.  Cost of Risk

This gives us a starting point and you can use this formula to track performance over time.

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Risk management is an essential factor within a variety of fields, and is particularly important for modern financial institutions that play for high stakes, so to speak. As witnessed by the latest global economic crisis, there are plenty of people out there with a poor grasp on the subject and all the intricacies involved, so it is best to learn from our own mistakes and study the wealth of literary knowledge that is widely available to us. A young student or even a streetwise entrepreneur would be well advised to find plenty of information on financial risk management, and there is no better way to do that than buckling down and doing some serious reading. Here are several good textbooks on the subject that you should definitely have in your library.

Introduction to Derivatives & Risk Management

Thisbook by Don M. Chance and Robert Brooks

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Being employed in car industry for some time I had insight in various cases of troublesome experiences which led me to write this article ad shed some light on inside of risk management process in my industry.

Hope to discuss this afterwards in comments bellow.

Read on.

Risk Management

image source: re-energy-systems.com

Overview

Does it not surprise you that when you see the economy sliding down the dumps, the number of litigations rises? The difficult times may fan tempers to file claims on product failures, and may cost bundles of money flowing out for defense.

These would involve expenses to get the alleged claims dismissed, amicably settled, and worst – is to go on trial and pay on judgment day. If you are an automobile dealer, you need to do the math to ascertain that you have adequate coverage to take care of any eventuality.

You then ask yourself, how much?

Some may say that you need to have as much as you can shell out. Others would advise you that you need to factor in your revenue to get the right percentage. It may eventually depend on your total loan exposure in running your business. This would be the amount that can leave you hanging if things do not go as planned due to probable litigation cost.

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