By Patrick O’Neill Build or buy? When it comes to adopting a risk management information system (RMIS), this is no simple question to answer. Everyone needs a technology solution that fits seamlessly into its work processes and addresses all its needs. Good news! Today\’s RMIS platforms are so highly configurable that most organizations can simply […]
RMIS Build or Buy?: 5 Factors to Consider Read More »
By David Tweedy, Senior Advisor, Redhand Advisors The insurance industry is at the brink of going digital, and claims automation is leading the way. A 2019 McKinsey report predicted that approximately 60% of claims will be fully automated by 2030, a revolution we are experiencing in real time. At the same time, the post-pandemic world
2022 Trends in Claims Automation Read More »
By: David Tweedy Nothing bugs me more than seeing businesses underutilize their RMIS. It’s an occupational hazard for someone whose sole job it is to help businesses optimize RMIS systems for over 30 years. What’s the most common cause? Your RMIS vendor giving you exactly what you asked for… but not 100% what you need. This
Have You Optimized Your RMIS Today?: The Case For A RMIS Consultant Read More »
By Patrick O’Neill, Founder and President, Redhand Advisors From cyber incidents to business interruption, natural catastrophes and supply chain, the magnitude of business risk in 2022 is truly unprecedented. The good news is, Risk Management Information Systems (RMIS) are rising to the challenge. The RMIS Market continues to evolve at a rapid pace. More organizations
2022 State of the RMIS Industry Read More »
By Patrick O’Neill, Founder and President, Redhand Advisors Just like a rejected partner, organizations that have fallen out of love with their RMIS system are likely to declare, “We need a new one!” Hang on, though. Scrapping what you’ve got may not be the only alternative. While you rely on your RMIS to analyze data
You don’t have to fire your RMIS vendor! Read More »
By David Tweedy, Senior Advisor, Redhand Advisors Good data will be key to surviving the hard insurance market in 2022 and beyond. Data will help you project claims so you can accurately fund them. It will speak for your risk exposure. It will illustrate your loss prevention and show the results of your claims management
Bundled or Unbundled RMIS: That is the Question? Read More »
Risk managers are on a quest to replace legacy systems and ring in 2022 with updated risk management technology aimed at improving results and streamlining processes. Learn the five most important trends in digital transformation for the risk management community.
2022 Outlook: Risk Management Technology Read More »
By David Tweedy, Senior Advisor, Redhand Advisors Risk pool operators are often hesitant to consider additional technology for their business operations. And rightfully so. With so many snapshots in time to keep track of, it’s seemingly easier to maintain the status quo with the legacy system you’ve already got in place. You may even feel
Considering a RMIS for your Risk Pool? Here’s Why You Should. Read More »
By Patrick J. O’Neill, Founder and President, Redhand Advisors In every area of life, those who take responsibility for and control their own journey experience the greatest successes. Risk Management Information Systems (RMIS) management is no exception. My role, together with that of the RMIS vendor, is to provide the information and tools to help
Attaining RMIS Success: Empowered risk managers achieve the greatest outcomes Read More »
Launching a new RMIS will ultimately improve and streamline your company’s risk management results. Learn the mistakes to avoid and 4 best practices to champion beyond Go Live. By Patrick J. O’Neill, Founder and President, Redhand Advisors After months of planning and countless hours, you and your team are finally ready to launch a new
It Doesn’t End at Go Live Read More »
