The following is a reprint of a summary appearing on the Business Insurance website.
Today's risk managers face an array of legal, business, regulatory, political and environmental challenges, and they need robust yet flexible tools to assist them.
A risk management information system that helps generate reports and analysis, manages a database and provides accurate tracking mechanisms offers all these services, but finding a RMIS that suits an organization's most important needs requires investigation.
“A Systematic Approach to Risk: How to Select the Right Risk Management Information System” is a new Business Insurance white paper that looks at various RMIS options and outlines the steps risk managers need to take to obtain one that's the right fit for their organizations.
From conducting a needs assessment to selecting and implementing a system, this white paper by David A. Tweedy, the RMIS solutions practice director of Albert Risk Management Consultants' risk management information systems practice in Needham, Mass., outlines the processes to follow to make the best business decision possible.
The white paper includes:
• A checklist of indicators that help establish an organization's need for a RMIS.
• A list of key functions provided by a comprehensive RMIS.
• A listing of top RMIS providers.
• A self-analysis test to help risks managers determine their organizations' most important needs.
• A step-by-step approach for performing a SWOT analysis of an organization's strengths, weaknesses, opportunities and threats.
• A provider rating matrix to help quantify providers' bids in response to a request for proposal.
The impact of emerging “cloud” technology and how enterprise risk management goals fit into the RMIS also are covered. Business Insurance is selling this whitepaper for $199. If you are interested in purchasing a copy, please visit
their website.