RIMScast

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

In this episode, Justin is joined by RIMS Director of Publications and Risk Management magazine’s Editor-in-Chief, Morgan O’Rourke. Together, they’re taking a look at RM magazine’s December 2020 issue, a “Year in Risk,” which is available both in print and on RMMagazine.com. 

Morgan delves into how the risk landscape has changed in 2020 as well as the many events that could be filed as risk management news. Justin and Morgan also discuss how this year has challenged some of Morgan’s journalism approaches and philosophies, how RM magazine staff produced some of the best coverage this year, and what some of the major stories were from this year that risk professionals may have overlooked due to COVID-19.

Key Takeaways:

[:01] About RIMS’ Global Membership.

[:25] About today’s episode.

[:35] Current RIMS features, offerings, news, and events.

[1:39] More about today’s episode with Morgan O’Rourke.

[2:02] Justin welcomes Morgan O’Rourke to RIMScast!

[2:21] Morgan speaks about what it was like to publish RM magazine in 2020.

[3:32] Morgan’s career history with RIMS and the publishing group.

[4:01] Morgan speaks more on how RM magazine’s publishing shifted in 2020 and the content overhaul they went through.

[6:07] Did Morgan feel that more people this year were gravitating towards the RIMS publishing group for their information this year?

[7:04] In what areas does Morgan feel that the RM magazine staff produced some of the best coverage this year?

[9:07] Did Morgan find that more of his own life ended up making its way into the articles, non-directly or directly?

[10:35] Some of the major areas and stories from this year that Morgan thinks risk professionals should know about that may have been overlooked due to COVID.

[15:32] Morgan highlights some of the positive developments in risk management in 2020.

[17:24] Leading up to February 2020, how was being a risk journalist, editor, and publisher for Morgan? What were some of the changes in the three to four years leading up to that date?

[19:18] Morgan shares what he thinks makes reporting on risk management different from reporting on other professions.

[22:25] How does Morgan sift through the noise to get to the newsworthy part of a story?

[27:11] In the last couple of years, RM magazine has received a lot of awards and accolades. Morgan speaks a bit about these.

[28:10] What RM magazine has in store for 2021.

[29:58] Justin thanks Morgan for joining RIMScast and shares some of the links to check out in this episode’s show notes.

Mentioned in this Episode:

Risk Management magazine — Year in Risk — December 2020

Risk Management magazine

Contribute to Risk Management. 

Risk Management Editorial Team ASPBE Award Wins — 2018

RIMS Risk Forum 2020 India — Register for On-Demand Content!

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Webinar: Jan. 28th, 2021 “Strengthening Risk Management Capabilities to Navigate Social & Economic Concerns in Nigeria” — Register Today!

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

Risk Management Monitor

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guest:

Morgan O’Rourke’s LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

In this episode, Justin Smulison is rejoined by special guest, Ashish Parakh, the Senior Vice President of Strategy, Risk Management Practice, Data & Analytics, and Marketing & Communications at Marsh India.

Recorded just two days after the RIMS Risk Forum India 2020, Ashish discusses his experience as well as the panel he presented, “Spotlight on Resilience, Risk Management During COVID-19.” He is also here to discuss the results and takeaways from the “Excellence in Risk Management India 2020, Spotlight on Resilience: Risk Management During COVID-19,” which was jointly produced by RIMS and Marsh. Ashish also gives advice to risk management professionals and companies on the risk strategies that they can implement in order to remain resilient and vibrant, both in India and globally.

Key Takeaways:

[:01] About RIMS’ Global Membership.

[:25] About today’s episode.

[:33] Current RIMS features, offerings, news, and events.

[1:51] More about today’s episode with Ashish Parakh.

[2:21] Justin welcomes Ashish Parakh back to RIMScast!

[2:52] Ashish speaks about his RIMS India Forum 2020 experience.

[3:32] Did Ashish find that the virtual format was effective for this year’s RIMS India Forum?

[4:08] Ashish’s RIMS India Forum highlights.

[4:40] Where to access the RIMS India Forum 2020 content.

[5:21] Ashish discusses the results from the “Excellence in Risk Management India 2020, Spotlight on Resilience: Risk Management During COVID-19” survey.

[7:03] According to the report, around 63% of the 231 survey respondents — including C-suite executives and senior risk professionals — identified a new pandemic or continued fallout of COVID-19 among the top three risks facing their organization. Ashish shares some examples of effective strategic and preventative measures that companies took this year that can reduce those top risks.

[9:45] Rounding out Indian businesses’ top risks were cyber attacks (56%), data fraud or theft (36%), failure of critical infrastructure (33%), fiscal crises (31%), and extreme weather events (25%). How did these top risks surprise Ashish? And what are some of the strategies that risk managers can use to keep so many plates spinning all at once?

[11:17] If time were to fast-forward to the end of 2021 and the same results were found in the 2021 survey, what would Ashish’s reaction be?

[13:12] General risk strategies companies can implement to remain resilient and vibrant.

[16:50] Ashish was one of the panel presenters on the discussion titled, “Spotlight on Resilience, Risk Management During COVID-19,” at RIMS India Forum. Ashish shares some of his insights and philosophy on mental wellbeing during COVID-19.

[19:48] Justin thanks Ashish for joining the podcast once again and shares some of the links to check out in this episode’s show notes.

Mentioned in this Episode:

RIMS.org/Global — The RIMS Global Resource Center

RIMS and Marsh Study: “Excellence in Risk Management India 2020”

Marsh/RIMS Study: “Pandemic, Cyber-Attacks and Data Fraud Remain Top Risk Concerns for Indian Companies”

RIMS Risk Forum 2020 India — Register for On-Demand Content!

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Webinars:

Sponsored by Resolver: Dec. 15th, 2020 “Practical Strategies for Developing Your Risk Metrics”

RIMS Webinar: Jan. 28th, 2021 “Strengthening Risk Management Capabilities to Navigate Social & Economic Concerns in Nigeria” — Register Today!

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

RM Magazine

Risk Management Monitor

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Related RIMScast Episodes:

“Deepak Padaki and the RIMS Award-Winning ERM Program at Infosys”

“Risk Culture in India with Harshit Baxi”

“Speaking with Leaders in Risk Management at the RIMS Risk Forum India 2018”

“Speaking with Leaders in Risk Management at the RIMS Risk Forum India 2018 (Part 2)”

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guest:

Ashish Parakh’s LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

This week, Justin Smulison is joined by Carol Fox, VP of Strategic Initiatives at RIMS! 

Carol was a well-known risk practitioner for decades before joining RIMS full-time in 2010. She is a results-driven, innovative Executive Risk Management Leader with unique expertise in building proven outcomes-based training, systems, and processes for organizational resilience and sustainability.

As the queen of all things ERM, Carol shares her insightful perspective and insight on the state of ERM; the achievements and progress that the Strategic and Enterprise Risk Management Council (SERMC) made in 2020; changes at RIMS that have helped shape the risk management profession; and how you, as a risk professional, can tackle the challenges of 2021 and beyond!

(Be sure to be on the lookout for a future RIMS Risk Leaders interview with Carol Fox where she will be talking career highlights, lessons, and key takeaways!)

Key Takeaways:

[:01] About RIMS’ Global Membership.

[:26] About today’s episode.

[:36] Current RIMS features, offerings, and events.

[1:49] More about today’s episode with Carol Fox.

[2:11] Justin welcomes Carol Fox to RIMScast!

[2:32] Carol shares about her work with the Strategic and Enterprise Risk Management Council (SERMC) as well as some of the achievements and progress that the council made this year in 2020.

[4:23] How this year is different for the SERMC than last year’s.

[4:50] Carol has her ear to the ground when it comes to ERM. How were ERM practitioners tapped this year, considering COVID-19?

[5:48] Did Carol hear this information anecdotally from RIMS members or the greater risk management community?

[6:27] As the ERM leader at RIMS, does Carol breathe a sigh of relief when she hears about risk management professionals’ business continuity plans running smoothly in the midst of COVID-19?

[6:51] How can ERM practitioners continue to be influencers in 2021 and beyond?

[7:48] Carol highlights some of the changes that have occurred at RIMS that have helped shape the risk management profession.

[8:54] The initiatives that Carol will continue to work on with the SERMC.

[9:42] Carol’s hopes for the practice of ERM in general (and, specifically, on the ways to better harness digital technologies).

[11:27] Carol’s experience putting together and hosting several sessions at the virtual 2020 ERM Conference.

[13:26] Carol shares some parting words for RIMScast listeners.
[14:22] Justin thanks Carol for joining the podcast and shares some of the links to check out in this episode’s show notes.

Mentioned in this Episode:

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Risk Forum 2020 India — Register for On-Demand Content!

RIMS Professional Report: “Pivoting From ERM to SRM”

RIMS Webinars: 

“RIMS Advocacy Presents: Privacy Compliance, Post Election” — Dec. 8th, 2020 — Register Today!

Sponsored by Fusion Risk Management: “Operational Resilience: The CEO Imperative to Protect, Change and Grow” — Dec. 10th, 2020

Sponsored by Resolver: “Practical Strategies for Developing Your Risk Metrics” — Dec. 15th, 2020

“The Intersection of Reputation, Communication, and Risk”

Upcoming RIMS Webinars

New Audio Series: RIMS Risk Leaders — Featuring Robert Cartwright, Jr.

RIMS Risk Management Talent 2025 Report

RIMS 2021 Award Nominations — Open Call

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

RM Magazine

Risk Management Monitor

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Related RIMScast Episodes:

“Deepak Padaki and the RIMS Award-Winning ERM Program at Infosys”

“Risk Quantification and Constructive Criticism with James Lam”

“How ERM Can Catalyze (Y)our World with Dr. Andrea Bonime-Blanc” (Part 1)

“The Future of ERM with ERM Conference Keynote Speaker, Dr. Andrea Bonime-Blanc” (Part 2)

“Monica Merrifield on Innovation and Strategic Risk Management”

“Rebecca Cady on Transformative ERM Programs”

“The Intersection of ERM and Corporate Culture with Gretchen Anderson”

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guest:

Carol Fox’s LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

Diversity and inclusion was a critical topic in 2020 and the RIMS Diversity & Inclusion Advisory Council took some major steps in promoting its importance to members and the greater global risk management community!

Joining Justin today to discuss the achievements (and the progress the RIMS D&I Council intends to make going forward) are outgoing D&I Chair and RIMS 2018 President, Robert Cartwright, Jr. and incoming D&I Council Chair and President and Director of the New Zealand Pacific Island Chapter of RIMS, Teressa Betty.

In their conversation, they explore many facets of diversity and inclusion and look back and forward on diversity initiatives. Teressa and Robert sum up D&I in 2020, take a look at D&I in the last several years, give advice to companies thinking of forming D&I committees, share about the RIMS D&I Advisory Council’s 3-year strategy, and what the RIMS Risk Talent 2025 Report revealed about D&I.

Key Takeaways:

[:01] About RIMS’ Global Membership.

[:26] About today’s episode.

[:34] Current RIMS features, offerings, and events.

[1:29] More about today’s episode with Teressa Betty and Robert Cartwright, Jr.

[2:01] Justin welcomes Teressa and Robert back to RIMScast!

[2:20] Robert elaborates on how the D&I council was a staple for him during his 2018 RIMS Presidency.

[4:08] Is Teressa excited to be assuming the Chair position in 2021?

[4:55] Teressa and Robert sum up D&I in 2020 compared to D&I in the last few years; how it has changed and why.

[10:40] As companies are thinking to form D&I committees, what advice would Teressa give them to stay the course?

[15:09] RIMS D&I Advisory Council produced a three-year strategy earlier this year. The three areas are Driving Intention and Inclusive Thought Leadership, Focus on the Future, and Culture and Capabilities Within Our Communities. How can this make an impact in the risk profession and the insurance industry?

[20:30] Robert shares why he really wanted Teressa to be the Vice-Chair.

[21:10] Last year, RIMS, Willis Towers Watson, Chubb, and The Hartford produced the RIMS Risk Talent 2025 Report. The reports found that a huge majority supports cultural diversity and diverse perspectives now and in 2025. Why is this important and how can we move this information into action?

[27:13] Robert shares his quick takes on the state of diversity, inclusion, and equity for 2021.

[30:01] Teressa shares her closing thoughts on the state of diversity, inclusion, and equity for 2021.

[32:50] Justin thanks Teressa and Robert for joining RIMScast and shares the links to check out in today’s show notes.

Mentioned in this Episode:

RIMS Diversity & Inclusion Vision Statement

RIMS D&I Three-Year Strategy

RIMS Professional Report: “Understanding and Adapting to Your Remote Workforce,” by Teressa Betty

RIMS Risk Forum 2020 India (December 4th & 5th) — Register Today!

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Webinar: “Reduce the Risk of Smartphone-Distracted Employees” — Dec. 1st, 2020

Webinar: “RIMS Advocacy Presents: Privacy Compliance, Post Election” — Dec. 8th, 2020 — Register Today!

Sponsored by Fusion Risk Management: “Operational Resilience: The CEO Imperative to Protect, Change and Grow” — Dec. 10th, 2020

Sponsored by Resolver: “Practical Strategies for Developing Your Risk Metrics” — Dec. 15th, 2020

Upcoming RIMS Webinars

New Audio Series: RIMS Risk Leaders — Featuring Robert Cartwright, Jr.

RIMS Risk Management Talent 2025 Report

RIMS 2021 Award Nominations — Open Call

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

RM Magazine

Risk Management Monitor

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Related RIMScast Episodes:

“Pride Month 2020 with RIMS D&I Council Members, Kevin Thomas and Victoria Nolan”

“Talking Diversity at the RIMS ERM Conference 2019”

“Current State of the Risk Management Profession’s Talent Supply, Future Outlooks, and the Influence of Diversity and Inclusion Programs”

“Key Takeaways from RIMS NeXt Gen Forum 2019”

“Robert Cartwright Jr. on his RIMS Presidency and the Future of RIMS”

“Teressa Betty on the Newly Formed New Zealand and Pacific Island Chapter of RIMS”

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guests:

Teressa Betty’s LinkedIn

Robert Cartwright, Jr.’s LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

Holiday travel is a big risk in 2020 against the backdrop of the COVID-19 pandemic. Joining Justin today to discuss 2020 traffic trends and holiday travel risks and to share some tips and data is David Harkey!

David is the President of the Insurance Institute for Highway Safety (IIHS) and the affiliated Highway Loss Data Institute (HLDI). He took the helm of the Institutes in 2018 after spending 11 years as Director of the University of North Carolina Highway Safety Research Center.

In this episode, David provides tips and data around 2020 traffic trends and holiday travel risks. He shares how you can reduce the risk if you have to travel this year, what he has seen on the highways of the United States over the last 10 months, his predictions on what we’re going to learn about traffic patterns going forward, and the top two problems that continue to be pervasive in road safety today. Buckle up your seatbelt and get ready to tune in to the conversation!

Key Takeaways:

[:01] About RIMS’s Global Membership.

[:27] About today’s episode.

[:36] Current RIMS features, offerings, and events.

[1:31] More about today’s episode with David Harkey.

[2:01] Justin welcomes David to RIMScast!

[2:10] David shares about some of the data he is using/seeing that suggests on-road traffic will worsen this year due to the pandemic (and especially as we approach the holiday season).

[3:29] Have there been a rise in speeding violations correlating with the reduced traffic on the roads?

[5:16] David speaks about why it is an especially unique time to be monitoring traffic data and shares his predictions on what we’re going to learn about traffic patterns going forward.

[8:03] David shares key insights and takeaways from the article, “Crash rates for drivers in their 70s drop below those of middle-aged drivers.”

[10:58] David speaks about the two problems that continue to be pervasive in road safety: speeding and impairment. He shares how we could reduce the number of fatalities and accidents by utilizing existing technology and making changes in policies.

[14:15] David’s tips and advice David to the RIMScast audience and the greater risk management community on road safety.

[15:47] Justin thanks David for joining the podcast and shares some of the important links to look for in this episode’s show notes.

Mentioned in this Episode:

RIMS Risk Forum 2020 India (December 4th & 5th) — Register Today!

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Webinar: “Reduce the Risk of Smartphone-Distracted Employees” — Dec. 1st, 2020

Webinar: RIMS Advocacy Presents: Privacy Compliance, Post Election — Register Today!

Upcoming RIMS Webinars

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Advocacy

RIMS Advocacy Week 2020 — Roundup Coverage

RIMS Coronavirus Information Center

RM Magazine

Risk Management Monitor

New Audio Series: RIMS Risk Leaders

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Download RIMScast Coverage of Travel and Driving Risks:

“Distracted Driving Awareness Month 2020 with NSC’s Lisa Robinson” — Sept. 29th, 2020

“RIMS Advocacy Update and Driver Safety During COVID-19” — April 7th, 2020

“Safety Does Not Pause: Employee Hazards During COVID-19 with NSC President & CEO Lorraine Martin” — March 31st, 2020

“Fatigue Risk Management with NSC’s Emily Whitcomb” — March 19th, 2019

From IIHS:

IIHS.org

News: “Drivers Let Their Focus Slip As They Get Used To Partial Automation”

Article: “Crash rates for drivers in their 70s drop below those of middle-aged drivers”

Article: “Automated systems need stronger safeguards to keep drivers focused on the road”

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

Joining RIMScast today is return guest, RIMS Director of Government Relations, Whitney Craig! With one week having passed since the election day in the U.S., Whitney is joining the podcast to give an advocacy update as well as fill listeners in on some important developments and events!

What do the election results mean for RIMS, RISKPAC, RIMS advocacy efforts, and the greater risk management community? And how can RIMS’s upcoming offerings educate you and prepare you for changes in the next year and beyond? You’ll have to tune in to find out!

Key Takeaways:

[:01] About RIMS’s Global Membership.

[:27] About today’s episode.

[:36] Current RIMS features, offerings, and events.

[1:25] More about today’s episode with Whitney Craig!

[1:45] Justin welcomes Whitney Craig back to RIMScast.

[2:01] The significance of the U.S. election results.

[4:05] What the election results mean for RIMS, RISKPAC, and the greater risk management community.

[6:57] Is the current news from the U.S. election going to impact any of the work that was accomplished during RIMS Advocacy Week?

[9:09] Whitney shares her thoughts on whether or not RIMS has gained or lost any allies in Congress.

[11:44] About key upcoming events that are related to RIMS advocacy efforts: the RISKPAC Donor’s Holiday Happy Hour & Game Night (Dec. 9th, 2020) and a RIMS Webinar, “RIMS Advocacy Presents: Privacy Compliance, Post Election” (Dec. 8th, 2020).

[14:57] Justin thanks Whitney for joining the podcast and shares some of the important links to look for in this episode’s show notes.

Mentioned in this Episode:

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Risk Forum 2020 India (December 4th & 5th) — Register Today!

Webinar: RIMS Advocacy Presents: Privacy Compliance, Post Election — Register Today!

Upcoming RIMS Webinars

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Advocacy

RIMS Advocacy Week 2020 — Roundup Coverage

RIMS Advocacy: Coronavirus Advocacy Information

RISKPAC — Join the Virtual RISKPAC Donor’s Holiday Happy Hour & Game Night (Open to RISKPAC Donors Only) Dec. 9th, 2020

RIMS Coronavirus Information Center

RM Magazine

Risk Management Monitor

New Audio Series: RIMS Risk Leaders

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guest:

Whitney Craig’s LinkedIn

Whitney Craig’s RIMS Community Profile

Email: [email protected]

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

Get ready for this award-winning episode! RIMScast welcomes Deepak Padaki of Infosys Ltd., who just accepted the ERM Global Award of Distinction at the RIMS ERM Conference 2020.

Deepak Padaki is the Chief Risk Officer and Chief Strategy Officer at Infosys. Two hats, one head! In his nearly 30-year risk career at Infosys, Deepak has also served in the roles of Senior Vice President of Strategy; Vice President of Strategy, Corporate Development, and M&A; Head M&A; and Associate Vice President of Client Services to name a few.

In this episode, Justin and Deepak discuss the company’s ERM program and how it has evolved over the years, his risk career at Infosys, the ERM Global Award of Distinction, how he leveraged strategic risk management techniques to help the Indian IT and business consulting firm launch a successful comeback, and so, so much more!

Key Takeaways:

[:01] About RIMS’ Global Membership.

[:27] About today’s episode.

[:45] Current RIMS features, offerings, and events.

[1:29] More about today’s episode with Deepak Padaki.

[1:56] Justin welcomes Deepak Padaki to the podcast.

[2:07] Justin congratulates Deepak and Infosys on winning the Global ERM Award.

[2:20] Deepak shares why he believes Infosys stood out this year among others for their ERM program.

[3:48] About the ERM framework Deepak presented, how SRM played a role, and the five-layered risk hierarchy.

[8:52] How many people at Infosys are stakeholders in the ERM program or are active in it?

[10:11] As the Chief Risk Officer and Chief Strategy Officer at Infosys, would Deepak say he is wearing both of those hats pretty firmly at the same time?

[11:28] How COVID-19 is impacting the ERM program at Infosys and how they are addressing these challenges and risks.

[16:56] When RIMS last spoke with Deepak for an ERM Q&A, he said that job protectionism is a key risk. How is job protectionism a more challenging risk in 2020? And has it become more prevalent?

[20:15] Where to access the ERM Q&A with Deepak Padaki.

[20:33] What originally drew Deepak to risk management?

[23:02] Having a nearly 30-year career at Infosys, what is it like for Deepak to be a “lifer” at a company?

[25:33] Deepak shares what he hopes winning the ERM Global Award of Distinction will encourage and foster in the coming years for Infosys.

[25:02] How many employees are in Deepak’s department?

[26:15] Deepak gives a shoutout for his team at Infosys!

[26:39] Justin thanks Deepak for joining the podcast and congratulates him once again for his win.

[27:10] Justin shares some of the links to check in this episode’s show notes.

Mentioned in this Episode:

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Risk Forum 2020 India — Register Today!

ERM Q&A with Deepak Padaki: The Criticality of Strategic Risk Management

Upcoming RIMS Webinars

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

RIMS Advocacy: Coronavirus Advocacy Information

RM Magazine

Risk Management Monitor

New Audio Series: RIMS Risk Leaders

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Infosys

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guest:

Deepak Padaki’s LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

The 2020 wildfire season in the United States is terrifying, both in its scope and its duration. As of the end of October 2020, it has burned nearly seven million acres in the U.S. and is not relegated to California; It has burned several hundreds of thousands of acres in the Greater Rocky Mountains, alone.

Joining the podcast to offer insight on preparedness and business continuity, as well as the 2020 season’s impact on the insurance markets, are two knowledgeable guest experts, Martha Bane and Regina Phelps.

Martha Bane, the Executive Vice President and Managing Director of the Property Practice at Gallagher, first joins the podcast to provide a broader broker perspective and share some commentary on market impact. She shares how she has been professionally impacted regarding the wildfire as an insurance broker in California, how predictive modeling and drones in real-time can monitor and analyze wildfire data, and her insights and advice on what companies can do to better position themselves when it comes to their property renewal.

Afterward, Regina Phelps, an emergency preparedness expert, joins the conversation. Regina is the founder of EMS Solutions Inc. in California and is a lifelong Californian with nearly 40 years of experience training clients in crisis management and helping to develop and initiate business continuity plans. She shares some fantastic tips and insight that any business leader or risk professional encountering wildfires or pandemics can use.

Key Takeaways:

[:01] About RIMS’ Global Membership.

[:26] About today’s episode.

[:39] Current RIMS features, offerings, and events.

[1:13] More about today’s episode with Martha Bane.

[1:47] Justin welcomes Martha Bane to the podcast.

[1:53] Martha shares how she has been professionally impacted, regarding the wildfire, as an insurance broker in California.

[2:26] Gallagher recently released new data in its Market Conditions report. Martha shares some of its key takeaways.

[3:16] With the wildfires being against the backdrop of the COVID-19 pandemic, does Martha feel that this makes 2020 an even more challenging year?

[4:39] Martha further elaborates on how this year, with COVID-19 and the wildfires, has made it an unprecedented time for all.

[5:38] How predictive modeling and drones in real-time can monitor and analyze wildfire data. She also shares about the technology that Gallagher is using.

[7:32] Martha shares what she has learned from this year’s wildfire season that she will be keeping at the forefront in the years to come.

[8:55] Does Martha think that this year’s events will change the way she works going forward?

[9:35] Looking to the future, Martha shares some insights and advice on what companies can do to better position themselves when it comes to their property renewal.

[10:41] Justin thanks Martha for joining RIMScast and introduces the next guest, Regina Phelps!

[11:22] Justin welcomes Regina Phelps to the podcast.

[11:30] Regina shares about what she does and where she does it!

[12:15] How far away is Regina from these wildfires? Has she been personally impacted?

[13:09] How California and the Northwestern U.S. terrain is unique and why, in particular, it is so susceptible to wildfires.

[15:23] Regina shares some of the history of forest management and the many factors that have added up to the current wildfires that are taking place.

[16:14] When and how did Regina prepare for the 2020 wildfire season?

[18:35] How they’ve utilized technology to train and prepare their clients.

[19:46] Regina shares his insights around small businesses that are in a potential wildfire risk zone.

[22:30] How has Regina updated or revised her pandemic training plans this year when they first heard about COVID-19 overseas.

[25:52] With wildfire risk exacerbated by COVID-19, Regina shares some of the other unforeseen challenges that COVID-19 has presented, to which they have now adapted.

[27:34] Does Regina work directly or closely with first responders?

[28:00] How effective are the current state alert systems? How could they be improved?

[30:30] How effective does Regina believe drones and unmanned aerial vehicles to be?

[31:36] Regina shares what a company in a wildfire zone would need to do in order to have a more comprehensive continuity program for 2021 and beyond.

[35:02] If there is no risk professional at a company, who would Regina recommend as the best type of person to lead out such an effort?

[36:57] Regina provides a good example of effective messaging in the case of a wildfire, both internally and externally.

[39:03] Justin thanks Regina for joining RIMScast!

[39:19] Justin closes out the podcast by giving thanks to both guests and sharing about some links and RIMS offers to check out in the show notes!

Mentioned in this Episode:

RIMS ERM Conference 2020 — Nov. 4th & 5th — LAST CALL TO REGISTER — Save 10% off registration with the code: RIMSCASTLIVE2020

RIMS Risk Forum 2020 India — Register Today!

Upcoming RIMS Webinars

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

RIMS Advocacy: Coronavirus Advocacy Information

RM Magazine

Risk Management Monitor

New Audio Series: RIMS Risk Leaders

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guests:

Martha Bane’s LinkedIn

Regina Phelps’ LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

Today’s episode takes a deep dive into the intersection of strategic risk management, pandemic preparedness, healthcare, architecture, and engineering.

In previous episodes, RIMScast has taken a look at defensive and reactive strategies to COVID-19 — but an architectural initiative that addresses future pandemics and outbreaks is a first!

Project Héroe features prefab structures that can be quickly mobilized and assembled anywhere in the world, regardless of geography or other spatial constraints. Once assembled, the modules form a fully functioning hospital that can either supplement existing healthcare infrastructure or operate independently where critical healthcare gaps exist. Justin was so awed by the designs that he asked the leaders of Project Héroe to join him on RIMScast!

From the design firm, Senior Partner David Swartz and Director of Research Peter Bacevice join Justin to discuss how they wore their risk manager hats when they planned this ambitious project, the importance of well-thought-out, improvised architecture (especially during a crisis), and how this project can be customized to meet the challenges of future pandemics and other major risks such as natural disasters.

Key Takeaways:

[:01] About RIMS’ Transitional Membership.

[:26] About today’s episode.

[:39] Current RIMS features, offerings, and events.

[1:20] More about today’s episode with David Swartz and Peter Bacevice.

[2:10] Justin welcomes David and Peter to RIMScast.

[2:19] David introduces himself and shares about how he came to found Project Héroe.

[3:27] Peter introduces himself and speaks about his involvement with Project Héroe.

[4:25] How AI played a role in the design for Project Héroe.

[5:26] What they learned in putting the project together.

[7:09] David shares what motivated them to initially start Project Héroe, its main mission, and the team they brought together to make the project come to life.

[8:54] How they raised capital for the project.

[9:19] Where they currently are right now with Phase 2 of the project and what they’re currently trying to raise money for.

[10:14] What the project represents and how it displays proactive risk management.

[10:58] What they learned about mobile hospitals while working on this project.

[12:02] How they’ve thought about mitigating risk and their holistic solution to address the immediate pandemic as well as future pandemics and natural disasters.

[13:17] How Project Héroe is able to be customized to meet the challenges of future pandemics and other major risks such as natural disasters, man-made disasters, and beyond.

[16:00] Project Héroe developed its modular healthcare architecture to cover many applications.

[17:38] How Project Héroe could lead to strategic city and local government planning, even shaping the cities of the future.

[19:17] Peter offers some additional thoughts around the importance of well-thought-out, improvised architecture — especially during a crisis.

[21:55] With the diverse group of consultants they brought on for Project Héroe, David shares a lightbulb idea they hadn’t previously considered during the early stages of the project.

[23:40] Peter touches on the educational side when facing a real-time crisis.

[25:20] Justin thanks Peter and David for joining RIMScast and shares some of the important links to check out in today’s show notes!

Mentioned in this Episode:

HLW

Project Héroe Architecture Images

RIMS ERM Conference 2020 — Register Today! — Save 10% off registration with the code: RIMSCASTLIVE2020

RIMS Risk Forum 2020 India — Register Today!

Upcoming RIMS Webinars

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

RIMS Advocacy: Coronavirus Advocacy Information

RM Magazine

Risk Management Monitor

New Audio Series: RIMS Risk Leaders

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Related RIMScast Episodes:

“SRM as a Design Tool for Smart Buildings with Val Loh”

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guest:

David Swartz’s LinkedIn

Peter Bacevice’s LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

Telemedicine and telehealth have forever solidified their place in health services. In this episode, Justin Smulison is joined by a guest who has her finger on the pulse of this area to discuss the risks and benefits of telehealth and telemedicine.

Jennifer Schoenthal is an Underwriter for Miscellaneous Medical and Life Sciences at Beazley. She has vast experience in risk and insurance in telemedicine, has 20 years of experience as an Underwriter, holds P&C licenses in over 15 States, and is a nationally recognized speaker and writer.

Justin and Jennifer virtually sit down together to discuss the risks and benefits of telemedicine and telehealth and how it impacts employers, employees, insureds, and insurers. Jennifer shares how she has seen the telemedicine sector evolve over time, the risks that telehealth and telemedicine providers face, how telehealth and telemedicine are changing the landscape of insurance coverage, and much, much more.

Key Takeaways:

[:01] About RIMS’ Transitional Membership.

[:26] About today’s episode.

[:32] Current RIMS features, offerings, and events.

[1:11] More about today’s episode with special guest, Jennifer Schoenthal.

[1:43] Justin welcomes Jennifer Schoenthal to RIMScast.

[1:50] Jennifer introduces herself and shares about her involvement with and experience in risk management and insurance.

[2:39] Having watched the telemedicine sector grow, Jennifer shares her impressions of it and how it has evolved over time.

[4:27] The risks that telehealth and telemedicine providers face.

[5:40] The difference between telehealth and telemedicine.

[6:08] How are telehealth and/or telemedicine changing the landscape of insurance coverage?

[7:53] Would Jennifer agree that there was an adoption curve with telemedicine due to COVID-19? How did it change and how does she feel that it will continue to change?

[10:52] How COVID-19 has changed the risk profiles for telemedicine providers.

[13:03] Jennifer shares what she believes would happen if regulations eventually got stricter once a vaccine is successful or COVID-19 dissipates.

[16:11] Jennifer speaks about a loophole in The Public Readiness and Emergency Preparedness Act (PREP Act) and how closing it would be beneficial to a lot of insurers. She also addresses whether or not it is a cause that risk advocacy groups could take up and discuss with legislators.

[18:28] Data privacy is a huge concern when it comes to telemedicine. Jennifer highlights some of the areas in which virtual care insurance has successfully resolved some of these risks.

[19:50] In light of Mental Illness Awareness Week (which was Oct. 4th–10th), Jennifer shares how successful telemedicine can be for those who need mental wellness services.

[21:41] Looking to 2021, Jennifer shares how she believes employers can support their workforce during the continuing COVID-19 crisis.

[23:51] Justin thanks Jennifer Schoenthal for joining RIMScast and shares some of the important links to check out in today’s show notes!

Mentioned in this Episode:

RIMS ERM Conference 2020 — Register Today! — Save 10% off registration with the code: RIMSCASTLIVE2020

Risk Management Magazine: “The Benefits and Risks of Telehealth Service” (May 2020)

The Public Readiness and Emergency Preparedness Act (PREP Act)

Upcoming RIMS Webinars

RIMS Advisory Services — Ask a Peer

On-Demand Webinars

RIMS Coronavirus Information Center

RIMS Advocacy: Coronavirus Advocacy Information

RM Magazine

Risk Management Monitor

New Audio Series: RIMS Risk Leaders

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Related RIMScast Episodes:

“An Update on COVID-19 with Dr. Adrian Hyzler”

“An Update on COVID-19 with Dr. Adrian Hyzler Part 2”

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: [email protected].

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.

Follow up with Our Guest:

Jennifer Schoenthal on Beazley

Jennifer Schoenthal’s LinkedIn