RIMScast

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

Today’s guest is Sushant Sarin, the Executive Vice President of Commercial Lines for TATA AIG General Insurance Company Limited.

In 2018, Sushant presented at the RIMS Risk Forum in India, with a session on managing the potential risks and rewards of Asian infrastructure, economic, and technological development. In today’s episode, he revisits this topic once more and gives a condensed version of his panel from the Forum. They discuss risks that companies in Asia-Pacific should consider, some of the upside risks regarding risk management in India, climate risks in India, best practices, and more!

Key Takeaways:

[:16] About today’s episode and featured guest.

[:24] About the RIMS 2019 Annual Conference.

[:44] More about today’s guest, Sushant Sarin.

[1:15] Justin welcomes Sushant to the podcast.

[1:29] Sushant highlights some risks that companies in Asia-Pacific should consider.

[4:02] Some of the upside risks when considering the Asian infrastructure.

[5:00] The most pressing needs regarding risk management in India.

[6:19] How long will it take to see a change in risk management in India?

[6:57] How the topics of scarcity and climate risk will be built into the training for risk managers in India.

[8:26] Best practices Sushant’s put into place regarding monsoons.

[9:38] Climate risk trends Sushant is noticing in India.

[10:43] Would Sushant agree with the statement: “Inspiring the will of the people and the government at the same time is the key to getting the infrastructure where it needs to be.”

[11:44] Sushant’s parting thoughts for this week’s episode!

[12:00] Justin closes this week’s podcast.

Mentioned in this Episode:

RIMS Annual Conference 2019
TATA AIG General Insurance Company Limited

RIMS Risk Forum India 2018 Coverage

RIMS Risk Forum 2018 India Q&A with Shankar Garigaparthy of Lloyds India

Latest Members-Only Episode: Live from RIMS India Risk Forum 2018 with Peter Young

Marsh and RIMS State of Risk Management in India 2018 Survey

RIMS 2019 Annual Conference Registration

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 join the RIMS Group on LinkedIn.

Follow up with Our Guest:

Sushant Sarin’s LinkedIn

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

Today’s guest is the CEO and founder of EverEdge, Paul Adams. He joins Justin to talk about intangible assets and intangible risks. On March 7th, Paul is going to be hosting a webinar for RIMS members about leveraging intangible assets to build a competitive edge — so this episode here is going to give you a great sneak preview into that webinar!

These key pieces of information about intangibles are things that every company should know about — so be sure to download this episode and listen in!

Key Takeaways:

[:16] About today’s episode and featured guest.

[:40] About the RIMS 2019 Annual Conference.

[:52] More about today’s guest, Paul Adams.

[1:26] Paul talks about how he got started in the risk management industry.

[3:02] When EverEdge came to be.

[3:20] Intangible assets make up what percentage of a company’s value? And is there a correlation between the loss of intangible assets and tangible assets?

[6:06] What Paul considers the top five intangible asset risks that most companies face.

[9:27] Are there products for ensuring intangible assets that are good?

[10:20] What Paul sees as the biggest intangible risks for the next few years.

[12:02] Where to follow-up with Paul’s upcoming webinar and get in touch with Justin.

Mentioned in this Episode:

RIMS Annual Conference 2019
EverEdge

“Leveraging intangible assets to build a competitive edge” webinar with Paul Adams
RM Magazine

Risk Management Monitor

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 join the RIMS Group on LinkedIn.

Follow up with Our Guest:

Paul Adams’ profile on EverEdge

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

In today’s episode, Dr. Erin Meyer, the author of The Culture Map (and the keynote for the RIMS 2019 Annual Conference), joins Justin Smulison. She’s a professor at INSEAD, one of the leading international business schools. Her work focuses on how the world’s most successful managers navigate the complexities of cultural differences in a global environment. In 2015, she was selected by Thinkers50 Radar’s list as one of the world’s up-and-coming business thinkers.

Anyone who works in or conducts international business (or who has co-workers in other countries) can learn something from Dr. Meyer’s work. Join her and Justin today to hear her take on cross-cultural differences, common mistakes and challenges, her experiences, key traits amongst successful risk managers in the space, and more!

Key Takeaways:

[:11] About today’s episode.

[:26] About the RIMS 2019 Annual Conference.

[1:12] Justin welcomes Erin to the podcast.

[1:26] Erin discusses what she will be discussing during her keynote for RIMS 2019 Annual Conference.

[2:20] Erin’s experiences with risk professionals.

[5:02] How technology can help or hinder cross-cultural differences.

[8:58] Common mistakes and challenges that professionals make when collaborating with other cultures.

[14:21] Erin talks about an important aspect in her book: high context and low context communication.

[15:57] Traits that risk managers need when they’re looking to expand or collaborate with another culture.

[19:47] Are there countries where risk managers might find collaborations most challenging?

Mentioned in this Episode:

RIMS Annual Conference 2019
The Culture Map: Breaking Through the Invisible Boundaries of Global Business,
by Erin Meyer

Thinkers50

Risk Management Monitor's Q&A with Erin Meyer

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 join the RIMS Group on LinkedIn.

Follow up with Our Guest:

Dr. Erin Meyer’s Website

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

Today’s episode will provide a unique, international insight! The guest today is Teressa Betty, a Risk Consultant to the ASB Bank as well as the President of the newly created New Zealand and Pacific Island Chapter of RIMS.

Betty provides a very global view of the newly formed Chapter of RIMS. In today’s discussion, she talks about her career and what it’s like to be a risk manager in New Zealand, including the challenges (and fun parts!) of creating a new, national Chapter.

Key Takeaways:

[:16] About today’s episode.

[:54] About the RIMS 2019 Annual Conference.

[1:20] How Teressa got started in risk management.

[3:02] Teressa gives a status update on the newly created New Zealand and Pacific Island Chapter of RIMS. She also talks about what it takes to create a Chapter.

[5:55] Their current top five risks, including risks unique to New Zealand.

[9:10] How these risks influence Teressa’s job on a daily basis.

[11:52] How would Teressa characterize her risk appetite? And would she say it is reflective of New Zealand’s overall culture?

[13:36] What Teressa thinks companies and risk managers should know about working with New Zealand-based organizations or when they’re doing business in the country.

Mentioned in this Episode:

RIMS Annual Conference 2019
ASB Bank

More about the newly formed New Zealand and Pacific Island Chapter of RIMS

The complete list of RIMS Chapters

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 join the RIMS Group on LinkedIn.

Follow up with Our Guest:

Teressa Betty’s LinkedIn

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

On today’s episode, Justin is talking international codes and standards with his guest, Chris Wieczorek; Vice President of International Codes and Standards at FM Global. Specifically, they are discussing fire codes outside the U.S. and the risk management issues that you might run into if you decide to take on a project in another country.

Justin and Chris talk about the differences between building codes and safety codes, how some countries with less westernized risk management practices may have weaker codes and standards, how natural disasters that happen within a 7-12 year span can impact revisions, the most effective ways risk managers can enforce their practices in countries with weaker building codes, and more.

Key Takeaways:

[:16] About today’s episode.

[:30] About RIMS Annual Conference 2019.

[:57] More about today’s episode.

[1:21] Justin welcomes Chris on to RIMScast.

[1:35] Chris talks about his role at FM Global.

[3:11] The difference between building codes and safety codes.

[4:03] How a risk manager manages the different needs of organizations around the world in terms of fire codes (especially regarding quality and enforcement.)

[4:55] Do countries with less westernized risk management practices have weaker codes and standards?

[9:21] How natural disasters that happen within a 7-12 year span can impact revisions.

[10:00] How much of a risk management issue is working with sub-contractors and vendors internationally?

[11:33] Business risks when companies venture into countries with more ‘lack environments.’

[12:47] Is Chris finding that there are some countries demonstrating an eagerness to improve their codes and ‘step up their game?’

[15:30] When is the next time that Chris will be surveying for their Resilience Index?

[15:37] The most effective way risk managers can enforce their practices in countries with weak building codes.

[16:33] Where to learn more about risk management topics and how to follow-up with your host, Justin Smulison.

Mentioned in this Episode:

RIMS Annual Conference 2019

FM Global

FM Global Resilience Index

Fire Loss Prevention Forum of India

RM Magazine

Risk Management Monitor

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 join the RIMS Group on LinkedIn.

Follow up with Our Guest:

Chris Wieczorek’s LinkedIn

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

Today is a fantastic episode, featuring some great insight from Justin’s guest, Gloria Brosius. Gloria is RIMS 2019 President as well as the Director of Risk Management and Insurance at Pinnacle Agriculture. She’s been very active in the RIMS community and has served on the Board of Directors since 2014. She is a member of the Rocky Mountain RIMS Chapter and was it’s President in 2016.

Gloria gives her risk management insights in a variety of topics, including her plans as RIMS 2019 President, how risk management has evolved during the duration of her career, the most pressing concerns she has faced (and is facing), the biggest risks she faces at her current job (at Pinnacle Agriculture), how she characterizes her risk outlook, and much, much more.

Key Takeaways:

[:16] About today’s guest, Gloria Brosius.

[:26] About RIMS 2019 Annual Conference.

[:56] More about today’s guest, Gloria Brosius.

[1:28] What Gloria plans on focusing on as RIMS 2019 President.

[2:40] How Gloria originally got acquainted with RIMS.

[4:17] How risk management has evolved over the course of Gloria’s career.

[5:37] How risk professionals can advance their careers.

[6:35] Some of the most pressing concerns Gloria has faced and is currently facing in risk management.

[7:39] What originally drew Gloria to the agricultural industry.

[9:20] Some of the biggest risks Gloria faces in her job at Pinnacle Agriculture.

[10:56] About Pinnacle Agriculture’s safety initiatives.

[11:20] How climate risk weighs into Pinnacle Agriculture’s risk register.

[11:56] Did Gloria help build the risk register at Pinnacle from the ground-up?

[13:22] As Gloria builds her risk management team, what sort of qualities will she be looking for in potential team members?

[14:25] How Gloria feels that the role of the risk management department has changed.

[15:08] How Gloria characterizes her risk outlook.

[15:39] How many trucks and members are a part of Gloria’s fleet?

[16:43] Is arable land a risk that is effecting Gloria’s work?

[17:24] Is Pinnacle engaged in the benefits of biodiversity?

[18:09] Is Pinnacle experimenting with biodiversity? And is water a big concern? And are certain parts of California part of the drought issue?

[19:30] Gloria’s parting thoughts this episode!

[20:11] Where to follow-up and get ahold of Justin of RIMScast.

Mentioned in this Episode:

RIMS Annual Conference 2019

Pinnacle Agriculture

Rocky Mountain RIMS Chapter

FCC Services

RIMS CRMP Certification

RIMScast episode with Jeff Nesbit

RIMS.org — Risk Knowledge (For Members-Only Episodes)

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 join the RIMS Group on LinkedIn.

Follow up with Our Guests:

Gloria Brosius (LinkedIn)

Gloria Brosius’ Bio on RIMS.org

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

This week, Justin brings you a remastered members-only episode that aired back in October of last year. Due to much request, RIMScast believed it was due time to air it here!

The guest in this episode is Jason Brown, Chair of the Technical Committee that oversaw the changes made to the ISO 31000 standard. He’s also the National Security Director for Thales in Australia and New Zealand.

Jason provides tons of valuable insight in this special episode; discussing the most important changes that were made to the ISO 31000 standard in 2018, the key elements that were retained, and other projects that the Technical Committee will be working on in the future. He also offers his advice for risk management professionals interested in standards and how they can get involved on those committees.

Key Takeaways:

[:12] About today’s remaster episode.

[:35] How to register for RIMS 2019 Annual Conference.

[:50] More about today’s show.

[1:30] How Jason came to chair the ISO Technical Committee on risk management.

[2:35] The most important changes made to the ISO 31000 standard in Jason’s opinion.

[3:30] When the handbook for the revised ISO 31000 standard will be ready.

[3:52] The key elements to the ISO 31000 standard that were retained.

[5:42] What Jason learned about risk management during the revision process.

[9:27] Does Jason believe that the ISO 3100 standard is the best reference for the organization wanting to improve their risk management competencies?

[11:40] Jason explains how people with an interest in standards development can get involved.

[13:36] Jason offers some pieces of advice to fellow risk management professionals.

[15:00] Where to follow-up on more information about today’s topic and get a hold of Justin to suggest topics for upcoming episodes!

Mentioned in this Episode:

RIMS Annual Conference 2019 Registration

Thales

ISO 31000 standard

RIMS.org - Risk Knowledge
RM Magazine

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 join the RIMS Group on LinkedIn.

Follow up with Our Guests:

Jason Brown’s LinkedIn

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

Today’s episode is going to tackle intelligence risk management with Dr. Jay Grusin, founder and President of the Analytic Edge, and Steve Lindo, Principal of SRL Advisory Services. This episode will give a preview of their two-day workshop at the upcoming RIMS Annual Conference 2019, called “Mastering Intelligence Risk Management Techniques,” which will be held in Boston, Massachusetts, from April 28th to May 1st.

Dr. Grusin and Steve Lindo describe what intelligence risk is, what originally brought them together to collaborate, examples of intelligence risk management techniques, and how these techniques can be used in real-life situations.

Key Takeaways:

[:16] About today’s episode.

[1:01] Dr. Grusin and Steve describe what intelligence risk is.

[2:05] What brought Jay and Steve together and what made them decide to collaborate together.

[3:02] Steve explains how they teach their analytical methods in their workshops.

[3:39] Jay explains how their RIMS 2019 Annual Conference workshop will differ from their previous one in 2018.

[5:03] Steve and Jay give some examples of how these techniques (taught in their workshop) can be used in real-life situations.

[8:25] Does this all tie into reputation risk?

[11:48] Steve gives his last thoughts for RIMScast listeners!

[13:48] Email Justin at [email protected] for any suggestions, comments, or feedback.

Mentioned in this Episode:

RIMS Annual Conference 2019 Registration

Analytic Edge

SRL Advisory Services

“The collapse of Lehman Brothers: A case study”
BP Macondo Oil Well

Volkswagen Defeat Device

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 join the RIMS Group on LinkedIn.

Follow up with Our Guests:

Dr. Jay Grusin’s LinkedIn

Analytic Edge

Steve Lindo’s LinkedIn

SRL Advisory Services

"Mastering Intelligence Risk" - Two-Day pre-conference workshop, April 27-28, 2019

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

This is the second episode of the two-part series, coming to you live from the RIMS Risk Forum 2018 in India. Many outstanding conversations were had from leaders in the risk management community in India and the Asia-Pacific region — and today, the conversation continues.

In this edition, Justin talks with Ashish Parakh, Senior Vice President of Strategy, Risk Management Practice, Data & Analytics, and Marketing & Communications at Marsh about Risk Finance Optimization and issues facing the risk management discipline and the greater economy. After that, Carissa Hickling of Talent Acquisition Strategy & Technology Global Consultant for Siemens continues the conversation of diversity in Corporate India, such as the risks and opportunities they face, based off the panel she presented at the convention. And the final guest, Wolfram Hedrich, the Executive Director of the Asia Pacific Risk Center in Marsh & McLennan Companies, also continues his conversation from the panel he led, entitled “Excellence in Risk Management: State of Risk Management in India.”

Key Takeaways:

[:09] About today’s episode.

[1:27] About today’s first guest — Ashish Parakh.

[2:20] Ashish describes his area of specialty and how it is applied.

[6:02] The key messages and takeaways Ashish has for risk managers in India.

[7:45] Industries in India Ashish feels really need more risk managers.

[9:16] About today’s next guest — Carissa Hickling.

[9:55] Carissa talks about her background and how she originally came to work and live in India.

[10:30] About Carissa’s work with Siemens.

[11:07] Carissa explains where diversity intersects with risk in India.

[12:35] Does diversity mean different things to different people within corporate India?

[14:11] Justin and Carissa talk about Section 377 in India.

[15:41] What Carissa thinks the rest of the world could learn from India’s experience.

[16:50] Justin introduces the final guest: Wolfram Hedrich.

[17:22] Wolfram talks about how risks and expectations for risk management are evolving.

[20:49] What should risk managers in India and the Asia-Pacific region know about co-interest rates coming to an end?

[24:35] Wolfram elaborates on what he means when he says, “in every crisis lies an opportunity.”

[27:22] Wolfram’s additional thoughts on the State of Risk Management in India paper.

[28:58] Just wraps up this week’s episode and wishes you all a Happy New Years! You can email Justin at [email protected] for any suggestions, comments, or feedback.

Mentioned in this Episode:

RIMS Risk Forum 2018 India Photo Gallery

RIMS Risk Forum 2018 India Roundup (Justin’s Coverage on RMM)

RIMS Risk Forum 2018 India Q&A with Shankar Garigaparthy of Lloyds India

Latest Members-Only Episode: Live from RIMS India Risk Forum 2018 with Peter Young

RIMScast: “Speaking with Leaders in Risk Management at the RIMS Risk Forum India 2018 (Part 1)”

Marsh and RIMS State of Risk Management in India 2018 Survey

RIMS Annual Conference 2019 Registration

Marsh

Siemens

Marsh & McLennan Companies

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 join the RIMS Group on LinkedIn.

Follow up with Our Guests:

Ashish Parakh’s LinkedIn

Carissa Hickling’s LinkedIn

Wolfram Hedrich’s LinkedIn

Welcome to RIMScast. Your host is Justin Smulison, Business Content Writer at RIMS, the Risk and Insurance Management Society. Today, Justin is joined by recurring guest, Whitney Craig (RIMS Government Relations Director), for a follow-up on the RIMS Legislative Summit.

In this episode, Whitney and Justin pick up where they left off in September of their last podcast that was recorded live at the RIMS 2018 Legislative Summit. They had discussed the National Flood Insurance Program (NFIP) and the Terrorism Risk Insurance Act (TRIA) — so today, they will be revisiting these topics, plus a whole lot more!

Key Takeaways:

[:14] About today’s show with recurring guest, Whitney Craig.

[1:02] Justin welcomes Whitney to the show.

[1:11] Whitney gives an update on the status of the NFIP.

[3:54] With midterms concluding, what are the impacts to RIMS members?

[4:52] Whitney’s outlook for the 116th Congress.

[9:05] Whitney gives a status update on TRIA.

[10:02] Whitney speaks about changes of strategy that RIMS members should know about when it comes to working with lawmakers.

[11:14] Does Whitney see the Congress freshmen as an opportunity or a hindrance?

[13:34] Does Whitney believe that it is important to align with Congressmen similar to Dennis Ross?

[15:46] Whitney’s thoughts on cyber reporting.

[17:43] Justin thanks Whitney for being a part of this week’s RIMScast.

[18:55] You can email Justin at [email protected] for any suggestions, comments, or feedback.

Mentioned in this Episode:

Risk Management Monitor Coverage of the RIMS 2018 Legislative Summit

“RIMScast: Florida Congressman Dennis Ross at the RIMS Legislative Summit Sept 13th, 2018”

“RIMScast: RIMScast Live at RIMS Legislative Summit (2018) with Whitney Craig and Barry Dillard”

RISKPAC (the RIMS Political Action Committee)

Marsha Blackburn

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 join the RIMS Group on LinkedIn.

Follow up with Our Guest:

Whitney Craig’s LinkedIn

Whitney Craig’s RIMS Community Profile

Email: [email protected]