ERM 101: The Basics of Enterprise Risk Management June 13, 2024 By Origami Risk When a manufacturing company suddenly faces a significant supply chain disruption due to a natural disaster in a critical supplier’s region — without a robust risk management strategy — they must scramble to find alternative suppliers, which leads to production delays, increased costs, and dissatisfied customers. Now, consider the same scenario with an effective Enterprise … Continued
Client Q&A – Julie Bean, RIMS 2024 Ron Judd Heart of RIMS Award Recipient June 12, 2024 By Origami Risk Each year, RIMS, the risk management society® ️bestows the Ron Judd Heart of RIMS award in recognition of a RIMS member whose volunteer contributions have played a major role in keeping the society vibrant and resilient. This year’s recipient is Julie Bean, Head of Risk Management at Chamberlain Group. As a follow up to a … Continued
4 Mindful Driving Practices: A Win-Win for Insurers and Insureds May 29, 2024 By Origami Risk In today’s economy, both insurers and insureds experience the negative impact of the high cost and lengthy repair times for cars after an accident. According to The New York Times article Why Car Repairs Have Become So Expensive, repair costs have increased 36% since 2018. This is due in part to newer vehicles’ sophisticated, computer-based … Continued
Origami Risk Recognized for Strengthening Operational Resilience by Independent Research Firm May 28, 2024 By Origami Risk Imagine your business is facing a sudden disruption — a cyberattack, a natural disaster, a critical system failure. How quickly could you bounce back? Operational resilience is the key to weathering these storms. It’s about ensuring your business is prepared and can continue operating efficiently, even amidst unexpected challenges. In the 2024 Verdantix Smart Innovators: … Continued
Centralizing Driver Qualification Files in Origami Risk May 24, 2024 By Origami Risk Written By: Michelle Huizenga After partnering with risk and safety managers responsible for fleet management at client organizations across a wide array of industries, we’re excited to announce the launch of our Driver Qualification File (DQF) functionality. We’ve found that risk managers, safety managers, HR, and operations managers must often resort to manual, repetitive tasks … Continued
5 Tips for Softening the Blow of a Personal Lines Hard Market May 22, 2024 By Origami Risk The U.S. property and casualty insurance industry has endured an unyielding hard market across business lines for several years. Strict underwriting rules and high rates continue to prevail thanks to obstacles like supply chain snags, high cost of goods and workers, catastrophic claims, and the rise in nuclear verdicts. The impacts of the hard market … Continued
Using the 2024 RMIS Report in the Search for the Right Risk Technology Partner May 13, 2024 By Origami Risk When it comes to selecting the right risk management technology solution, the journey begins with understanding what’s available. From the features and functionality to the level of support providers offer, an objective comparison is helpful. The 2024 RMIS Report serves as an excellent starting point for risk professionals looking to explore new technologies — whether … Continued
Transforming Healthcare Risk Management: Insights from Advocate Health’s Journey May 7, 2024 By Origami Risk In healthcare, where the stakes are high and the margin for error is slim, the adoption of transformative risk management practices is not just a necessity but a strategic imperative. Recently, Elsie Lindgren, RN, BSN, CPPS and current VP of Patient Safety at Advocate Health, sat down with Anooja Cannon, MS, CPHQ, of Origami Risk, … Continued
Journey to High Reliability Organization: The Role of Integrated Risk Management & Collaboration in Healthcare May 7, 2024 By Origami Risk In the intricate landscape of healthcare, patient safety stands as a paramount concern. Ensuring the well-being of patients requires a multifaceted approach, one that transcends departmental boundaries and fosters collaboration among various stakeholders. Advocate Health, a leading healthcare institution, exemplifies this collaborative spirit in its journey toward integrated risk management. Elsie Lindgren, Vice President of … Continued
Navigating the Complexities of GenAI May 2, 2024 By Origami Risk Generative AI (GenAI) has taken the world by storm, promising unprecedented efficiency gains and creative possibilities across industries. As organizations rush to capitalize on this transformative technology, risk management professionals must approach it with a strategic and cautionary mindset. While the potential benefits are immense, the inherent challenges and risks associated with GenAI cannot be … Continued