Risk Managers Role Moving Into The Board Room.

As risk management evolves into more enterprise and strategic risk initiatives, CEO's are starting to embrace the risk managers seat in the board room.  As the science of risk materializes into ways to increase profits for companies, risk managers find themselves participating in strategic discussions. CEO's are understanding this value and so are boards. Risk management used to be thought of as the department that bids and watches over commercial insurance. However as the discipline has shown, it is more than that. Risk management process has implications to allow companies to grow and acheive business objectives. In addition the RM process is allowing companies to form captives or self insure to control the working layers of risk and losses. All in all,  Rm's are reducing cost of risk which in turn adds value to the bottom line. Until next time be careful out there and know your risks. K

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