What Will Keep Risk Managers Up at Night?
Tort woes, terrorism, workers comp crisis, insurer finances all causes for insomnia
It's no wonder many risk managers always seem to have bags under their eyes. Having safely navigated their companies through the turbulence of the hard market, you'd think that they could finally rest easy and catch a few hard-earned Z?s maybe even sleep-in a weekend or two.
And why not? Chances are their CEOs are partying like it's 1999, having turned in some of the best profits since the stock market bubble burst in 2000. But while the corporate elite collect kudos (not to mention big bonuses, stock options and golden parachutes), the dedicated risk manager toils away, often in obscurity, fretting over terms and conditions, limits and retentions, and haggling over price.
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