"As they look for the fastest route to meet the evolving needs of their clients, many RIMS vendors are expanding capabilities by integrating third-party solutions. For instance, these solutions currently include cybersecurity, catastrophic risk, artificial intelligence, and analytics, all of which are being integrated into various RMIS platforms," said David Tweedy, senior advisor at Redhand Advisors, in a press release. (Photo: Elnur/Adobe Stock)
The pandemic has redefined what it means for a business to be "resilient." It follows that organizations and public entities throughout the U.S. increased their reliance on risk management systems to manage evolving exposures this past year.
At the same time, risk management information systems (RMIS) vendors stepped up their game to provide innovative tools to help businesses manage and respond to COVID-19.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
