| | September 201919CIOReviewFCC ServicesEmpowering the Captive Insurance MarketHow has the risk management technology landscape evolved in recent years, and what are the current market trends in the space?Having worked at various Fortune 500 companies, I witnessed that employees are not necessarily qualified for risk management. As a result, companies often fail to assimilate that they have embraced fragile insurance practices. If a business has lousy financing, accounting, and marketing, they can quickly assess it by analyzing their cash flow or reports. But, with risk management, companies may not realize that they have insufficient insurance coverage until they claim. Organizations can buy a terrible insurance product, and they never know until requested for a claim. Thus, firms overlook risk management until they experience a trauma and are forced to embrace it.By Zachary Finn, Director of Davey Risk Management, Butler UniversityNEED FOR RISK MANAGEMENT PROGRAMS FOR SECURING ORGANIZATIONSCXO INSIGHTS
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