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Mar. 28, 2013


MexiPass International Insurance Services, LLC


MexiPass is the leading MGA, Underwriting Manager & Risk Management Solutions provider for risks of American entities in Mexico.
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Opportunities are the same as threats
By Dr. David Hillson
International risk standards and guidelines define risk as a double-sided concept. This includes the possibility of both upside and downside risks, with either positive or negative effects on the achievement of objectives. We use the word "opportunity" to describe an upside risk with positive impacts, and "threat" is used for downside risks with negative consequences. Although the theory is clear, many organizations, teams and individuals have problems in practice with including opportunities in the risk process.
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Industry Pulse: Do you have a plan for assessing upside risks?
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Previous Industry Pulse: Do you routinely check the MVRs of prospective drivers?
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Risk management becoming focus of bank boards
Birmingham Business Journal
The majority of the boards of directors for large banks are spending significantly more time on risk management, according to a new survey by Bank Director and Wolters Kluwer Financial Services. The survey, which was conducted in January using risk officers and directors at banks with more than $5 billion in assets, said 91 percent of those surveyed reported an increase in time devoted to risk management issues within board meetings over the last three years.
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Succession planning
Business Excellence Magazine
There was a time when succession planning was something only companies large enough to employ thousands of people did as part of an overall management development strategy. Since then screeds have been written on the evolution of succession planning, most of which points to the need for organizations to plan for the inevitable loss of key staff, irrespective of their seniority. Yet succession planning as a discipline needs to evolve beyond aiming to ensure continuity in management. It needs to be regularly reviewed as company cultures and economic climes vary.
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SHOWCASE
  LWG Consulting

Forensic Scientists & Engineers

Offices located worldwide

www.lwgconsulting.com

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Trend watch — what's ailing the TSA?
Travel Agent Central
The Senate-passed budget proposal to raise the Transportation Security Administration passenger security tax is facing fire from airline industry group Airlines for America, but this is only the latest time the security agency has faced controversy over its efforts to keep wait times at the nation's airports down. A4A argues that the resolution, which would first double and then triple the tax, would unfairly impact the airlines, passengers and shippers who pay federal aviation taxes. Instead, A4A believes that implementation of risk-based security programs would be enough to trim operating costs by enhancing screening efficiency.
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  PRODUCT SHOWCASES
Reduce Your Electrical Safety Risk

AVO® Training Institute, a Megger® subsidiary, celebrates its 50th year keeping people safe from electrical hazards. From equipment application and maintenance procedures to safe work practices, arc flash hazard analysis and engineering services; AVO is the complete one-stop-shop learning center. Our difference is our hands-on approach to safety training. MORE
Pharmacy Benefit Management

IPS has a comprehensive suite of PBM services structured to provide the highest quality prescription health services at cost containment prices while streamlining and simplifying the claims management process for adjusters. IPS also provides ancillary healthcare services to injured workers and policyholders in need of durable medical equipment and supplies, home healthcare, home therapy including physical, occupational, and speech, and transportation and language services through a single touch point. MORE
Medical and Pharmacy Canvasses save you money!

Veracity Research Co. Investigations (VRC) is “THE Professional Investigative Services Leader”. VRC’s canvass program provides three options for your investigative needs; Medical Canvasses, Pharmacy Checks, and Lifestyle Canvasses. Whatever your needs may be, we have the canvass designed to get you the information you desire. Contact us today to discuss this excellent time-saving service. MORE


Focus on cost can destroy company flexibility
BDlive
Many organizations around the world have realized that focusing on having the least cost in a supply chain can end up costing more. Rod Stout, director at Business Modelling Associates, says: "A supply chain with a cost focus is often a rigid supply chain. Therefore, while cost remains a critical factor, many multinationals are building in the ability to be flexible, as the cost of not being agile is far higher than any savings that can be generated by cutting costs."
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Visual risk analysis of emerging Europe ETFs
ETF Database
The ever-expanding ETF universe has spawned an array of instruments that have allowed investors of all walks and styles to shed their home country bias. Through the purchase of a single ticker, investors can now easily tap into dozens of markets overseas that were previously too difficult to reach for most. As a result, foreign equity and emerging markets ETFs have found their way into countless portfolios as investors geographically diversify their holdings while the global recovery picks up steam.
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  FEATURED COMPANIES
SRM Is Your Global Recovery Partner

ServiceMaster Recovery Management is your single source solution for disaster readiness and rapid response. We are always ready. Now you can be too. MORE
INFORM - RMIS Reporting and Intake

INFORM offering RMIS, Claim Predictive Modeling, Claim/Incident Management, Litigation, Claim Audit, Policy/Exposure Management, Certificate of Insurance Tracking, OSHA, Loss Prevention, Safety Surveys, RIMS Booth #635


SAS leads in operational risk management
Sarbanes-Oxley Compliance Journal
SAS remains a category leader in Chartis Research's Operational Risk Management Systems for Financial Services 2013 report. According to Chartis, buyers need greater links between operational risk and other risk-related solutions such as GRC, financial crime and enterprise risk management. Per Chartis, successful operational risk software vendors that buttress technology with deep domain expertise from other risk solutions can become "one-stop shops that can manage GRC and operational risk through a number of related components."
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Avoiding risk when a supply chain relies on an extreme location
The Strategic Sourceror
While most companies try to ensure their supply chains are as free from potential disasters, sometimes it's impossible for a firm to guarantee its sourcing or manufacturing are completely safe. Depending on a product being manufactured, or destination for products, it can be necessary for a company to encounter some risk in its processes. In these instances, having disaster preparedness business solutions in place is even more critical, and these alternative methods have to be effective to stop a corporation from experiencing financial loss, a shortage of product or reputation problems.
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FEATURED ARTICLE
TRENDING ARTICLE
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Top 10 loss control tips for 2013: Eye injury safety programs
By Dennis Truitt
Frequently, eye injuries fall into a very close second place behind hands and fingers in the workplace. It is typical to see these accidents taking up about 15 percent of the injuries sustained to worker body parts. Interestingly, many of these injuries are easily preventable. In fact, most of the incidents that are cited involved either failing to wear eye protection, or failing to select the correct type of eye protection. You can prevent a lot of incidents by conducting a hazard assessment to determine company needs.

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Top 10 loss control tips for 2013: Hand/finger safety programs
By Dennis Truitt
Regardless of the situation, it is always important to protect your hands and fingers. This is the part of the body that is most likely to be injured at work. Even with glove improvements and campaigns to increase hand and finger safety, it is still essential to have a hand and finger safety program readily accessible and widely distributed. Enhance your hand/finger safety by implementing a hazard recognition and assessment program.

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Shifting from compliance-based IT security to a risk-based model
SecurityInfoWatch
In the ever evolving threat landscape that is IT security, some security executives have become so focused on taking an approach that meets compliance requirements that their attention has become diverted away from some of the actual risks facing their respective organizations. Obviously complying with rules and regulations set forth is important, but some organizations are making it the primary guiding principle of their security program.

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When to take a business risk
TIME
You've got an idea you think could turn out to be The Next Big Thing, but if it doesn't meet a few key conditions, you could just be putting your small business in jeopardy. The following are a few things to think about before taking the plunge, from Maryalene LaPonsie at Small Business Computing.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Shifting from compliance-based IT security to a risk-based model (SecurityInfoWatch)
Business continuity benefits growth too (Supply Management)
Why hiring interns is more dangerous than ever — and how to stay safe (HR Morning)
JPMorgan, other banks scale back risk models (Fox Business)
Risk management: Running a tight ship (MarineLink)

Don't be left behind. Click here to see what else you missed.


Companies get strict on health of workers
The New York Times
Employers are increasingly trying to lower health care costs by using incentives to persuade workers to make better lifestyle choices, a new survey shows, but what remains less clear is whether a reward is better than a punishment — or whether the programs work at all. The survey found that the vast majority of companies use rewards like lower insurance premiums to try to nudge employees to improve their health. But increasingly employers are taking the programs a step further, by penalizing employees who do not make healthy choices and linking incentives to measurable results.
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Chinese government unveils 2013 intellectual property plan
Chinadaily USA
An interdepartmental agency comprising 28 Chinese government organizations recently released its annual intellectual property plan of action. Composed of 84 detailed measures, the plan is intended to fulfill eight major tasks, including intellectual property creation, protection, utilization, management and awareness promotion. Last year, the agency issued 90 measures. Despite having fewer items, this year's plan has more clearly defined targets regarding the agency's next steps, said Huang Qing, director of the protection and coordination department at the State Intellectual Property Office.
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