Mentoring Millennials Is Key, RIMS 2018, and Other Top News Tidbits

Mentoring Millennials Is Key

by Neil Lentine, President of Broadspire USA.


As a Baby Boomer, it has been an interesting process learning to interact with millennials who are just getting started in their careers.


I’ve had to keep in mind that the millennials have been shaped by social networks, where everyone is perceived to be on equal footing and immediate feedback is constantly sought. Growing up in the dawn of the digital age, their view of the world is, in many ways different than my own, so learning where they’re coming from is important to help guide them in a direction where they can be successful.



Rapid Advances In Technology Outpacing Risk Management: Marsh/Rims

Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a new report published today by Marsh, a global leader in insurance broking and innovative risk management solutions, and RIMS, the risk management society™.


The 15th Annual Excellence in Risk Management report delves into risk professionals’ knowledge of and role in managing technology innovation such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT). According to the findings, 59% of respondents said their organizations are currently using or exploring the use of IoT systems; 47% are using or exploring the use of AI; and 24% are using or exploring the use of blockchain. Despite the growth, only 14% said they strongly believe they have a clear process in place for addressing disruptive technology risks. Nearly half could not say there was a clear process at all.



Force Behind Industry’s First Cost of Risk Survey Berry Griffin, Jr. Inducted into The Risk Management Hall Of Fame

RIMS, the risk management society™, and American International Group, Inc. (AIG) today announced Berry Griffin, Jr. as the 2018 inductee into the Risk Management Hall of Fame (RMHF).  The RMHF serves as a means to maintain the history of the field of risk management and recognizes risk practitioners who have made significant contributions to advancing the discipline. Mr. Griffin was officially inducted at RIMS 2018 Annual Conference & Exhibition in San Antonio.



RIMS 2018 Awards & Honors

RIMS, the risk management society™, today announced the winners of its series of industry awards presented during RIMS 2018 Annual Conference & Exhibition Awards Luncheon in San Antonio.


RIMS’ most prestigious honor, the Harry and Dorothy Goodell Award, was presented to Ward Ching, Managing Director, Western Region at Aon Global Risk Consulting. Named in honor of RIMS’ first president, the award pays tribute to an individual who has furthered the goals of the Society and the risk management discipline through outstanding service and achievement.



University of Wisconsin-Madison Wins 2018 Spencer-RIMS Risk Management Challenge

At the Spencer Educational Foundation reception, case-study provider Andrew Bent, risk manager at Sage Group plc announced University of Wisconsin-Madison (UWM) student team as the winners of the 2018 Spencer-RIMS Risk Management Challenge. The team, comprised of four risk management students, competed against 26 other universities and delivered the award-winning risk management presentation in front industry leaders at RIMS 2018 Annual Conference & Exhibition in San Antonio.



Michael Stack - AmaxxAuthor Michael Stack, CEO Amaxx LLC. He is an expert in workers’ compensation cost containment systems and helps employers reduce their workers’ comp costs by 20% to 50%.  He works as a consultant to large and mid-market clients, is a co-author of Your Ultimate Guide To Mastering Workers Comp Costs, a comprehensive step-by-step manual of cost containment strategies based on hands-on field experience, and is founder & lead trainer of Amaxx Workers’ Comp Training Center .



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