"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.
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