Proper Education Essential For Agent, Brokers Taking On Risk Manager Roles

More and more, agents and brokers are taking on the role of risk management consultant for their clients, which they say is a natural extension of their jobs. Understandably, however, one full-time risk manager isnt ready to whole-heartedly embrace the trend.

Christopher Mandel, chief risk officer and immediate past president of the Risk and Insurance Management Society in New York, agrees that many more agents and brokers are now offering risk management services. And though the need is there, the risk management role for agents and brokers presents an "interesting contradiction," he said.