Fashionistas exist not only on the Paris runways and in thepages of Vogue; even risk management has its fashionistas. Forexample, it is fashionable to say that risk managers who are“merely” insurance buyers will quickly become professionaldinosaurs. Maybe so.
In the real world, however, not every risk manager spends hisspare time setting up captives or dabbling in enterprise riskmanagement. (Enterprise risk management sounds like something thatmight be practiced on Star Trek. CPCU exam question: If crewmembers tease Dr. Spock about his pointy ears, is Captain Kirkliable under his employment practice liability policy?)
Despite the fashion commentary, the truth remains that crunchtime for many risk managers is renewal time. This is a big reasonwhy they were hired. It is the time to prove their worth and earntheir pay.
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