Risk managers whose organizations have been through a near economic collapse and have seen their colleagues lose their jobs have to become more resilient and adaptable, and while a soft commercial insurance market might be making their jobs easier these days, they must keep using tools such as captives to better manage the cost of risk long-term, experts observe.
Not all in the profession have survived in this difficult economy, noted Terry Fleming, president of the Risk and Insurance Management Society.
Indeed, because of the financial crisis, he said, 
“more and more risk managers are losing their jobs and seeing staff lose their jobs. They are trying to do as much work if not more with fewer resources.”
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