For risk managers to keep their jobs in this difficult economy, they must remain “highly visible” by making sure their senior management and board members appreciate the bottom-line savings that loss control, safety programs and alternative risk-transfer efforts produce.
That's the advice that was offered in Boston last week at the Risk and Insurance Management Society's annual conference by Bill Perry, president of Logic Associates, who partnered once again with NU to produce a survey checking out risk manager compensation, duties, job satisfaction and other key factors. (To read more about the survey results, click http://bit.ly/aPrRCd and http://bit.ly/9dmPhk.)
“Risk managers need to stand up and take credit for all they are doing by quantifying their bottom-line contributions,” said Mr. Perry, in analyzing the results of the “2010 Risk Management Compensation Survey." “Hard numbers that put risk management in a very positive light will give companies pause before cutting into their departments.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
