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Thirty-three percent of respondents in the "2020 RMIS Report" said their organization’s annual RMIS systems costs exceeded $100,000. (Photo: Shutterstock) Thirty-three percent of respondents in the “2020 RMIS Report” said their organization’s annual RMIS systems costs exceeded $100,000. (Photo: Shutterstock)

Risk management information systems (RMIS) have evolved in recent years to address more than just the basic monitoring and reporting of risks. Now, companies nationwide are using RMIS for a wide range of functions and are investing heavily in the technology to help drive efficiency and improve performance, says the new “2020 RMIS Report” from Redhand Advisors.

Redhand Advisors surveyed more than 800 executives in December 2019 and January 2020 for the report. Respondents include leaders from finance and insurance, manufacturing, transportation, health care, retail, education, and more.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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