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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.

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Heather A. Turner

Heather A. Turner is the digital managing editor of NU PropertyCasualty360.com.

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