When asked to share a professional passion, Randall responds without hesitation: “Getting to the truth,” “Solving difficult problems,” “Teaming with smart people,” and “Challenging the corporate status quo.” Randall joined Risk International in 2002 and oversees its risk management practice. He’s smart and serious when it comes to risk strategy, insurance program optimization, quantitative modeling, competitive and organizational dynamics, business continuity planning, and enterprise risk management (ERM). And he’s rock-solid when it comes to delivering value to clients, having achieved an average return on investment of more than 1200{111249dfb2edb68db27548ecfabf2a27d682665babcff81f2cc2378b8ef9926d} for them.
At the end of 2015, the Oxford English Dictionary released its list of words of the year. Although the actual winner was not even a word (it was an emoji), what got my attention was one of the runners up: “sharing economy.” Oxford defines the sharing economy as: “An economic system in which assets or...
Cyber Risk is Changing In the recent past, the traditional view of cyber liability was the exposure of an organization to liability arising from the negligent management of private data in its care. The traditional exposure here was mainly for retail, health care, or banking industries, and the costs associated with a cyber loss were...
As companies continue to seek technological solutions that allow them to conduct business quicker and more efficiently, cyber crime will continue to increase. There is simply no avoiding the risk of cyber crime in this day and age. Instead of reacting to incidents of cyber crime, organizations must take a proactive stance now to mitigate...
The commercial marketplace for property and casualty insurance has inherent structural conflicts, granting the true power to the suppliers (insurers, agents, and brokers), not the buyers. It’s first important to understand how the marketplace is organized, with insurers, agents, and brokers. Agents Don’t Work for You Insurance agents are just that—they are legal agents representing...
In our modern society, each of us is at an increased risk of becoming a victim of cyber crime. If you’re carrying a cell phone, surfing the Internet, using email and making purchases with a credit card, you are a target, in one form or another. Companies of all kinds are at risk for cyber...
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