Dec 28, 2021
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
With 2021 coming to a close, Justin Smulison is once again joined by the RIMS Director of Publications and Risk Management Magazine’s Editor-in-Chief, Morgan O’Rourke. Together, they discuss this year’s edition of Risk Management Magazine’s “Year in Risk.”
Morgan highlights key articles in the 2021 “Year in Risk” RM Magazine, discusses 2021’s risk timeline, some of the unexpected positives from 2021, key points on innovation, and insight into how Morgan chose which events to feature in this year’s recap.
For more information or to get your copy (available both digitally and in print), follow along at RMMagazine.com.
Key Takeaways:
[:01] Do you want to reach risk professionals around the world? Here’s how to sponsor RIMScast.
[:24] About RIMS’ Global Membership and RIMScast.
[:36] About today’s episode.
[:44] Upcoming RIMS current virtual offerings.
[1:28] About the upcoming two-day virtual event: 2022 RIMS RiskTech Forum.
[2:07] More about today’s episode with RIMS Publications Director Morgan O’ Rourke.
[2:38] Justin welcomes Morgan O’Rourke back to RIMScast!
[3:16] Morgan shares about the RIMS Mobile App and what it took, behind-the-scenes, to launch it.
[7:05] Where to get your hands on the latest Risk Management Magazine’s “Year in Risk” 2021 edition.
[8:00] Morgan discusses vaccine mandates in NYC for private companies and what risk management professionals need to take away from this information.
[9:54] About the “Optimizing Politically-Exposed Persons Screening” article and why it is so critical to read.
[11:59] Key points on innovation from the articles within the “Year in Risk” 2021 edition.
[14:44] The timeline of creating the “Year in Risk” 2021.
[16:04] Morgan shares the struggles of having to choose which events and people to highlight within the “Year in Risk.”
[19:52] With businesses looking to expand their risk team(s) in order to handle the breadth of current-world calamities, is there an opportunity for risk managers more than ever before?
[21:04] Morgan highlights some of the positives from the past year.
[22:14] About the RIMS Mobile App, the RIMS Buyers Guide, and the RIMS 2022 RISKWORLD.
[24:11] Morgan shares how he deals with isolation professionally as a Publications Director, as well as personally.
[28:07] Morgan shares his excitement for the upcoming 2022 RISKWORLD event.
[30:17] Justin and Morgan talk stage fright, overcoming nerves, and presenting in front of others.
[34:55] As Morgan looks to 2022, what does he think the global risk management community should be thinking about?
[37:21] Justin thanks Morgan O’ Rourke for joining RIMScast once again and shares some of the links to look out for in this episode’s show notes!
Mentioned in this Episode:
RIMS Events, Education, and Services:
TechRisk/RiskTech | RIMS Virtual Event Jan. 26‒27, 2022 — Register Today!
RIMS 2022 RISKWORLD | April 10‒13 in San Francisco! — Register now for advance rate pricing!
NEW FOR MEMBERS! RIMS Mobile App
Sponsored RIMScast Episodes:
“Establishing the Right Assurance to Request From Business Partners” | Sponsored by HITRUST
“Aon’s 2021 Retail Industry Overview” | Sponsored by Aon
“A Legacy of Resilience” | Sponsored by J.B. Boda Group
“The Golden Era of Insurance” | Sponsored by The Hartford
“Insurance Investigation Trends Happening Now” | Sponsored by Travelers
“What Could a CRO Do for Your Business?” | Sponsored by Riskonnect
“Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL
“Property Valuation Deep Dive” | Sponsored by TÜV SÜD
“Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: “Climate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan” | Sponsored by Prudent Insurance Brokers Ltd.
Webinars:
Jan. 20, 2022 | “The CISO’s Role in Driving Trust: Why it Matters, How to Define it, and What Success Looks Like” | Sponsored by OneTrust
Feb. 3, 2022 | “Are You Prepared for the Changing Environmental Risk Landscape?” | Sponsored by Beazley
Virtual Workshops:
RIMS-CRMP Exam Prep (Date: January 11‒12, 2022) Start your RIMS-CRMP journey today at this interactive virtual prep workshop. You will learn about the exam domains, prepare with case studies and hands-on exercises, and tackle sample exam questions — Register here!
Attend the RIMS-CRMP-FED Exam Prep Virtual Workshop presented with George Mason University, February 15‒17, 2022 — Register by Jan. 17 to save $200!
Risk Appetite Management: This senior-level, virtual workshop teaches you how to navigate the complex and critical area of risk appetite management and how to develop a risk appetite framework that clarifies your company’s position on risk-taking. January 18-19, 2022 — Register by Jan. 17!
More About Major Risk Management Topics on RIMScast:
“2020 in Review with Risk Management Magazine Editor-in-Chief, Morgan O’Rourke”
“Climate Change, Business Interruption, and the 2021 Hurricane Season”
“RIMS 2021 Risk Manager of the Year: Michael Harrington”
Recent Risk Management Magazine coverage of Shipping and Supply Chain Risk:
“Shipping Risks Strain Global Supply Chains”
“Managing Supply Chain Disruption”
“Managing Supply Chain Legal Risks”
“Going Lo-Fi At Sea To Reduce Cyberrisk”
RIMS Publications, Content, and Links:
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services — Ask a Peer
RIMS Coronavirus Information Center
RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year Michael Harrington!
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories — New interview featuring RIMS Treasurer Jennifer Santiago!
Spencer Educational Foundation
Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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Follow up with Our Guest:
Tweetables (For Social Media Use):
“[Vaccine mandates in other areas is] one of those things that I think risk managers will do well to … pay attention to because you don’t know if it’s going to impact your specific operation at some point. And these days, everybody’s got operations all over.” — Morgan O’Rourke
“The flip side of the coin on a lot of the bad stuff that happens is that it makes us more resilient if we handle it, react to it, and are aware of it.” — Morgan O’Rourke
“Trying to stay in communication with everyone is the best way to … head off that isolation effect. It’s not going to be 100% perfect … but … trying to communicate — even if it’s not your style or comfort zone — … [is the most important thing]. ” — Morgan O’Rourke
“I think a lot of the things we need to look at when we’re looking at risks are going to be not just the event, but … the broader impact of the event.” — Morgan O’Rourke