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Oct 25, 2022

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.


Only 2 ½ more weeks until the RIMS ERM Conference 2022! In this episode, Justin Smulison is joined by Chicago RIMS President Carnell Jones and return guest (and friend of the show), Nir Kossovsky of Steel City Re!


Carnell and Nir are two of the three speakers who will be delivering the general session titled, “Mitigating the Hazards of ESG-Linked ERM Risk,” at the RIMS ERM Conference on November 11th at 11:30 am. This session will explore the value proposition of how to manage ERM to mitigate ESG-linked reputation risk strategically. It will focus on the cultural aspects of rounding up the collaborators from legal and communications using the transparency of captives as a metric for tracking value creation and more. The session is then capped off with how to engineer the solution.


In this episode, Carnell and Nir share a preview of their general session and have a fascinating discussion about the overall state of ERM and reputation. Be sure to tune in!


Key Takeaways:

[:01] About the RIMS Membership.

[:14] About today’s episode and how to save $400 on the Pre-Conference Workshop for RIMS-CRMP Prep!

[:42] About RIMScast.

[:55] About today’s episode with Nir Kossovsky and Carnell Jones!

[1:18] All about the RIMS ERM Conference 2022 and how to take advantage of the special advance group rate.

[2:00] Upcoming RIMS webinars, workshops, events, and more!

[2:50] More about today’s episode’s guests Nir Kossovsky and Carnell Jones.

[4:05] Justin welcomes Nir and Carnell to RIMScast!

[4:50] Carnell Jones shares his thoughts on how the meaning of organizational “culture” has changed over time.

[6:00] Nir defines organizational culture and his views on how it has changed over time.

[6:35] Do Nir and Carnell feel that a company that can stay out of the news for negative reasons is considered to have a positive reputation?

[8:39] How much of having a positive reputation is crisis communication versus putting controls in place? Or is it all part of the same puzzle?

[9:52] RIMS plug time! All about upcoming awards and nominations, virtual workshops, and more!

[11:33] Is ESG becoming more mainstream a good thing for the risk profession?

[14:26] Nir and Carnell give a preview of their upcoming general session titled, “Mitigating the Hazards of ESG-Linked ERM Risk,” at the 2022 ERM Conference.

[16:15] About the third presenter that will be joining Nir and Carnell for the general session.

[16:29] Carnell shares how 2022 has been for the RIMS Chicago Chapter.

[17:40] Carnell plugs some upcoming events that the RIMS Chicago Chapter has coming up and where to learn more about the Chapter.

[19:10] Justin thanks Nir Kossovsky and Carnell Jones for joining the podcast and shares some of the links to check in today’s show notes!


Mentioned in this Episode:

RIMS ERM Conference 2022 — November 1011, 2022 | Indianapolis, IN — Agenda Now Live! (Special registration discount for RIMScast listeners! Enter Code: RIMSCAST2022 on the “Payment” page — Note: Only for new registrations)

Save $400 on the Pre-Conference Workshop: RIMS-CRMP Prep

Attend the in-person RIMS-CRMP Exam Prep Workshop, November 89. Register for the ERM Conference and select the workshop on the “Additional Purchase Options” page. Your $400 savings will already be applied. Learn more!

The RIMS Strategic & Enterprise Risk Center

RIMS Risk Maturity Model

Chicago RIMS

RIMS Events, Education, and Services:

RIMS Events App Apple | Google Play


RIMS Buyers Guide

Contribute to RIMS Risk Management magazine

Dan Kugler Risk Manager on Campus Grant

Sponsor RIMScast: Contact or for more information.

Virtual Workshops:

Managing Worker Compensation, Employer’s Liability and Employment Practices in the US — Nov. 15‒16 | 12:00 pm‒7:30 pm EST | Registration closes Nov. 14 — Enroll Today! 

Leveraging Data and Analytics for Continuous Risk Management | Dec 1 | 10:00 am
2:00 pm ET | Registration Closes November 30 Save 30% on this workshop! Use discount code: DATA2022

Applying and Integrating ERM — Dec 6‒7 | 9:00 am‒3:00 pm EST Registration Closes Dec 5th — Register Now!

See the full calendar of RIMS Virtual Workshops

Related RIMScast Episodes:

“Strategizing with Mark A. Pfister, RIMS ERM Conference Keynote” (2022)

“A Glimpse of the ‘The Reputation Premium’ with Nir Kossovsky” (2021)

“The Power of Storytelling in ERM with Dr. Karen Hardy” (2022)

“ERM, ESG, and More Acronyms with Jana Utter”

“ERM and Employment Trends with Terry Lampropoulos”

“Rethinking the Impact of Disruption on ERM Tools and Processes with Ward Ching and Dr. Paul Walker”

“Responsible Raw Materials, Mining, and ESG with Sarah Gordon of Satarla”

“Path to the Boardroom: Resolver CEO Will Anderson’s Journey”

“ESG and the Board with Luke Jacobs of Encamp”

Sponsored RIMScast Episodes:

“Aon’s 2022 Atlantic Hurricane Season Overview” (NEW)

“ESG Through the Risk Lens” | Sponsored by Riskonnect

“A Look at the Cyber Insurance Market” | Sponsored by AXA XL

“How to Reduce Lithium-Ion Battery Fire Risks” | Sponsored by TÜV SÜD

“Managing Global Geopolitical Risk in 2022 and Beyond” | Sponsored by AXA XL

Keeping Subcontractors Safe Through Partner Elevation” | Sponsored by Highwire

“ESG: A Responsibility and a Growing Megatrend” | Sponsored by Prudent Insurance Brokers Ltd.

“Prioritizing People: Focusing on Your Team to Deliver Exceptional Quality and Service to Your Clients” | Sponsored by Gallagher Bassett

“Bermuda Opportunities in 2022 with BDA Chair Stephen Weinstein” | Sponsored by Bermuda Business Development Agency

“SyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy” | Sponsored by Prudent Insurance Brokers Ltd.

“RIMScast: Navigating the Risk Landscape in 2022” | Sponsored by AXA XL

“RIMScast: Prioritizing People: Expertise and Innovation” | Sponsored by Gallagher Bassett

“RIMScast: Risk Findings for the Industrial & Manufacturing Industry” | Sponsored by Aon

“RIMScast: Establishing the Right Assurance to Request From Business Partners” | Sponsored by HITRUST

“RIMScast: Aon’s 2021 Retail Industry Overview” | Sponsored by Aon

“RIMScast: 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

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 Virtual Workshops

Upcoming RIMS Webinars

On-Demand Webinars

RIMS Advisory Services — Ask a Peer

Risk Management Magazine

Risk Management Monitor

RIMS Coronavirus Information Center

RIMS Risk Leaders Series

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories — New interview featuring RIMS-CRMP Chairman Ward Ching!

Spencer Educational Foundation

RIMS DEI Council

RIMS Path to the Boardroom


Want to Learn More?

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Join the Conversation!

Follow @RIMSorg on Facebook, Twitter, and LinkedIn.


Follow up with Our Guests:

Nir Kossovsky’s LinkedIn

Carnell Jones’ LinkedIn


Tweetables (For Social Media Use):


“I do believe the conversation [around organizational “culture”] is that much more broad across organizations. They want to have a similar place that they’re starting from.” Carnell Jones


“We define ‘culture’ as the combination of ideas, beliefs, and practices. … The ideas of what constitutes culture … have … transformed … from a view of what is relevant to an organization internally, to a practice … consistent with … its place in society.” — Nir Kossovsky


“An organization that is held in high esteem by its many stakeholders … that runs across an adverse event … in the ESG space … can avoid adverse publicity if its reputation is such that its stakeholders forgive it on the first pass.” Nir Kossovsky


“[Bringing ESG to the mainstream is] a good conversation. [Having] the peer pressure of your competitors using their ESG as a competitive advantage gives companies motivation to strengthen their practices if they already have them or put them in place.” Carnell Jones