Dec 27, 2022
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
RIMS’s flagship publication, Risk Management Magazine, just released its 2022 edition of its Year in Risk! Joining Justin Smulison today to take a look back on 2022 are the RIMS publication team leaders, Morgan O’Rourke and Hilary Tuttle.
Responsible for the editorial direction of this award-winning publication, Morgan and Hilary discuss the process that went behind the “Year in Risk” issue, highlight the risk trends that have stood out to them, and the 2022 standout stories in cyber and ransomware. They discuss the trends they think are likely to permeate into 2023 and what they specifically look for when it comes to article submissions for Risk Management Magazine.
Key Takeaways:
[:01] About the RIMS Membership.
[:14] Registration for RISKWORLD 2023 is now open!
[:34] About RIMScast.
[:46] About today’s episode.
[:57] All about upcoming RIMS webinars, workshops, events, and more!
[2:08] Justin revisits an interview with Fred Karlinksy on his upcoming webinar and how cyber and risk management trends overlapped in 2022.
[10:09] Justin thanks Fred for joining RIMScast and shares where to find Fred’s Jan. 5th webinar.
[10:39] Justin introduces and welcomes Morgan O’Rourke and Hilary Tuttle to RIMScast!
[11:26] Hilary and Morgan share about their roles at RIMS and the responsibilities that they oversee.
[13:16] Hilary speaks on the topics that they cover in Risk Management Magazine.
[13:43] Has Hilary always had a particular interest in cyber risk? What kickstarted this particular interest?
[14:27] Hilary’s experiences at various conventions that address risk.
[15:24] How Hilary finds the balance in addressing cyber risk and finding the risk management angle to ensure that the information published is actionable and applicable for risk managers.
[16:46] Standout cyber and ransomware stories from 2022.
[19:10] Are there companies (or agencies) that are adequately prepared for ransomware attacks that other organizations should emulate?
[20:37] The timeframe and process that went into the creation of The Year in Risk issue.
[21:51] Hilary and Morgan explain the criteria they used to determine what to include (and disclude) in “Year in Risk.”
[25:47] Comparing risk trends from the beginning of their careers vs. 2022.
[28:02] About the recent ASBPE awards Morgan and Hilary have been awarded.
[29:41] What do Morgan and Hilary look for in regard to submissions for RMM?
[31:48] Justin thanks Morgan and Hilary for joining the podcast and shares some links to check in today’s show notes.
Mentioned in this Episode:
RISKWORLD 2023 — April 30‒May 3 in Atlanta, Georgia! Public registration is now open!
Risk Management Magazine — Year In Risk 2022
Contribute to Risk Management Magazine
American Society of Business Publication Editors (ASBPE)
RIMS Events, Education, and Services:
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Dan Kugler Risk Manager on Campus Grant
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Related RIMScast Episodes:
“Live from the RIMS ERM Conference 2022”
“Travel Risk Management for the 2022 Holidays with Dr. Adrian Hyzler”
“2022 Midyear Risk Review with RIMS Publications Director Morgan O’Rourke”
“Introducing RIMS CEO Gary LaBranche”
“Emerging Risks and Board Reporting with Suzanne Christensen”
Upcoming Webinars:
RIMS External Affairs Presents: “How Cyber Insurance is Shaping the Insurance Industry” | Jan. 5, 2023
“Recertification: Keep Your RIMS-CRMP Active” | Complimentary to All | Jan. 9, 2023
“What to Expect from Cyber Insurance in 2023 and Beyond” | Sponsored by Telos | Jan. 24, 2023
“Demystifying Business Continuity for Risk Managers” | Sponsored by Riskonnect | Feb. 16, 2023
Virtual Workshops:
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Registration closes Jan. 9
Captives as an Alternate Risk Financing Technique | January 18‒19 | 10:00 am‒5:00 pm ET Registration closes Jan. 17
Fundamentals of Insurance | January 25‒26, 2023 | 9:00 am‒4:30 pm ET
Registration closes Jan. 24
See the full calendar of RIMS Virtual Workshops
Sponsored RIMScast Episodes:
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“Zurich’s Construction Sustainability Outlook for 2023”
“Aon’s 2022 Atlantic Hurricane Season Overview”
“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:
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RIMS-CRMP Stories — New interview featuring Merline Barrington of the Port Authority of NY & NJ!
Spencer Educational Foundation
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Follow up with Our Guests:
Tweetables (For Social Media Use):
“Working in risk management, the general theme has been: we write a lot about a lot — so pretty much any topic within the corporate and enterprise wheelhouse. But cyber has become a particular area of specialty and interest for me.” — Hilary Tuttle
“I think it’s really important to understand risks and what is emerging. I think it’s important to have a high-level perspective of what your organization is going to see and that you might need to answer questions about.” — Hilary Tuttle
“The amount that a risk manager can do is sometimes kind of limited. And so, trying to limit some of the coverage to what is actionable and what is relevant to the specific audience is really where we draw that line [with Risk Management Magazine].” — Hilary Tuttle
“As ERM concepts … start becoming
more standard, I think it expands both what risk managers have to
do and, in turn, what we have to cover [in Risk Management
Magazine.] Hilary used
the word ‘more,’ and I think ‘more’ really is the defining trait of
2022.” — Morgan O’Rourke