Developing a strategy for career success in risk management has been on one hand, everyone’s goals and on the other, less than clear to many just how to maximize the chance of accomplishing your personal vision. Based on the August 2014 IRMI Risk Report by the same name, this session will present ten critical elements to charting a successful career in risk management and especially helpful to leadership development at the highest levels. Written by Chris Mandel, the 2004 Risk Manager of the Year and former RIMS president, this session will provide the basis for understanding key things to do and not do in order to achieve long term career goals in risk management.
A small percentage of workers’ compensation claims drive a majority of costs. A closer examination reveals that claim complexity is often driven by a few common factors that contribute to a deteriorating situation or difficult conditions. Eliminating or mitigating these factors demands a very different approach than handling more traditional claims. Individual injuries and claim circumstances can vary widely. When facing cases with a high potential for escalating, there are proactive measures that employers should consider. First, understand a person’s individual circumstances and identify any potential barriers to recovery. Holistic health solutions aimed at achieving physical, mental, and emotional well-being can facilitate healing and return to normalcy. Further, litigation can prolong claim durations, increase costs, and impact permanent impairment issues. To avoid and mitigate litigation, it is important to Identify and engage the proper resources and experts at the onset of injury. Additionally, prescription drugs should be monitored so as not to create unintended consequences or addiction. This session will look at some of the contributing factors to complex claims and use real life illustrations and solutions for managing these situations.
Individuals are unique and each views the world through a different lens. Their background and life experiences shape their views and values. Certainly, this holds true for the various generations that comprise today’s workforce. And, this is not a characteristic that a risk manager can afford to overlook. Baby boomers, generation Xers, and millennials all approach the workplace differently and bring with them an array of unique risk management and insurance considerations. This is true in pre-loss matters that impact workforce hiring and training practices as well as post-loss issues that impact recovery and claim handling. For example, the way members of each generation learn and communicate is different. Their views toward health, wellness and recovery are different. And, their overall attitudes toward work and their employer can vary widely. Risk managers must be prepared to meet members of each generation on their own terms to maximize their productivity and value at the workplace. This session will illustrate this realistic viewpoint by having members of multiple generations react to various risk management and insurance scenarios through role play. LOL