By Carrie Burns Can certain technologies hurt or help business processes, and is technology worth the investment right now? These are questions insurers ask themselves. Such is the case with enterprise risk management (ERM). The turmoil in the financial industry has brought a greater awareness of ERM and the technologies that risk practitioners use to implement ERM programs, according to the Risk and Insurance Management Society (RIMS) report, Enterprise Risk Management Technology Solutions.
The report is based on results from two surveysone to ERM practitioners, and one to system providersand is intended to provide insight to risk practitioners at the beginning and intermediate stages of adopting ERM.
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