Fundamentals of Enterprise Risk Management

PART TWO              

ERM TECHNOLOGY

IN APRIL 2007, Bob Morrell came up to the author at a reception during the annual conference of the Risk and Insurance Management Society (RIMS). He had been reading the “Emerging Risk Strategies” column in Business Insurance magazine and was interested in the new paradigm for ERM that was unfolding. He asked the author if we could build the ERM knowledge warehouse that was so prominent in the discussions of a new ERM framework.

For the next year, we worked together—Bob and his people had incredible computer and Internet skills accompanied by a keen understanding of risk. My role was to represent the risk manager—the ...