How Risk Managers Can Adjust for the New Normal
Predictions on the Future of Risk Management
While you have settled into a temporary state of normal during the pandemic ─ adjusting to disrupted risk evaluations, revising mitigation plans, and embracing new forms of communication ─ you still need to plan how to adjust for the future normal in risk management.
We made a few predictions on what the ‘next normal’ will mean for risk management strategies based on learnings from this pandemic experience and our expectations of how the business community should react for better performance long-term.
We posed these predictions to two subject matter experts in risk management, Brian Hill, Senior Vice President at Cameron Mutual Insurance Company, and Rick Good, VP Enterprise Risk Management at Ceridian, to see whether their opinions align with our thinking.
We presume more than half of these predictions will pan out after many of us return to a new normal post-pandemic. We also anticipate a few surprises to come out of these predictions based on how the economy recovers and how businesses look to protect employees in more ways than one moving forward.