The “tyranny of the urgent”. We face it every day as risk and claim managers with a barrage of social media, headlines, email and texts. Almost 50 years ago, Charles E. Hummel chronicled this phenomenon in daily life. He could never have imagined then how much more chaos is being created today by digital communication.
Most Third Party Administrators (TPAs) profess to understand their clients’ needs and challenges to provide the lowest possible costs associated with casualty, health and disability claims in an Enterprise Risk Management (ERM) environment.
On July 28, 2016, the Chief Financial Officers Council (CFOC) and the Performance Improvement Council (PIC) released a document entitled Playbook: Enterprise Risk Management (ERM) for the U.S. Federal Government. The document is designed to provide key concepts for a comprehensive and effective ERM program to meet the requirements of the revised OMB Circular A -123.