Selling the boss on a risk management information system
Article Abstract:
A risk management information system (RMIS) related to controlling insurance expenses and insurance program costs has four functions: financial analysis, loss control analysis, claims management, and administrative functions. The selection of an RMIS should be based on a needs analysis of insurance management procedures and on the cost of the system. The advent of the microcomputer has made RMIS more cost-effective for middle-market companies. When cost-justifying the purchase of an RMIS for higher levels of management, each desired function within the system should be listed, briefly described, and associated with related costs, along with estimates of the economic benefit to be derived.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
Crackdown on pyramid selling
Article Abstract:
The UK's Department of Trade and Industry has produced a new guide to help potential investors avoid being duped by pyramid selling schemes. The publication contains information on how pyramid-selling schemes work and describes the various categories they may come under, including network marketing, home-working, direct-selling schemes and multi-level marketing. Not all pyramid-selling trading schemes are illegal, but the classic types of money circulation schemes are against the law.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Discussion of total quality management and the choice of information and reward systems. Too busy to mind the business? Monitoring by directors with multiple board appointments
- Abstracts: Business without boundaries: collaboration across organizations. Tools and dialogue set the stage for talent management at Johns Manville
- Abstracts: Singapore - Asia's regional financial centre? Asian infrastructure and project finance. Mining and infrastructure in Asia
- Abstracts: Choice of time-headway in car-following and the role of time-to-collision information in braking. Information Campaign of the French Government
- Abstracts: Marketing associations have forsaken members. Foreign direct investment: Survey of Implementation of Methodological Standards