Three major risks plus one insurance trend are on the menu at RIMS 2018 in San Antonio, according to Susan Hiteshew, an insurance buyer on the board of directors at The Risk and Insurance Management Society (RIMS).
These four hot topics include: the fast-evolving cyber risk landscape; business interruption related to recent extreme weather as well as cyber events; brand reputation and how firms respond to crises; and the rise of parametric insurance products.
Hiteshew (pictured) is senior director of insurance for the Americas at hotel group Marriott International, in addition to her involvement with RIMS.
She joined Marriott just earlier this month after more than six years at US sportswear retailer Under Armour.
She started her career at insurer Travelers, and in 2011 joined Under Armour as senior manager for global insurance and risk financing, before her latest move to Marriott.
Speaking to StrategicRISK live at RIMS 2018 in Texas, Hiteshew highlighted the importance of a strong enterprise risk management (ERM) approach to risk transfer.
“You can’t do the insurance role well unless you have an ERM focus,” she said.
She noted that ERM lends insurance buying a more…
