Article ID: 0536d55cf52cc59b8b9fac165d0630d604799e318167fe8097cf855afa4ceed2
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/risk-reporting-must-be-clear-understood-by-all-stakeholders-rims/
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Risk reporting must be clear, understood by all stakeholders: RIMS - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk reporting must be clear, understood by all stakeholders: RIMS by Matthew Lerner Risk Management Apr 6, 2026 Risk managers and risk professionals should establish clear expectations with their respective boards for risk reporting. The reporting can go beyond standard written information and can include demonstrative and participatory exercises, according to a report Monday from the Risk & Insurance Management Society. Details on the structure of reporting – the schedule or frequency for example, or whether the entire board or only a portion will be briefed – should be clear and understood by all stakeholders. The depth and content of reporting should also be clearly defined, such as whether the board prefers high-level outlines or detailed information. Stakeholders should also establish an “inventory” for reporting so all are aware of what will be included and what will not. Risk scenario workshops and tabletop exercises are among the tools risk professionals can use to help further identify and communicate information to necessary executives, the report said. In general, executive leaders appear to want more information from their risk professionals, according to survey results in the report. “RIMS surveyed risk professionals from a diverse range of organizations varying in size, structure and ERM maturity,” the report said, without giving further details. The results showed that 53% of boards requested more information, 73% sought deeper analysis on specific risks or topics and 55% of boards actively provided feedback or direction during reporting. Related News Court affirms disability benefits after plant closure April 6, 2026 House passes fee schedule, advisory council repeal bill April 6, 2026 Injury prevention technology reduces strain: safety study April 6, 2026 Old Republic forms property insurer, names executive April 6, 2026 U.S. doubles Strait of Hormuz insurance program to $40B April 6, 2026 Marine reinsurance remains soft despite war: Gallagher Re April 6, 2026 Insurers turn to hedge funds to help cover data center risks April 6, 2026 Asia, India reinsurance rates fall over 20% at Apr. 1 renewals: Guy Carpenters April 6, 2026 Saudi Arabia’s insurance profits fall 36% April 6, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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