Risk Management: Brick by Brick cover image

Risk Management: Brick by Brick

Risk Management Expert: Enhancing COI Reviews, Addressing Risk in Inexperience & Modernizing Insurance Practices

Sep 18, 2024
In this engaging conversation, Anne Grubish, a risk manager with over 30 years of experience, shares her insights on navigating the complexities of Certificates of Insurance (COIs) in the construction industry. She highlights the perils of inexperienced risk managers and the critical importance of ongoing compliance checks. The discussion also touches on the evolution of technology in risk management, emphasizing the need for human oversight amidst AI advancements. Anne’s expertise illuminates the balance between effective risk management practices and the importance of collaboration across departments.
24:18

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The transition from diverse roles within the financial and insurance sectors equips risk managers with the necessary skills for effective risk strategies.
  • Integrating technology into risk management enhances efficiency in COI tracking while still requiring expert human judgment for informed decision-making.

Deep dives

The Path to Risk Management

A journey into risk management often begins with diverse career experiences, as highlighted by the guest's transition from banking to insurance and eventually to risk management within the construction sector. This pathway involved starting as an insurance compliance coordinator and advancing through roles that emphasized not only compliance but the deep involvement in managing subcontractors' insurance. The skills garnered from roles such as underwriting and insurance agent equipped the individual with a comprehensive understanding of both the technical and practical aspects of risk. This evolution underscores the multifaceted nature of risk management careers, showcasing how varied experiences can culminate in effective risk strategies.

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