The pandemic has forced organizations to adapt and even to abide by a new playbook when it comes to risk management. Appian’s Jay Cherrie discusses what businesses can do to recalibrate their management of risk now with ease and speed.
We do so many things differently today versus a year ago: How we work, how we shop, how we get groceries, how we will inevitably vote. All this change is a nightmare for actuaries. Decades of experience assessing risks based on known behavior has gone out the window, requiring them to radically rethink how they assess risk.