Miscellaneous
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society. In today’s episode, Justin Smulison is welcoming on special guest, David Mocklow, to discuss captives and risk transfer methods in the first of a two-part interview! David is the Head of Corporate Development at Gramercy Risk Management, a claims management group. Over his 25-year career, he has developed a unique set of skills and expertise in the global financial services market with an emphasis on the insurance market. In this first part, David discusses alternative tools for managing business interruption concerns as well as the importance of captives. He shares what he currently sees as the insurance carriers’ current response to business interruption and other losses, whether or not RIMS members should be relying on insurance from the government or the traditional providers for all of their BI protection, key lessons we can all learn from both the COVID-19 pandemic and the reaction of the insurance market place to losses, and more! David has got a ton of great insight and anecdotes for RIMScast listeners today, so be sure to tune in! Key Takeaways: [:00] About the RIMS Membership. [:51] About today’s episode! [1:00] About RIMS’ newest available webinar and where to access RIMS on-demand webinars. [1:31] About the RIMS Coronavirus Information Center. [1:44] About today’s episode and guest, David Mocklow! [2:00] Justin welcomes back to RIMScast! [2:17] David sets the stage by sharing about his background in insurance. [6:56] David shares what he currently sees as the insurance carriers’ current response to business interruption and other losses. [10:02] Should RIMS members or the global RIMScast audience rely on insurance from the government or the traditional providers for all of their BI protection? [12:34] What are some lessons that David thinks RIMS members need to learn from the COVID-19 pandemic and the reaction of the insurance marketplace to losses? [18:21] Justin thanks David Mocklow for joining RIMScast and shares some of the important links to check out in today’s show notes! Mentioned in this Episode: RIMS July 16th Webinar — Sponsored by Resolver: Developing, Defining, and Quantifying Your Risk Appetite RIMScast Episode: “Dreams of Bermuda, Webinars, and Captives with Jasmine DeSilva” Upcoming RIMS Webinars On-Demand Webinars RIMS Advisory Services — Ask a Peer RIMS Coronavirus Information Center RIMS Advocacy: Coronavirus Advocacy Information RM Magazine Risk Management Monitor RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories RIMS Membership — Discover why 10,000 of your peers from more than 60 countries are a part of the RIMS community! Download any episode of RIMScast. Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org. Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn. Follow up with Our Guest: David Mocklow’s LinkedIn