The role of a COI Risk Manager is to aid in developing, guiding, and enforcing strategies to identify, assess, and manage conflicts of interest (COI) risks.

The 5 key elements of risk management are identification, assessment, treatment, monitoring and reviewing, and consultation and communication.

Third-party risk management (TPRM) is the process of identifying, assessing, mitigating, and monitoring the risks posed by third parties

Third-party risk management is all about identifying, assessing, and reducing the risks that your business faces when working with partners and external vendors.

Every January, the insurance compliance world goes through a massive shakeup because so many annual insurance policies renew on January 1st. That means a pile of work for insurance agents, who issue the policies; for insurance buyers, who pay for the policies; and for insurance compliance specialists, who have to make sure the new policies […]

Last year delivered several landmark decisions in the world of risk management. To keep you up to date, we’ve created a two-part series of important cases that could affect your risk mitigation plans. Loss prevention sometimes is a moving target. Knowing what is happening inside the courtroom provides a valuable strategy for staying ahead of changes […]

Policies and certificates of insurance (or COIs) are two fundamental concepts in the insurance world. In this blog, we’ll discuss the critical differences between the two, as well as a few best practices for dealing with them. What Is The Definition Of A Policy And Certificate Of Insurance?  Let’s start with the basics by explaining […]

INDIANAPOLIS, April 28, 2022 – myCOI, the industry leader in certificate of insurance (COI) management software, is the winner of the TechPoint Mira Award for Exceptional Employer. TechPoint, the nonprofit, industry-led growth accelerator for Indiana’s tech ecosystem, selected myCOI as one of 16 award winners among 125 total nominees. According to TechPoint, the Exceptional Employer Award seeks to recognize “tech companies doing an […]

When it comes to risk management, artificial intelligence (AI) is quickly becoming a game-changer. By automating repetitive tasks and analyzing data more efficiently, AI is helping insurance professionals and risk managers free up time to focus on more strategic initiatives. Understanding What AI Is Artificial intelligence (AI) technologies are computer systems designed to simulate human […]

If you’re in construction, you’ve probably managed your fair share of certificates of insurance (COIs). COIs should be required from every party working or stepping on a construction site. The incredibly high level of inherent risk on a construction site means they are one of the most critical pieces of information construction managers and general contractors can […]