Employee benefits: what is the risk manager's role?(Risk Management)

Claims, August, 2004 by Quinley, Kevin

Top-flight risk managers are not one-trick ponies. Historically, they have confined themselves to property and casualty risks. They did not touch areas like accident and health benefits, life insurance, sort and long-term disability, or employee assistance programs.

That may be changing, though. The current trend is to bring risk managers into the realm of employee benefits, as well. An increasing number of observers believe that risk managers can add substantive value to the employee benefit side of the house. Let's look at some ways that risk managers can leverage their skills to improve a company's administration of employee benefits.

Many believe that the risk management department is better suited to handling funding issues. For this reason, Lyle...

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