Insurance and Risk Management Director is the highest insurance and risk management position in the organization, with authority to make decisions on major risk management issues affecting the organization. Accountable for achieving strategic objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key risk stakeholders. Being an Insurance and Risk Management Director this person typically owns the process of identifying, measuring and managing insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help optimize operations. Requires a bachelor's degree. Additionally, Insurance and Risk Management Director demonstrates expertise in a variety of the field's concepts, practices, and procedures. Typically reports to top management. The Insurance and Risk Management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be an Insurance and Risk Management Director typically requires 5+ years of managerial experience. (Copyright 2020 Salary.com)
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