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Blog Post


WHY RISK AND SAFETY MANAGERS NEED TO WORK TOGETHER

Suites:
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Risk Management Information Systems
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Sometimes risk and safety teams are within the same department – and risk
managers may even have responsibility for the safety programs at their
organization. But in other organizations, the teams are separate, meaning
communication and collaboration may be limited and siloed. In many cases, risk
management and safety teams use completely different technology systems or rely
on spreadsheets saved to individual desktops. With that comes risks for both
departments:  

 * Risk managers may not have visibility into how the safety program is
   impacting their total cost of risk (TCOR) 

 * Safety managers may not be able to tie the success of their safety
   initiatives to financial results, limiting their internal influence 


FOR RISK MANAGERS, IT’S A CLEAR CHOICE 

For many risk managers, the importance of a strong safety or loss control
program, bolstered by a proactive safety culture is clear: having systems in
place to reduce hazards means fewer workplace incidents and injuries, resulting
in fewer claims and potential litigation events. We’ve even heard from our
clients that with Origami’s reporting tools, risk managers have been able to
demonstrate the positive results of their organization’s safety program to
brokers and agents, enabling them to strengthen their partnership and negotiate
lower premiums. This is supported by Redhand Advisor’s finding in their 2021
RMIS report survey of RMIS buyers (consisting mostly of risk managers) in
which 10% of respondents were planning to implement an EHS system in the next 18
months. 


FOR SAFETY MANAGERS, AN OPPORTUNITY FOR CULTURAL GROWTH 

However, it is less likely for safety managers to see why a collaborative
partnership with risk management is so valuable. One thing we hear is that EHS
and safety professionals struggle to get buy-in for additional investment and
attention to safety, meaning that safety is not embedded into the company
culture, is overlooked as a priority, or is simply viewed as a compliance
exercise. When risk managers have visibility into safety data, they can tie that
data to financial impact, which safety teams can then present to executives to
get further investment in safety initiatives, ranging from activities like
safety meetings to investment into a safety management technology system. This
is a win-win situation for both risk and safety teams because increased
investment into safety will likely result in a reduction of incidents, which can
reduce TCOR. 




AN EASY PATH TOWARD COLLABORATION 

As the risk and safety landscapes continue to evolve, the need for this mutual
collaboration will only grow. 

One way to ensure better collaboration between the two departments – or to level
up your program if resources are limited – is to invest in a single technology
platform for risk and safety. Independent analyst firm, Verdantix, highlights
the value of Origami Risk in their 2021 Safety Management Software Buyer’s
Guide as having an integrated risk and safety program, noting the platform
“allows clients to remove silos between disparate solutions, identify
interconnected risks, consolidate claims and policy data, and ensure that
reporting capabilities provide the insights needed for an integrated response.” 

While the benefit of this collaboration may be clear to these different teams, a
question of technological support will quickly come into scope as it’s executed.
The only question that will remain is whether your organization’s current risk
and safety management stack will support this partnership. To learn more about
how Origami’s RMIS and EHS solutions can help break down organizational silos
and reduce costs, start a conversation with us. 


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