IN APRIL 2007, Bob Morrell came up to the author at a reception during the annual conference of the Risk and Insurance Management Society (RIMS). He had been reading the “Emerging Risk Strategies” column in Business Insurance magazine and was interested in the new paradigm for ERM that was unfolding. He asked the author if we could build the ERM knowledge warehouse that was so prominent in the discussions of a new ERM framework.
For the next year, we worked together—Bob and his people had incredible computer and Internet skills accompanied by a keen understanding of risk. My role was to represent the risk manager—the user of the system who wants to understand risk as well as to document mitigation strategies. Forming a company called Riskonnect™, Bob brought the concept of visual risk clusters to life. For the first time, we could see and manipulate risk relationships. We could also see the backup information that showed previous and current risk mitigation attempts and plans for dealing with