Vendors realize there is opportunity in listening to what their customers want.
Often, the result is that RMIS vendors will enhance already existing products. But risk managers sometimes can spur the creation of new products. They were talking about benchmarking, having the ability to look at their total cost of risk,'' he said. The benchmarking product will, among other things, help risk managers size up a potential acquisition by calculating the target company's cost of risk and estimating its impact on that cost for the acquiring company. Ms. Shernoff explained.