Canadian Underwriter

Habits of Highly Successful Risk Managers

April 6, 2018   by Greg Meckbach, Associate Editor

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Tim Kraft, risk manager, JBG Smith Properties

Steve Sachs, co-chair of the Willis Towers Watson Real Estate Practice, is a “big fan” of the late Stephen Covey, author of The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change.

Sachs was such big fan of the book that he collaborated with a former work colleague, Tim Kraft, risk manager for JBG Smith Properties in Washington, D.C., to adapt the approach to the risk management arena.

Both presented Seven Habits of Highly Successful Risk Professionals in April at the Risk and Insurance Management Society Inc. (RIMS) annual conference in San Antonio, Texas.

Steve Sachs, co-chair, Willis Towers Watson Real Estate Practice

Canadian Underwriter’s Greg Meckbach caught up with Kraft and Sachs before the RIMS Conference to ask them for their thoughts about effective risk managers and management.

Sachs pointed out that C-suite executives “don’t care what you do” as long as you are protecting the company.

“If you have any opportunity to work with senior management, you need to talk their language, understand where they are going, and be sort of ‘Big Picture.’”

Kraft, a former officer in the United States Marine Corps, picked up a few things from his military service.

“I have to understand what my senior management wants,” said Kraft. “The next step is putting that into action and realizing that I get evaluated based on results, not activity. I can’t do everything myself, so I can be more successful to the extent that I am a better leader and delegate and support and lead my team.”

Read the full article in the Digital Edition of the April 2018 Canadian Underwriter.

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