Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. As insurance intermediaries that represent carriers, MGAs provide insurance products to retail agencies and insureds. Read on to learn more.

Insurance 130

Insurance Robotics Process Automation Risk Management Risk Management 130

McKinsey & Company

OCTOBER 14, 2021

As economies emerge from the pandemic and plan for the next decade of growth, insurance companies need to rethink the strategic function of risk.

Insurance 133

Insurance Risk Management Risk Management Management 133

Everest Group

MAY 19, 2022

With increased cyber attacks and data breaches post-pandemic, cyber insurance to protect against the rising digital threats is growing in demand. Cyber insurers can benefit by partnering with service providers to seize opportunities for growth and profitability in this fast-growing market. Read on to learn how. .

Insurance 130

Insurance Marketing Cybersecurity Engineering 130

Everest Group

JULY 7, 2023

Embracing sustainability in the insurance industry is not just a choice, but a necessity for a resilient future. By integrating Environmental, Social, and Governance considerations into their practices, insurers can mitigate risks and foster long-term value for customers, shareholders, and the planet.

Insurance 130

Insurance Government Analytics Risk Management 130

Forrester Digital Transformation

JULY 14, 2022

On July 6, 2022, The Travelers Property Casualty Company of America (Travelers Insurance) filed a suit in Illinois Federal Court against International Control Services, Inc (ICS) asking for policy rescission and declaratory judgment against ICS.

Insurance 130

Insurance Service Risk Management Risk Management 130

Perficient Digital Transformation

MARCH 29, 2022

Risk Myth Busters – Unlock the myths about Risk Management. Myth 1: Risk management is waste of time and money: If the head of the house hadn’t thought about safeguarding the house, his house could be ransacked or collapsed. The risks can be identified and handled mentally in a blink or a second or in a year.

Risk Management 69

Risk Management Risk Management Management Insurance 69

IBM Services

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 82

Risk Management Risk Management Cybersecurity Management 82

IBM Services

MARCH 25, 2024

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

Insurance 92

Insurance Service Accounting Risk Management 92

McKinsey & Company

OCTOBER 20, 2022

The COVID-19 pandemic has exacerbated challenges for insurers in continental Europe. M&A deals with closed-book players can help insurers continue to create value.

Insurance 98

Insurance Risk Management Risk Management Management 98

Risk Guide

JULY 9, 2021

In this series of Risk Managers Getting Coffee, we’ll be meeting with seven Risk Managers to gain insight into their risk experiences, areas of expertise and to learn more about risk management in the country they work in. 5:08 Risk Managers – Industry Experience Important?

Risk Management 52

Risk Management Risk Management Management Insurance 52

Risk Guide

MAY 5, 2021

In this series of Risk Managers Getting Coffee, we’ll be meeting with seven Risk Managers to gain insight into their risk experiences, areas of expertise and to learn more about risk management in the country they work in. In this episode, Alexander Larsen met Gregory Irgin in the UAE.

Risk Management 52

Risk Management Risk Management Management Insurance 52

Everest Group

NOVEMBER 28, 2023

The Managing General Agent (MGA) sector is a bright spot in a turbulent insurance market. Technology investments and strategic partnerships will be key to redefining risk and driving innovation for these specialized insurance agents/brokers. The data provides a compelling sense that MGAs have a bright future ahead.

Insurance 147

Insurance Service Co-Sourcing Analytics 147

Obobo

DECEMBER 13, 2022

What is Third Park Risk Management? First, let’s start with understanding what risk management is. Risk management is the process of identifying, assessing, and controlling risks. By identifying risks early on, you can take steps to avoid them or mitigate their impact. Definition.

Risk Management 52

Risk Management Risk Management Management Insurance 52

McKinsey & Company

APRIL 25, 2022

In a fast-changing business environment, CEOs who prioritize a new, holistic risk management approach will add value to their organizations—and to their customers too.

Insurance 81

Insurance Risk Management Risk Management Management 81

Risk Guide

SEPTEMBER 14, 2022

By Ben Norris for Commercial Risk. A Ukrainian risk manager told Commercial Risk’s latest event that now is the moment for insurance to prove its worth and help his country in its hour of need. Now we are in the moment where insurance must show its value and its support for business and the recovery.

Insurance 59

Insurance Risk Management Risk Management Management 59

Risk Guide

JANUARY 22, 2022

This is the longer version of an article I had published by Strategic Risk Magazine recently which can be found here: Strategic risk article. A few years ago I was asked by Strategic Risk Magazine to record a short video on what I would like to see change and improve in the Risk Management Profession.

Risk Management 52

Risk Management Risk Management Management Jobbing 52

Perficient Digital Transformation

AUGUST 3, 2023

Risk Management , Anti-Money Laundering, & Fraud Protection Financial institutions invest heavily in security and risk management, but prevention and recovery progress are delayed by manual reporting and disparate systems.

Risk Management 19

Risk Management Risk Management Service Insurance 19

Everest Group

DECEMBER 14, 2022

Cyber Insurance Market: Carriers Navigating through a Changing Risk Landscape. Building a Resilient Supplier Cyber Risk Management Strategy. Our Thinking. Learn More. Cybersecurity: What You Need to Know to Find the Right Partner and Price. Learn More. Learn More.

Management 130

Management Cybersecurity Service Insurance 130

TMS

MARCH 7, 2023

One of the most important tasks that a project manager must handle is assessing risks. There are pre-set risk management processes that most managers apply in order to run the projects smoothly, without encountering any problems. The basic risk management process contains five core steps.

Risk Management 52

Risk Management Risk Management Management Finance 52

IBM Services

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 56

Insurance Cybersecurity Risk Management Risk Management 56

Obobo

DECEMBER 13, 2022

What is Third Party Risk Management? First, let’s start with understanding what risk management is. Risk management is the process of identifying, assessing, and controlling risks. Now that we have a general understanding of risk management, let’s talk about third party risk management (TPRM).

Risk Management 40

Risk Management Risk Management Management Insurance 40

Magellan Solutions

JULY 21, 2021

Different Types of Insurance Claims Outsourcing. Insurance claims outsourcing proves to be helpful for insurers worldwide. Insurance products and services are ever-changing in this specific niche. Yet services of insurance BPO remain consistent. Global insurers often outsource for the following reasons.

Insurance 52

Insurance Outsourcing Data Entry BPO 52

Everest Group

SEPTEMBER 14, 2022

Is Managed Detection and Response (MDR) the Holy Grail for Cybersecurity Services? Cyber Insurance Market: Carriers Navigating through a Changing Risk Landscape. Building a Resilient Supplier Cyber Risk Management Strategy. Learn More. Learn More. Learn More. Learn More. What is the PEAK Matrix®?

Cybersecurity 130

Cybersecurity Service Insurance Risk Management 130

Avasant

FEBRUARY 1, 2021

Covid Accelerates Digital Disruption And Innovative Business Models In The Insurance Sector. C hanging risk landscape s and worsening loss ratios are shifting the role of insurance companies from risk mitigation to risk prevention. Press Releases. Los Angeles, January, 2021.

Insurance 52

Insurance Risk Management Risk Management Manufacturing 52

Magellan Solutions

SEPTEMBER 27, 2020

This is especially true for the insurance industry — an industry that relies greatly on its customer base. This is why good customer service in the insurance industry is important. . Insurance companies provide risk management plans through contracts. There are different types of insurance.

Insurance 52

Insurance Customer Service Service Call Center 52

Perficient Digital Transformation

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Regulations 52

Regulations Service Banking Cybersecurity 52

Redial

JULY 5, 2023

Typically, the objective is to meet vendor risk management requirements that customers may request surrounding security. ISO-9001 (International Organization for Standardization): ISO-9001 certification is a globally recognized quality management system standard.

Cybersecurity 130

Cybersecurity Risk Management Risk Management Insurance 130

McKinsey & Company

MAY 21, 2021

With families continuing to struggle to make ends meet, lenders that find the right combinations of digital-first customer support will experience the benefits, including longer-term customer loyalty and insurance against being left in the wake of more ambitious peers.

Insurance 133

Insurance Customer Support Risk Management Risk Management 133

Magellan Solutions

NOVEMBER 8, 2018

This is especially true for the insurance industry that relies greatly on their customer base. Because of this, customer service for the insurance industry is really important. Businesses from the insurance sector offer risk management plans in the form of insurance contracts. It is a people business.

Insurance 49

Insurance Customer Service Service Risk Management 49

McKinsey & Company

JANUARY 6, 2023

Underwriters can use granular trend-impact diagnostics on portfolios, recalibrated risk selection, and greater underwriting agility to adapt to the evolving and uncertain insurance market.

Marketing 111

Marketing Insurance Risk Management Risk Management 111

Everest Group

MARCH 31, 2023

Impact of the UBS-CS transaction The merger of the two giants will have ripple effects on the BFS market, including: Slowed growth in Europe: If the crisis trickles down to other banks and lasts long, revenue growth in the banking, financial service, and insurance (BFSI) segments will be impacted in the near to mid-term.

Banking 130

Banking Marketing Service Insurance 130

Everest Group

MARCH 16, 2023

Banks with sector-specific concentration risks, specializing in two or three sectors, have grown deposits in the last couple of years and also have a higher percentage of customers with average deposits exceeding the FDIC-insured limit, putting them at higher risk. Banks’ risk management functions also will be scrutinized again.

Banking 130

Banking Service Right-Sizing Risk Management 130

Velocity Global

NOVEMBER 14, 2022

A PEO is a B2B service company that allows its clients to outsource a range of employee management tasks, including: Employee benefits. Risk management. The PEO takes all the employees of their clients and pools them to help drive down rates on things like insurance, payroll, training, and risk. Recruiting.

Payroll 98

Payroll Administrative Insurance Right-Sizing 98

Perficient Digital Transformation

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 64

Risk Management Risk Management Banking Insurance 64

Hyland

JUNE 13, 2022

RPA insurance use cases include: Auto insurance claims processing. Life insurance claims processing. Previous car insurance. Underwriting and risk management. Licensing and temporary event notices. Permit application approvals and denials. Data validation in claims processing. New customer data entry.

Robotics Process Automation 98

Robotics Process Automation Human Resources Out-Tasking Automation 98

IBM Services

DECEMBER 8, 2023

Risk transfer: Risk transfer involves passing the risk to a third party. This strategy shifts the risk from the organization onto another party; in many cases, the risk shifts to an insurance company. An example of this is obtaining an insurance policy to cover property damage or personal injury.

Risk Management 72

Risk Management Risk Management Insurance Cybersecurity 72

IBM Services

FEBRUARY 8, 2024

” European Parliament News The EU AI Act in brief The primary focus of the EU AI Act is to strengthen regulatory compliance in the areas of risk management, data protection, quality management systems, transparency, human oversight, accuracy, robustness and cyber security.

Government 77

Government Regulations Risk Management Risk Management 77