Everest Group

JULY 17, 2024

Sustainability in insurance transcends traditional practices, weaving Environmental, Social, and Governance (ESG) elements into the core of day-to-day operations, thereby safeguarding the future of stakeholders and the planet. Regulatory changes are also pushing the insurance industry towards greater transparency and sustainability.

Insurance 69

Insurance Risk Management Risk Management Regulations 69

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

Everest Group

APRIL 23, 2024

Insurance Intermediaries Services Amid evolving market dynamics, the insurance intermediary sector is transforming significantly. Additionally, with the emergence of risks associated with climate change and cyber threats, intermediaries are expanding their role beyond traditional risk placement to become strategic advisors.

Insurance 64

Insurance Service BPO Finance 64

Everest Group

MAY 21, 2024

Outsourcing is a growing trend in the insurance industry to transform the actuarial function by reducing costs, creating innovation, increasing efficiencies, and filling the talent demand. Explore the factors driving insurers to partner with specialized service providers and the advantages and obstacles of actuarial outsourcing.

Insurance 64

Insurance Outsourcing Flexibility Risk Management 64

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

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

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

Everest Group

AUGUST 9, 2024

Guidewire’s latest release, Kufri, showcases the company’s dedication to innovation, efficiency, and global reach in the insurance technology space. Emphasizing streamlined processes, advanced data analytics, and expanded global solutions, Kufri is set to enhance the competitive edge of insurers worldwide.

Insurance 64

Insurance Marketing Analytics Efficiency 64

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

Everest Group

APRIL 28, 2022

Sharing sensitive data with outsourcing providers in today’s interconnected digital world has increased organizations’ vulnerability to cyberattacks, making it more important than ever to have an effective supplier cyber risk management strategy. Not having a formal supplier cyber risk management strategy can cause compliance issues.

Risk Management 52

Risk Management Risk Management Management Cybersecurity 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

McKinsey and 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 73

Insurance Risk Management Risk Management Management 73

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

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

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

Everest Group

MAY 24, 2023

As the insurance industry undergoes a paradigm shift post-pandemic, digital transformation can improve customer experience and engagement. Partnering with service providers will help insurers overcome barriers and improve efficiencies. Read on to learn more. Reach out directly to discuss or for more information.

Insurance 52

Insurance Risk Management Risk Management Analytics 52

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

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 52

Insurance Robotics Process Automation Risk Management Risk Management 52

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 52

Insurance Marketing Cybersecurity Engineering 52

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 52

Insurance Government Analytics Risk Management 52

McKinsey and 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 60

Insurance Risk Management Risk Management Management 60

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

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

Risk Guide

AUGUST 12, 2022

By Liz Booth for Commercial Risk. A leading Ukrainian risk manager has told Commercial Risk Europe about some of the biggest challenges facing his profession as the Russian invasion continues. Rushkovskyi said insurance is also playing a critical role in keeping the country going. “ We need risk management 2.0

Insurance 72

Insurance Risk Management Risk Management Banking 72

McKinsey and 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 90

Marketing Insurance Risk Management Risk Management 90

31 West

SEPTEMBER 24, 2024

Some of these regulations include the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA). A reliable data backup plan not only alleviates the challenges arising from data loss but also acts as an affordable means of business insurance.

Retail 130

Retail Regulations Insurance E-Commerce 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

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

Everest Group

FEBRUARY 22, 2024

Financial institutions’ reliance on information and communication technologies (ICT) for core operations brings immense opportunities in today’s digital world but also exposes banks, investment firms, insurers, and other financial entities to significant cyber threats and operational risks.

Regulations 59

Regulations Cybersecurity Service Risk Management 59

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 Insurance 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

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 59

Insurance Service Co-Sourcing Analytics 59

Perficient Digital Transformation

JANUARY 31, 2022

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement.

Risk Management 69

Risk Management Risk Management Insurance Finance 69

Perficient Digital Transformation

DECEMBER 1, 2023

In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 billion of the total cost incurred from the failures of Silicon Valley Bank (SVB) and Signature Bank was designated for safeguarding uninsured depositors. Commencing with the first quarterly assessment period of 2024 (i.e.,

Banking 52

Banking Insurance Regulations Risk Management 52