This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Riskmanagement leaders in Europe and worldwide are already being impacted by the war in Ukraine and the sanctions imposed on Russian and Belarusian actors. Forrester analysts provide their guidance in this post.
Organizations are increasingly relying on third parties for various functions to cut costs and leverage external expertise, which can introduce significant security risks. which ultimately enhances the efficiency of the riskmanagement program. which ultimately enhances the efficiency of the riskmanagement program.
Cloud-based computing will provide tangible benefits for banking riskmanagement functions, but risk leaders face significant challenges migrating their systems and activities from on-premises to the cloud.
Navigate stop-loss trends and optimize riskmanagement strategies to mitigate high-cost claims. Prioritize preventative care to reduce healthcare costs and enhance employee wellbeing. Understand the impact and opportunities associated with weight-loss medications in employer-sponsored pharmacy benefits.
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 riskmanagement strategy. Not having a formal supplier cyber riskmanagement strategy can cause compliance issues.
Though this seems to be at a stage where some more push is required in terms of adoption in the riskmanagement function. Traditional riskmanagers, by their job definition, are highly cautious of the result sets provided by the analytics teams.
I am very excited to be covering vulnerability riskmanagement (VRM) at Forrester, including threat modeling and management and penetration testing. What Topics Will You Be Covering at Forrester?
Costly and disruptive, nonfinancial risks are an ever-present concern in the financial services industry. A defined risk appetite strategy can mitigate the problem.
Forrester already released a blog on responding to Log4j, but beyond the immediate (and mid-term) response issues, there are some longer term riskmanagement and community considerations – specifically open source support, maintenance, and risk. The fact of the […].
In this session, we’ll discuss how the market stands today, what issues organizations are facing, why this risk is complex to manage, and above all, we will review new strategies and tactics to ensure robust cybersecurity practices across the supply base. Vice President. Everest Group. Abhishek Singh. Everest Group.
Next, they need to take inventory of existing AI assets like models, tools, and systems, classifying each into the four risk categories outlined by the Act. Crucially, a cross-functional team should be formed to oversee AI riskmanagement, drive compliance efforts, and execute mitigation plans across the organization.
What to expect from the wegginar: Gain knowledge of exchange rates Recognize the main causes of FX volatility Learn how to invoice your client in their local currency Increase your margins by paying or selling in local currencies Understand your FX riskmanagement options To learn more and to register (n/c), visit: [link].
Enhanced riskmanagement Availability of pre-vetted suppliers and solutions on these marketplaces contributed to 43% of users feeling confident about risk mitigation. These features empower businesses to optimize their spending and achieve better value for money.
In both the European Union and globally, the new supervisory expectations for credit spread risk in the banking book pose a clear challenge for bank treasury and risk functions.
The increasing complexity of global supply chains and the need for greater transparency and compliance have now made it essential for organizations to adopt advanced supplier riskmanagement tools to mitigate threats. What are the current trends and challenges in supplier riskmanagement? Who should attend?
In the race to build new businesses, decision makers often overlook riskmanagement and cybersecurity. We have identified six misconceptions that executives often bring to the table.
Perspectives from a former CISO/CSO For my second blog in this series, I wanted to share my thoughts on one of my favorite subjects: third- party riskmanagement (TPRM).
DORA framework DORA establishes a comprehensive framework for managing digital operational resilience across the financial sector. DORA focuses on five strategic pillars centered around data: riskmanagement, third-party riskmanagement, incident reporting, information sharing, and digital operational resilience testing.
My recent report How To Strengthen Vulnerability RiskManagement with Remediation Prioritization details what security teams should consider for their […].
Cyber insurance is only one component of a bigger enterprise cybersecurity riskmanagement program. However, the cyber insurance market has been on a roller coaster, with skyrocketing premiums, changes in coverage, and a demand for policies that outweighs available supply.
Counterparty-credit-riskmanagement is becoming more challenging and complex, reflecting a disrupted global economic, political, and regulatory environment, together with historically high levels of volatility.
Questions our experts will answer: What are the best supplier relationship management approaches across vendor stratification, governance, tools/technology usage, performance management, riskmanagement, and supplier-driven innovation? What are common performance management and score carding approaches?
You’ll learn how to integrate technologies across the supplier management lifecycle and choose the right tools to enhance your supplier management function. Which activities can be impacted by technology under supplier lifecycle management? What questions will the webinar answer for the participants?
Impact on investors Shifting toward instantaneous or faster settlements is a remarkable milestone that will streamline operations, improve riskmanagement, boost liquidity, and provide better counterparty riskmanagement. This will further lead broker-dealers to reduce margins and collateral requirements.
The Russian military action in Ukraine has already significantly impacted thousands of services jobs in this region, but the potential reverberations to nearshore European countries and the larger global services industry could be far more damaging – making it essential to integrate geopolitical riskmanagement in your decision-making now.
Improved RiskManagement and Compliance through Borderless Outsourcing Data security risks, regulatory compliance needs, and technology interruptions are challenges that could derail your digital transformation project.
With this approach, we can strategize effectively, choosing paths that optimize financial gains, enhance social impact, or minimize risks. As financial intermediaries and riskmanagers, insurers have a unique ability to drive and support sustainable practices across different industries and communities.
Building resilience with AI-powered supplier risk mitigation Laurence Noël Nov 6, 2024 Facebook Linkedin What’s the true value of AI in the automotive supply chain? Capgemini’s Head of Automotive Laurence Noël describes the exciting results of a recent collaboration between Capgemini and supply chain riskmanagement specialist Prewave.
Insurance plans must be customized to address clients’ unique needs and risk profiles. Prioritize riskmanagement: By gaining insight into customer risks, intermediaries can offer proactive riskmanagement services.
The growing number and complexity of risks that businesses face put enterprise riskmanagement (ERM) software even more in the spotlight for boards of directors, said Kriti Seth, an Analyst at Everest Group. Read on to find out 16 prominent ERM software vendors.
Poor riskmanagement practices, a questionable corporate culture, and a long series of scandals created an explosive mix that led to Credit Suisse’s collapse and consequent acquisition by rival UBS.
This flexibility ensures actuarial tasks are handled quickly and continuously, guaranteeing smooth operations even in the face of unforeseen resource constraints Challenges with outsourcing actuarial services Next, we explore the obstacles insurers may face, as illustrated below: Financial challenges Accuracy and timeliness: Outsourcing partners may (..)
Leading providers are also investing in developing capabilities and solutions in emerging areas such as sustainability, riskmanagement, and direct spend management.
Security and RiskManagement Microsoft 365 has built-in riskmanagement protocols and is compatible with third-party security tools that assess the risk level and detect suspicious activities before they cause any harm to the employees, customer, and the company.
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. They leverage data-driven insights to offer proactive riskmanagement solutions to clients.
Various value chain elements performed by MGAs include marketing, sales, distribution, underwriting, policy issuance, claims handling, policy review, customer services, riskmanagement, policyholder communication, and renewal management.
While the risks emanating from generative AI usage are notable, its benefits are too significant for enterprises to ignore. Consequently, enterprises that can leverage generative AI’s strengths while effectively mitigating its risks will outperform their peers.
Scalability and Flexibility: Outsourcing offers the flexibility to scale operations up or down based on demand without the financial risk associated with hiring or laying off employees.
Scalability and Flexibility: Outsourcing offers the flexibility to scale operations up or down based on demand without the financial risk associated with hiring or laying off employees.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content