July 20th, 2018

Week’s Top Stories: July 14 - 20, 2018

Posted at 10:00 AM ET

Guy Carpenter Appoints President and Head of South East Asia and Korea: Guy Carpenter announced the appointment of Bengt Johnsen as President and Head of the South East Asia and Korea (SEAK) region, effective Jan. 18, 2019.

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In Risk Management ‘Tried’ Technology Has Staying Power: Treasury and financial managers remain hesitant to try newer and more efficient risk management tools.  A survey of finance professionals found that 97 percent use spreadsheets to manage risk while only 28 percent believe they are efficient risk management tools.

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Guy Carpenter to Host Scientific and Engineering Expo to Launch New InsurTech Advisory Offering Developed with Numerati® Partners LLC: Guy Carpenter announced the August 9, 2018 launch event for its InsurTech Alliance – a cost effective, state of the art and insurer-focused suite of capabilities to help carriers evaluate new innovations in the areas of data, analytics and digital technology-based products and solutions.

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How to Turn Compliance Into a Competitive Advantage: Regulatory technology, or regtech, has emerged as a cost-effective solution to help banks deal with the numerous and burdensome tasks required for compliance with regulations. Regtech also helps banks improve their bottom line by enabling them to more effectively manage risks and execute strategies that bring profitable growth.

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Chart: Top Ten Catastrophe Bond Transactions In 2017: The table lists the top ten catastrophe bond transactions that were completed in 2017.

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And, you may have missed…

Rising Responsibility of Risk Managers: Adoption of emerging technologies and innovation bring opportunity but also potential risks to an organization.  In an age of continuous and rapid change, risk management executives can play a critical role in technology adoption and to engage in conversations about emerging risks and solutions.

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