Posts Tagged ‘oliver wyman’



October 25th, 2018

Escalating Threat of Cyber Terrorism

Posted at 2:00 AM ET

The WannaCry and NotPetya cyber-attacks illustrated the magnitude of the damage that cyber-attacks can cause. These two attacks affected organizations in more than 150 countries, prompted business interruption and other losses estimated at well over USD 300 million by some companies, brought reputational damage and resulted in loss of customer data.

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October 22nd, 2018

MGAs – Value at What Cost? - GC@BB Commentary

Posted at 9:00 AM ET

carter_vicky_bio2016Vicky Carter, Vice Chairman – Global Strategic Advisory

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  • Value proposition of MGAs under increasing scrutiny
  • Automation critical to maintaining low cost base
  • Remuneration on profit vs commission fees

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October 11th, 2018

Healthcare & Cyber Risk – Takeaways

Posted at 1:00 AM ET

We conclude the series on Healthcare & Cyber Risk by listing the five key takeaways from the study Holding Healthcare to Ransom by Marsh & McLennan Companies Asia Pacific Risk Center. Continue reading…

October 8th, 2018

Healthcare & Cyber Risk – Cyber Insurance to Manage Exposure

Posted at 1:00 AM ET

holding-healthcare-to-ransom-cover-image-6Key risks that healthcare organizations face today include patient data exposure, shared system data exposure and employee exposure. Recognizing that cyber risks cannot be eliminated, healthcare organizations are beginning to look to insurance or cyber risk transfer programs as a way to shift the risks, not just as a solution for balance sheet protection but also for contractual evidence and compliance. (1)

Prompted by the wave of high-profile attacks and new data protection rules, annual gross written cyber insurance premiums have grown by 34 percent per annum over the past seven years. (2) The European Union Agency for Network and Information Security has also found a positive correlation between cyber insurance takeup and the level of preparedness, (3) and healthcare organizations are only beginning to recognize this. Continue reading…

September 7th, 2018

MGAs – Value at What Cost? - GC@MC Commentary

Posted at 1:00 AM ET

carter_vicky_bio2016Vicky Carter, Vice Chairman – Global Strategic Advisory

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  • Value proposition of MGAs under increasing scrutiny
  • Automation critical to maintaining low cost base
  • Remuneration on profit vs commission fees Continue reading…
August 27th, 2018

The Life Insurance Industry Needs a Lifeline

Posted at 1:00 AM ET

johnwhitworth_oliverwJohn Whitworth, Partner, Oliver Wyman

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The life insurance industry appears healthy enough with plenty of capital and booming sales. A quick look under the hood, however, and it becomes clear that the industry’s profitability has been declining for some time. Continue reading…

July 17th, 2018

How to Turn Compliance Into a Competitive Advantage

Posted at 1:00 AM ET

subas-roy-headshot-cropped2michael-heaney-cropped2hanjo-seibert-profile2Subas Roy, Partner; Michael Heaney, Principal; and Hanjo Seibert, Principal,  Oliver Wyman

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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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April 9th, 2018

Large-Scale Cyber-Attacks on the Financial System

Posted at 1:00 AM ET

Cyber-attacks on financial institutions are becoming more frequent, complex, and sophisticated, with potential for far-reaching, systemic impacts. The motivation of cyber-attackers is shifting from purely achieving financial gains to disrupting critical infrastructures, such as through nation-state attacks, which threatens the basis for confidence in the financial system and even national or international stability.

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January 25th, 2018

Understanding Systemic Cyber Risk; Insights Through Pandemic Behavior

Posted at 1:00 AM ET

platt-jeremybhamory-crop-smshafer-chris-sm1Jeremy S. Platt, U.S. Cyber Specialty Practice Leader, Guy Carpenter; Bruce Hamory M.D., Chief Medical Officer for Health and Life Sciences at Oliver Wyman Consulting and Christopher Shafer, Assistant Vice President, Guy Carpenter

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  • Jeremy S. Platt is Managing Director and U.S. Cyber Specialty Practice Leader at Guy Carpenter; Bruce Hamory, M.D. is a Partner and Chief Medical Officer for Health and Life Sciences at Oliver Wyman Consulting. They represent operating companies of Marsh & McLennan Companies.

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