Posts Tagged ‘risk’



June 20th, 2018

Better Quantifying Cyber Exposure Will Help Determine Risk Finance Needs

Posted at 1:00 AM ET

As evidenced by the millions of dollars potentially at stake in a cyber event, financing to help an organization recover from a cyber-attack is more important than ever, with serving insurance a key part of the equation.

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June 19th, 2018

Preparedness to Manage Risks

Posted at 1:00 AM ET

A majority of organizations are prepared to manage risks as a result of increased use of technology, although a few report being significantly prepared. Although treasury and finance professionals are cognizant that increased use of technology will also increase risk exposure, not all organizations are actively addressing the urgency and criticality of being prepared to manage these risks.

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June 6th, 2018

Directors Risk Survey Report 2018

Posted at 1:00 AM ET

Guy Carpenter sister company Marsh has introduced their annual Director Risk Survey Report, done in conjunction with the Institute of Directors. The results reflect changes in the evolving local and global risk landscapes - with cyber, IT, talent attraction and retention and the loss of a key person just some of the risks highlighted.

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May 9th, 2018

Digitizing the Risk Function is a Strategic Imperative

Posted at 1:00 AM ET

As organizations navigate unpredictable economic headwinds, a rapidly-evolving technology landscape and shifting socio-political and regulatory trends, risk management is becoming an increasingly crucial function. In order for the risk function to properly manage the uncertainty ahead, it is crucial that it recognize the large technology dividend to be gained by leveraging three key capabilities: data, analytics and process automation.

Despite budgetary constraints and lack of support from senior management, the long-term benefits of these technologies both for the risk function and the organization will greatly outweigh their initial costs. “Targeting a Technology Dividend in Risk Management,” a new report from the Marsh & McLennan Companies Asia-Pacific Risk Center and the Pan-Asia Risk and Insurance Management Association (PARIMA), explains the why and how of digitizing the risk function.

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May 7th, 2018

Maintaining Relevance in the Age of Innovation

Posted at 1:00 AM ET

Technology is embedded in nearly every aspect of our lives, including in many businesses’ critical functions. The Internet of Things (IoT) ecosystem is growing exponentially, while many organizations are reaping benefits from “going digital..” An increasing number of companies are exploring the applications of artificial intelligence (AI), blockchain, and other technologies.

At the same time, risk professionals are tasked with answering critical questions about the risks these technologies present. And while they are generally confident in their ability to answer those questions, their C-suite counterparts are looking for more, according to the 2018 Excellence in Risk Management Survey.

This year’s Excellence in Risk Management survey from Guy Carpenter sister company, Marsh, and RIMS found risk professionals welcoming their role in innovation and embracing their companies’ digital approach.

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March 26th, 2018

Cybersecurity Risks on Radar

Posted at 1:00 AM ET

Cybersecurity risks are increasingly being managed as a result of growing use of technology. Organizations’ Treasury and Finance functions are tasked with managing risks resulting from recent technology adoptions. Three-fourths of corporate practitioners report that cybersecurity risks have surfaced at their companies as a result of the increased use of new technologies. Slightly less than half cite operational risk as a concern (47 percent), followed by business continuation (41 percent).

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March 22nd, 2018

Cyber Risk: Threats and Insurance Protection for the Mining Sector

Posted at 1:00 AM ET

The world’s leading mining companies now unanimously report that cyber threats are among the principal risks facing their organizations. The report from Guy Carpenter sister company Marsh, Cyber Risk: Threats and Insurance Protection for the Mining Sector, highlights how networked systems are now in use across all aspects of mining operations, and how a range of cyber-attacks on the sector - and industry at large - have raised concerns about the cyber threat.

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March 20th, 2018

Automobile Liability Market Update & Loss Trends Analysis

Posted at 1:00 AM ET

For most U.S. property and casualty insurance companies, automobile liability line performance has typically been one of the major factors adversely impacting overall profitability in recent years. Since the economic crisis of 2008, combined ratios for the auto liability line have steadily deteriorated, putting pressure on carriers to advance strategies to reverse this trend. These strategies need to be developed in order to address the major components that negatively impact auto liability loss ratios - inadequate rates for the risk assumed and marked increases in both frequency and severity of loss.

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March 19th, 2018

Exposure to New Risks

Posted at 1:00 AM ET

Some emerging technologies are exposing organizations to new risks, but few practitioners report a significant impact. Over half of survey respondents report that artificial intelligence is impacting risk exposure at their organizations, although only 14 percent indicate the effect is significant. Data engineering and spreadsheets are also viewed as technologies that will expose companies to new risks.

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