Posts Tagged ‘technology’



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 13th, 2018

Getting Practical with Emerging Risks

Posted at 1:00 AM ET

containersWidespread political volatility and rapid technological advances are spurring companies to question not just their resilience, but also their fitness for purpose in the new world order. Yet, many companies are unsure what practical steps they should be taking with regard to major strategic uncertainties and potential shocks.

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June 7th, 2018

Captives’ Future Will Track with Global Risks

Posted at 1:00 AM ET

What does the future hold for captives? Trends that may alter captive owners’ strategies include tax reform, climate change and emerging technologies.

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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 24th, 2018

Wearables, Drones and the Internet of Things: The Next Wave of Workplace Safety and Claims Mitigation, Part II

Posted at 1:00 AM ET

metropoulos_emil_gcciEmil Metropoulos, Workers Compensation and Terrorism Specialty Practice Leader

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Traditionally, workers compensation insurers’ risk assessment was based on data collected at certain times of year, such as policy renewal. And parts of the data set may rely on qualitative metrics like standard loss survey questionnaires, which can omit pertinent questions. By using telematics, employers and insurers can collect real-time data and institute a continuous feedback loop to identify unsafe conditions, immediately warn a worker who may be at risk and monitor and reward those who take corrective action.

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May 23rd, 2018

Wearables, Drones and the Internet of Things: The Next Wave of Workplace Safety and Claims Mitigation, Part I

Posted at 1:00 AM ET

metropoulos_emil_gcciEmil Metropoulos, Workers Compensation and Terrorism Specialty Practice Leader

Contact

The advent of connected devices and the Internet of Things (IoT) is opening exciting new doors in the insurance industry. The auto liability market has transformed from one in which underwriting relied on proxy variables such as driving history, demographics and credit scores to one in which telematics and real-time, personalized driving statistics inform risk assessment.

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May 15th, 2018

Technology Opens the Door to Growth

Posted at 1:00 AM ET

Why must risk executives know about AI, Internet of Things, blockchain, and other technologies? The answer is often sitting in plain sight, from wearable technology that informs workplace risk to IoT connections that provide rich sources of data to insurtech solutions for insurance and risk finance. The promise for risk professionals who use these technologies is to proactively contribute to their organizations’ growth and performance.

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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 8th, 2018

Internet of Things: Building Cyber Resilience in a Connected World

Posted at 1:00 AM ET

The Internet of Things (IoT) is driving huge advances in organizational efficiency, reinventing the customer experience and spurring business innovation and opportunities. But the explosion of IoT devices is also dramatically changing the cyber risk landscape, creating new product vulnerabilities and system exposures for organizations that make or deploy them.

In the new Insight from Guy Carpenter sister company, Marsh, “The Internet of Everything: Building Cyber Resilience in a Connected World,” we explore how internet-connected devices - from toys and refrigerators, to medical devices and industrial control systems - are introducing or increasing cyber risk for businesses that design, manufacture, service or use IoT products. We also look at ways organizations can prepare for IoT-related cyber risks through the use of IoT risk assessment and review of their cyber and E&O insurance policies.

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