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How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM

LogisManager

How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM Last Updated: March 7, 2024 What are the NAIC Strategic Priorities for 2024? The National Association of Insurance Commissioners (NAIC) is the U.S. How does ERM Software help insurance companies?

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BCM Basics: The Strategic Side of Crisis Management  

MHA Consulting

Few have given much thought to the strategic side, an oversight which can lead to costly delays and bad decisions during an emergency. However, relatively few are mindful of the strategic side of crisis management. For many organizations, the fact that there is a strategic side to CM might come as news. Training and awareness.

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Risk Management Process- Part 1: Overview

Zerto

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. We will end the series with an overview of the risk prioritization and mitigation stages of the process.

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At Risk of Distraction: The Seductive Appeal of RMIS Software

MHA Consulting

An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them. Typically available as a SaaS solution, RMIS software is designed to help companies manage and mitigate risk. Risk Mitigation. Risk Assessment.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

The result should be better, more strategic decision-making. ERM is the process of methodically identifying and dealing with any potential events that could threaten the achievement of strategic objectives or competitive advantage opportunities. Passing or sharing the risk via insurance, joint venture, or another arrangement.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.

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Ensuring Healthcare Resilience: The Critical Role of Business Continuity

Erwood Group

Understanding Business Continuity in Healthcare: Business continuity in healthcare refers to the strategic and proactive planning that healthcare organizations undertake to ensure the continuous delivery of essential services, safeguard patient care, and maintain operational integrity during unforeseen events.