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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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The Difference Between Strategic and Operational Risk

Reciprocity

On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks? Non-Business Risks.

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Why Crisis Management Planning Should Be On Your To-Do List

Bernstein Crisis Management

Crisis management planning is the strategic process of preparing for situations can threaten to interrupt reputation, operations, or the financial bottom line. Legal and Compliance: For many industries, having a crisis management plan can be a legal or insurance-mandated necessity.

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Executive Reveals 5 Key Ransomware Takeaways from 2023

Solutions Review

In this feature, Index Engines’ VP of Strategic Partnerships Jim McGann offers his key ransomware takeaways from the last year. Cyber Insurance Rates are Becoming Unaffordable Cyber insurance costs have been on a sharp rise, and insurers are becoming more selective about the types of attacks they are willing to cover.

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2023 RIMS Awards Celebrate the Past, Present and Future of Risk Management

Risk Management Monitor

Recognizing a lifetime of outstanding service and achievement in the risk profession, the society’s top honor, the Harry and Dorothy Goodell Award, was presented to Joan Schmit, distinguished chair of risk management and insurance at the University of Wisconsin-Madison. but remains a leader with the RIMS Chicago Chapter.

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AI Wisdom Ep. 41: How Brokers & Agents Can Leverage AI to Prioritize the Policyholder

Chisel AI

We also discuss our new strategic partnership with Xceedance. Travis explains how the affiliation delivers state-of-the-art, AI-powered, on-demand policy checking solution for commercial lines insurance brokers and agents.