About: Sarah Hamilton
This author has not yet filled in any details.Advancing the Risk Management Function Beyond Traditional Boundaries in the Insurance Sector
The role of Chief Risk Officers (CROs) in the insurance industry is significantly transforming. Gone are the days when their responsibilities were kept to traditional risk assessment and mitigation strategies. Today, CROs are at the...
Exploring Why Banks Are Turning to AI/Cognitive Analysis for Better Compliance Management Process
Banking institutions experience unparalleled challenges as they continue to optimize their compliance management process. Complicated portfolios, strict budgets, and intricate reporting requirements make monitoring and swiftl...
How ESG Regulations are Driving Innovation and Strategy in the Insurance Sector
The insurance sector is witnessing rapid regulatory oversight, particularly with the growing societal focus on the importance of Environmental, Social, and Governance (ESG) principles. Traditionally, the insurance sector has primar...
4 Critical Practices to Enhance Compliance Risk Management Framework in the Insurance Sector
The concept of compliance has transcended its traditional boundaries, evolving from a mere adherence to regulations to a comprehensive strategy to protect companies from a wide array of risks. Today, the information goes viral insta...
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
As we enter 2024, the adoption of AI in the insurance industry is not just a buzzword but a transformative force reshaping the sector. Integrating AI technologies in insurance operations revolutionizes various services, from risk a...
Elevate Your Bank’s Compliance Management Process with 6 Strategic Moves in 2024
The year 2024 will be pivotal for banks and financial institutions, where the compliance management process is expected to become more than just a regulatory formality—and evolve into a strategic imperative. Compliance management...
5 Key Challenges Affecting Third Party Risk Management Systems and Their Solutions Set
In the current era, business ecosystems are becoming progressively interdependent, and as a result, third party risk management (TPRM) systems have become paramount in corporate strategy. When a business outsources part of its proces...
A Strategy for Navigating Fraud Risks and Building Resilience in the Insurance Sector
The insurance sector plays a pivotal role in safeguarding individuals and businesses against various risks, providing financial protection and peace of mind. However, like any industry, the insurance sector is not immune to risks, an...
Roles and Responsibilities of Board Members in IT Risk Assessment
A rising number of organizational board members understand that cybersecurity is a business risk that they must address and ensure proper risk mitigation strategies are in place. Recognizing the profound importance of mitigating I...
Discover the 6 Evident Advantages of a Centralized and Improved Third-Party Risk Management
In today's globalized business environment, the sophisticated network of third-party relationships has conveyed exceptional challenges and opportunities in risk management. Improved Third-Party Risk Management has emerged as a pivotal...