About: Sarah Hamilton
This author has not yet filled in any details.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...
How to Effectively Identify and Monitor Major IT and Cybersecurity Risks
The rise in cloud computing, fintech solutions, and increased reliance on interconnected systems has exposed banks and financial organizations to various vulnerabilities that can have far-reaching consequences. Understanding and manag...
2023 Global Survey Discovered 4 Dramatic Evolutions of Third-Party Risk Management Process
Third-Party relationships have become critical undeniably in the current era, where financial organizations' ecosystems are progressively becoming intertwined. This interconnectivity comes with a complex web of risks that organization...
Global Survey Shows Focus on Improved Third-Party Risk Management
Improved Third-Party Risk Management (TPRM) can have very positive effects on a business, as emphasized by the takeaways of the 2023 Global Third-Party Risk Management Study. 9 in 10 participants revealed that their companies invest...