Everest Group

APRIL 28, 2022

Sharing sensitive data with outsourcing providers in today’s interconnected digital world has increased organizations’ vulnerability to cyberattacks, making it more important than ever to have an effective supplier cyber risk management strategy. Not having a formal supplier cyber risk management strategy can cause compliance issues.

Risk Management 52

Risk Management Risk Management Management Cybersecurity 52

Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Everest Group

JULY 7, 2023

Embracing sustainability in the insurance industry is not just a choice, but a necessity for a resilient future. By integrating Environmental, Social, and Governance considerations into their practices, insurers can mitigate risks and foster long-term value for customers, shareholders, and the planet.

Insurance 52

Insurance Analytics Government Risk Management 52

Magellan Solutions

SEPTEMBER 27, 2020

One of the keys to a successful business lies not only in the products or services but also to loyal customers. This is especially true for the insurance industry — an industry that relies greatly on its customer base. This is why good customer service in the insurance industry is important. . It is grounded on clients.

Insurance 52

Insurance Customer Service Service Call Center 52

Magellan Solutions

JULY 21, 2021

Different Types of Insurance Claims Outsourcing. Insurance claims outsourcing proves to be helpful for insurers worldwide. Insurance products and services are ever-changing in this specific niche. Yet services of insurance BPO remain consistent. Property Insurance Claims. Shop insurance.

Insurance 52

Insurance Outsourcing Data Entry BPO 52

IBM Services

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

Service 51

Service Banking Risk Management Risk Management 51

Everest Group

MAY 19, 2022

With increased cyber attacks and data breaches post-pandemic, cyber insurance to protect against the rising digital threats is growing in demand. Cyber insurers can benefit by partnering with service providers to seize opportunities for growth and profitability in this fast-growing market. Read on to learn how. .

Insurance 52

Insurance Marketing Cybersecurity Engineering 52

Everest Group

NOVEMBER 28, 2023

The Managing General Agent (MGA) sector is a bright spot in a turbulent insurance market. Technology investments and strategic partnerships will be key to redefining risk and driving innovation for these specialized insurance agents/brokers. The data provides a compelling sense that MGAs have a bright future ahead.

Insurance 59

Insurance Service Co-Sourcing Analytics 59

SIG Speaks

SEPTEMBER 17, 2021

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Kyle Brown discusses the value proposition and responsibilities for the key players in an effective third-party risk management program. Each business unit owns the risks associated with the contracts they decide to enter into.

Risk Management 40

Risk Management Risk Management Management Shared Services 40

McKinsey and Company

OCTOBER 20, 2022

The COVID-19 pandemic has exacerbated challenges for insurers in continental Europe. M&A deals with closed-book players can help insurers continue to create value.

Insurance 73

Insurance Risk Management Risk Management Management 73

Avasant

FEBRUARY 1, 2021

Covid Accelerates Digital Disruption And Innovative Business Models In The Insurance Sector. C hanging risk landscape s and worsening loss ratios are shifting the role of insurance companies from risk mitigation to risk prevention. The report recognizes service providers in four categories: .

Insurance 52

Insurance Risk Management Risk Management Manufacturing 52

Magellan Solutions

NOVEMBER 8, 2018

The treasure chest of any businesses lies not on their products or services but on the loyal consumers who love their products and/or services. This is especially true for the insurance industry that relies greatly on their customer base. Because of this, customer service for the insurance industry is really important.

Insurance 49

Insurance Customer Service Service Risk Management 49

Perficient Digital Transformation

DECEMBER 1, 2023

In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 Unlock Perficient’s Financial Expertise As your expert partner, Perficient invites you to engage in discussions addressing your specific risk and regulatory challenges.

Banking 52

Banking Insurance Regulations Risk Management 52

McKinsey and Company

APRIL 25, 2022

In a fast-changing business environment, CEOs who prioritize a new, holistic risk management approach will add value to their organizations—and to their customers too.

Insurance 60

Insurance Risk Management Risk Management Management 60

Everest Group

DECEMBER 14, 2022

Top Managed Detection and Response (MDR) Services The rise in enterprise touchpoints in the form of IoT, SaaS, and cloud have added to the woes of CISOs by significantly increasing the attack surface. In this research, we assess 27 MDR service providers featured on the MDR Services PEAK Matrix® Assessment. Our Thinking.

Management 52

Management Cybersecurity Service Insurance 52

Everest Group

SEPTEMBER 14, 2022

Top IT Security Services in North America Organizations are leveraging IT security services to improve their security postures and prepare for challenges such as ransomware attacks and business disruptions. All these factors combined have surged IT security services demand across North America. Our Thinking. Learn More.

Cybersecurity 52

Cybersecurity Service Insurance Risk Management 52

IBM Services

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

Cybersecurity 80

Cybersecurity Regulations Banking Risk Management 80

Redial

JULY 5, 2023

SOC 2 (System and Organization Controls): Provide user organizations with assurance over the critical systems and sensitive data used to provide the outsourced services. Typically, the objective is to meet vendor risk management requirements that customers may request surrounding security.

Cybersecurity 130

Cybersecurity Risk Management Risk Management Insurance 130

Capgemini

NOVEMBER 30, 2022

FOCUS ON DATA ECOSYSTEMS IN THE ERA OF FINANCIAL SERVICES Ashvin Parmar 7 September 2022. When it comes to data, the financial services industry has some of the greatest opportunities but also faces tremendous risks and pressures. The banks and insurers don’t have a choice but to start to collaborate,” Parmar says. “So,

Service 52

Service Finance Risk Management Risk Management 52

Everest Group

MARCH 16, 2023

With the recent banking implosion, the global financial services industry , technology companies, and service providers will be hit in different ways. Banks’ risk management functions also will be scrutinized again. For example, only one of the seven members of SVB’s Risk Committee had risk management experience.

Banking 52

Banking Service Right-Sizing Risk Management 52

Everest Group

MARCH 31, 2023

UBS’ takeover of longtime rival Credit Suisse in a rushed, deeply discounted deal has reverberations across the banking and financial services (BFS) IT services market and on service providers. Suppliers that only provide services to Credit Suisse are at risk of having their portfolio consolidated and moved to UBS.

Banking 52

Banking Marketing Service Insurance 52

IBM Services

DECEMBER 8, 2023

Risk transfer: Risk transfer involves passing the risk to a third party. This strategy shifts the risk from the organization onto another party; in many cases, the risk shifts to an insurance company. An example of this is obtaining an insurance policy to cover property damage or personal injury.

Risk Management 73

Risk Management Risk Management Insurance Cybersecurity 73

Perficient Digital Transformation

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time. Don’t hesitate to reach out and leverage our knowledge to make informed decisions.

Accounting 52

Accounting Banking Retail Risk Management 52

Perficient Digital Transformation

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry.

Inventory Management 52

Inventory Management Regulations Banking Government 52

Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

Inventory Management 52

Inventory Management Regulations Banking Government 52

Perficient Digital Transformation

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 64

Risk Management Risk Management Banking Insurance 64

Perficient Digital Transformation

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands. Using generative AI for such purposes gives human resources more bandwidth to thoroughly investigate suspicious incidents.

Risk Management 19

Risk Management Risk Management Service Insurance 19

Velocity Global

NOVEMBER 14, 2022

A PEO is a B2B service company that allows its clients to outsource a range of employee management tasks, including: Employee benefits. Risk management. A PEO will typically charge a service fee based on a percentage of the employee’s total compensation. How Does a PEO Work? Payroll and workers’ comp. Recruiting.

Payroll 98

Payroll Administrative Insurance Right-Sizing 98

SIG Speaks

MARCH 28, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Elizabeth Marquez shares what she has found helps with managing third-party risk resources and how to apply these concepts. I must understand the risks of working with Third-Party Resources.

Management 40

Management Risk Management Risk Management Insurance 40

Perficient Digital Transformation

MARCH 19, 2024

Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. And, ultimately, innovate to add business value , meet consumers’ evolving expectations , and deliver equitable care and services. Be sure to also consider your software supply chain security.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

McKinsey and Company

JANUARY 6, 2023

Underwriters can use granular trend-impact diagnostics on portfolios, recalibrated risk selection, and greater underwriting agility to adapt to the evolving and uncertain insurance market.

Marketing 90

Marketing Insurance Risk Management Risk Management 90

Perficient Digital Transformation

JANUARY 31, 2022

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement.

Risk Management 69

Risk Management Risk Management Insurance Finance 69

Paysquare

MAY 27, 2023

An EOR can take on the employer responsibilities for a company, managing all aspects of migration, joining and on-boarding, benefits administration, payroll management, compliance and risk management, employee query resolution, and exit management. So, let’s dive in! What is an Employer of Record?

Management 52

Management Payroll Administrative Regulations 52

Infosys Consulting

OCTOBER 19, 2023

The gamut of advice they offer will expand as clients expect their advisors to provide holistic financial advice with an inventory of solutions that includes insurance, health, lifestyle choices among other things. Figure 2: AI-first wealth management Wealth management firms need to reorient themselves and become AI-first.

Management 52

Management Co-Sourcing Insurance Banking 52

TMS

FEBRUARY 22, 2023

Wanna see the top IT outsourcing services companies in Eastern Europe? A key way to meet those challenges is through IT outsourcing service companies. A key way to meet those challenges is through IT outsourcing service companies. Software development services from East Europe are culturally and geographically close.

IT Outsourcing 52

IT Outsourcing Outsourcing Service E-Commerce 52

IBM Services

FEBRUARY 15, 2024

Meanwhile, insurance companies are increasingly declining to provide property insurance in areas vulnerable to extreme weather, leaving homeowners there at greater financial risk. Explore sustainability strategy Learn about climate and weather risk management The post Climate change examples appeared first on IBM Blog.

Insurance 65

Insurance Banking Risk Management Risk Management 65

SIG Speaks

AUGUST 24, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Steve Williams provides a look through Johari’s Window, and how knowing what we know and don’t know can unlock our understanding of a company’s risk profile while supporting it through negotiated contracts and governance.

Government 40

Government Risk Management Risk Management Cybersecurity 40