The ongoing conflict in the Middle East has exposed significant weaknesses in corporate risk management frameworks and insurance coverage, according to industry analysis published in Insurance Times. The situation has highlighted that many organisations were insufficiently prepared for the scale Read More …
Author: RMA INDIA
Middle East conflict reveals huge risk management gaps, industry says
Integrating flood risk management into resilient social infrastructure
Effective flood risk management is crucial for building resilient social infrastructure that can withstand climate‑related shocks and protect vulnerable communities. According to insights from Inter‑American Development Bank, integrating flood risk considerations into planning, investment and policy frameworks helps reduce economic Read More …
Navigating India’s DPDP Act in the Era of AI-Driven Banking
The Indian Personal Data Protection and Digital Privacy landscape is evolving rapidly with the enactment of the DPDP Act. As banks and financial institutions increasingly adopt AI systems, including predictive analytics, generative AI, and automated decision making, compliance with DPDP Read More …
Malawi shifts from reactive to proactive climate risk management
Efforts in Malawi are increasingly moving from reactive disaster responses toward proactive climate risk management to strengthen resilience and protect vulnerable communities from climate‑related shocks, according to Food and Agriculture Organization of the United Nations. Officials and experts from government, Read More …
Risk management jobs are growing as AI reshapes demand
Demand for risk management professionals is increasing as organisations adjust to the growing role of Artificial Intelligence in financial services, technology and corporate strategy, according to recent industry analysis on career trends. Employers across sectors such as banking, insurance, consulting Read More …
AI revolutionises enterprise risk management, says Sprinto report
Artificial Intelligence is reshaping how organisations approach enterprise risk management (ERM), with a new industry report highlighting key trends, benefits and strategic impacts for risk professionals and business leaders. According to insights from the latest report by cybersecurity and compliance Read More …
Deepfakes and Synthetic Identity Fraud: The New Frontier of KYC/AML Risk
For decades, financial institutions have relied on KYC and AML frameworks to identify customers, verify identities, and prevent financial crime. While these controls continue to evolve, fraudsters are evolving even faster. The emergence of deepfakes and synthetic identity fraud is Read More …
Reflection from The Risk Management Lens
Beyond Seaworthiness: Vessel Size, Port Preparedness and Emerging Marine Risks On 26 March 2024, the 984-foot-long Singapore-flagged containership Dali – lost electrical power, propulsion, and steering while departing Baltimore Harbour and struck a support pier of the Francis Scott Key Read More …
Financial institutions reassess the economics of model risk management
Financial institutions are increasingly re-evaluating the economics of model risk management as Artificial Intelligence, machine learning and advanced analytics become more deeply integrated into banking, insurance and financial services operations. Industry experts note that financial organisations now rely on a Read More …
GuidePoint launches supply chain detection and response service
GuidePoint Security has launched a new Supply Chain Detection and Response (SCDR) service aimed at helping organisations identify, monitor and mitigate cybersecurity threats originating from third-party vendors and supply chain partners. The service is designed to address the growing concern Read More …