A new suite of property risk analysis tools designed to help risk managers make decisions based on total cost of risk has been launched by global re/insurance broker Aon. The tool, which Aon says is “just the start” of a Read More …
Category: Latest News
Aon releases risk analysis tools
Diligent launches ERM dashboard for improved risk management
Diligent, a GRC SaaS enterprise with headquarters in Sydney, Australia, has introduced Board Reporting for Enterprise Risk Management (ERM). The ERM dashboard, a new component of the Diligent One Platform, presents easily understandable risk reports replete with relevant and verifiable Read More …
How lenders manage risk in MSME lending when credit history is not available
Some of the traditional methods used for credit assessment of businesses such as using credit history to predict behaviour or analysing cash flows and profitability using bank statements and financial statements are not very helpful. Credit risk is the foremost Read More …
How Gen AI is revolutionising risk management in financial services
In the era of Gen AI, risk management practices in the financial services industry need to be ready for significant evolution. According to Custodia Technology, the integration of AI technologies necessitates an audit of existing compliance frameworks to exploit their full Read More …
RBI updates guidance note on operational risk management, extends it to NBFCs
Synopsis The Reserve Bank of India (RBI) updated its “guidance note” on operational risk management for the financial sector, extending it to include NBFCs and housing finance companies. The note highlights that operational disruptions can threaten the viability of regulated Read More …
Embedding ESG-related risks into Solvency II assessments
With ESG increasingly at the forefront of strategic ambitions and regulatory compliance, risk managers in the in the insurance sector are being challenged to more deeply integrate climate-related risks into their risk models. Nihat Mammadli from RiskSphere outlines why and Read More …
Amazon partners with AXA to develop global risk management platform
Amazon Web Services (AWS) and AXA have collaborated to build a digital commercial platform (DCP) and associated software services. AXA DCP is a secure risk management platform that combines industry, business and environmental data with geospatial analytics and generative AI Read More …
Managing Third-Party Risks Emerges as Key B2B Issue
The B2B landscape is built atop trusted relationships, both formal and informal. These relationships can include partnerships and collaborations with third-party vendors, suppliers, contractors, service providers and more; and while these relationships can offer numerous benefits such as cost savings, Read More …
Lloyds to cut jobs in risk management after finding it was a ‘blocker’ to transformation progress
Lloyds Banking Group is preparing to axe roles in its risk management division after finding that it was a “blocker” to the company’s transformation strategy. The group’s chief risk officer Stephen Shelley said in a memo last month that it was Read More …
How to integrate ESG risks into the enterprise’s overall Risk Management
Integrating sustainability into company core operations and strategy remains a challenge, and one way to overcome this is to infuse these issues into enterprise risk management workflows Convergence of sustainability frameworks and standards is driving global consistency in environmental, social Read More …