While risk management is foundational for the insurance industry, companies often use outdated technology to identify and assess potential threats. If they utilize the Internet of Things instead, they can improve their standard practices and significantly benefit. Do Risk Management Practices Read More …
Tag: insurance
How Can IoT Devices Improve Insurance Companies’ Risk Management Practices?
Insurance and ESG
The increasingly noticeable negative effects of climate change have led to many regulatory initiatives and requirements in the insurance industry, both European and national. For this reason and due to growing customer preferences for sustainable insurance and financial products, insurance Read More …
Strengthening risk frameworks
Interest rates might be a challenge, but they are also an opportunity for insurers, Gus Ortega, head of operational risk management at Voya Financial, tells Risk.net Ortega warns that insurers must adopt a more comprehensive operational risk framework against known Read More …