The insurance industry operates in a highly dynamic and regulated environment. Understanding Enterprise Risk Management (ERM), Operational Risk, and Insurance & Financial Risks is crucial for professionals aiming to make strategic decisions, safeguard organisations, and drive business value. The Certified Read More …
Tag: Operational Risk
Certified Risk Management Professional in Insurance Industry (CRMPII) – RMAI Insurance Risk Certification
AI’s Unique Risk Profile Makes It Difficult to Manage in Insurance
Artificial intelligence (AI) poses distinct challenges for risk management in the insurance sector, according to industry experts. Unlike traditional risks, AI systems can be unpredictable, dynamic, and difficult to monitor, making governance, validation, and mitigation more complex. Insurers adopting AI Read More …
HDI Global Highlights the Strategic Role of Risk Management at Board Level
Willem van Wyk, Senior Executive Officer and Director for the Middle East at HDI Global, states that risk management is evolving into a board-level strategic function rather than just a compliance requirement. Companies operating across multiple jurisdictions face complex risks Read More …
Why SME Risks Become More Complex as Businesses Expand
As small and medium enterprises (SMEs) grow, their risk profiles become increasingly complex, according to industry experts. Expansion introduces higher operational, financial, regulatory, and cyber risks, which can impact continuity, profitability, and compliance. Experts note that SMEs often face challenges Read More …
Reserve Bank of India (RBI) Releases Financial Stability Report, June 2026
RBI released the June 2026 edition of its Financial Stability Report (FSR) on June 30, 2026. The report finds India’s financial system resilient and well capitalised, with bank gross NPAs at a multi decadal low of 1.8%, strong capital buffers Read More …
Five Eyes Countries Advise Update to Cyber Risk Strategies in Face of AI Threats
Chief Security Officers (CSOs) are being urged to rethink cyber risk strategies as artificial intelligence (AI) amplifies the scale, speed, and sophistication of cyber threats, according to a joint warning from the Five Eyes intelligence alliance (Australia, Canada, New Zealand, Read More …
Companies Advised to Update Risk Registers for Better Strategic Insights
Organizations are being urged to rethink how they use risk registers, shifting from static compliance tools to dynamic instruments that drive actionable insights. Experts note that traditional risk registers often become tick-box exercises, failing to provide a clear view of Read More …
Supplier Impersonation Fraud Becomes a Key Operational Risk for Industrial Manufacturers
Industrial manufacturers are increasingly exposed to supplier impersonation fraud, an emerging operational risk where fraudsters pose as legitimate vendors to misdirect payments or manipulate procurement processes. Such scams can lead to significant financial losses, supply chain disruption, and reputational damage. Read More …
Geopolitical Risk Emerges as Key Concern for Risk Managers
Lockton has highlighted geopolitical risk as a critical issue for businesses worldwide, noting its growing impact on operational resilience, supply chains, and strategic decision-making. Companies are increasingly exposed to uncertainties stemming from political instability, regulatory changes, international conflicts, and trade Read More …
Top 10 Cyber Risk Gaps in Indian Banks: RBI Compliance Checklist 2026
The top 10 cyber risk gaps in Indian banks in 2026 are: weak IT governance frameworks, inadequate third-party vendor risk management, delayed patch and vulnerability management, insufficient cyber incident detection and response, poor employee cyber awareness, incomplete data privacy and Read More …