March 2018 Blog Posts (30)

The Never-Ending Journey: In Search of Product-Market-Fit

The Never-Ending Journey: In Search of…

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Added by Enrique Raul Suarez on March 31, 2018 at 4:00pm — No Comments

8 Reports You Need for Effective Vendor Risk Management

You know that reporting is essential to a successful Vendor Risk program... it helps you highlight problem areas and prioritize your time spend. It can also help you to assess more vendors, score questionnaires faster and better demonstrate to management and regulators the breadth and performance of your program. To learn which reports are essential for a successful program, download …

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Added by Rosalind Morville on March 27, 2018 at 8:30pm — No Comments

Connected Insurance Is So Much More Than Core Protection

A few years ago, insurers were busy trying to figure out what IoT was and what it could do. But spotlighting the technology, all too often led to products and services with little customer appeal.



The lesson was clear – put customers front and center and develop services that build an exceptional experience around a device. To put it simply, the value is not in the technology itself, but in the service proposition that the technology enables.

 

Making…

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Added by Insurance Nexus on March 27, 2018 at 5:32pm — No Comments

VW in Need of Risk Management Rehab After Multiple Emissions-Testing Scandals Emerge

According to reports uncovered earlier this year, Volkswagen conducted diesel-emissions testing on…
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Added by Steven Minsky on March 27, 2018 at 5:00pm — No Comments

Triple A Oversight

My last few blogs have been about the boardroom. The need to tap into the board’s experience, by asking them the right …

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Added by Bryan Whitefield on March 27, 2018 at 1:30am — No Comments

ESG Investors Target Facebook for Repeat Failures in Risk Management

Facebook’s market capitalization dropped as much as $60 billion after reports emerged that Cambridge Analytica, the data consulting firm used by the Trump Campaign, was given the data of around 50 million Facebook users without their consent.

The Cambridge Analytica scandal is the latest in a series of risk management failures that have plagued the social networking company, which has been grappling with its role in the…

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Added by Steven Minsky on March 23, 2018 at 6:30pm — No Comments

Wells Fargo Answers to a Higher Power Over Poor Risk Management

Forget the Federal Reserve and its prohibition against Wells Fargo’s further growth until its governance and risk management improve. Wells Fargo is now answering to Sister Nora Nash of the Sisters of St. Francis of Philadelphia.

The much-maligned bank has agreed to publish a business standards review to “investigate the root causes of systemic lapses…

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Added by Michael Jones on March 22, 2018 at 7:30pm — No Comments

Designing for Digital—Lessons from Spotify

Designing for Digital—Lessons from Spotify

Source: MIT CISR…

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Added by Enrique Raul Suarez on March 21, 2018 at 4:40pm — No Comments

Ticking Time Bomb: Why A Free Vendor Management Checklist Is A Disaster Waiting to Happen

There is temptation in the world of management. With regulatory scrutiny increasing and cost a concern, free vendor management checklists seem like an easy solution. But is that free checklist going to cost you down the road?

My experience says yes.

Free vendor management checklists are a disaster waiting to happen. From misclassifying…

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Added by Michael Jones on March 20, 2018 at 9:30pm — 1 Comment

2018 GRC Market Report Emphasizes New Risk Trends: Reputation, Regulations, and Innovation

The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q1 2018 evaluates and ranks the 14 most significant GRC platforms available, and LogicManager has been named a Leader! But beyond measuring the current offering, strategy, and market presence of GRC providers, the report also dives into the current risk climate.

As the report states, “Managing risk is…

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Added by Steven Minsky on March 20, 2018 at 4:31pm — No Comments

Custom Boards

Do you think of your board as your customer? You probably do. If you don’t this might give you some food for thought:

In his book EMERGENT, Stephen Scott Johnson talks about the old ways of building a relationship with your customer and the new, EMERGENT ways. His focus is heavily on co-creation. It’s more partnering than servicing.

A board and…

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Added by Bryan Whitefield on March 20, 2018 at 9:15am — No Comments

Use a Password Manager Or You WILL Get Hacked

Do you ever use the same password over and over again for different accounts? If so, you are not alone. However, this is quite dangerous. It’s best to use a different, unique password for each account, and to make it easier, you should use a password manager.

According to surveys, people understand that they should use unique passwords, and more than half of people get stressed out due to passwords. Furthermore, about 2/3rds of people said that they had forgotten a…

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Added by Robert Siciliano on March 19, 2018 at 2:02pm — No Comments

Zero to $50M – A Roadmap of the Key Stages, and How to Win at Each Stage

Zero to $50M – A Roadmap of the Key Stages, and How to Win at Each Stage

By David Skok…

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Added by Enrique Raul Suarez on March 19, 2018 at 4:01am — No Comments

Theranos Charged With Massive Fraud: Building Boards On Skill Over Appearance

The Securities and Exchange Commission charged Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh Balwani with raising more than $700 million from investors through an elaborate fraud in which they made false statements about the company’s technology, business, and financial performance. 

The way I look at it, the board was either in…

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Added by Steven Minsky on March 16, 2018 at 7:00pm — No Comments

Tiger Brands Scandal: Fifth Failure Incites Public Outrage

This month, Tiger Brands, the major food conglomerate in South Africa, is entangled in a major scandal. 950 have fallen ill and 180 people have died from listeriosis, which makes this the biggest food-borne illness outbreak in history.

In the unraveling of this scandal, I see a proof point for two growing trends:

First,…

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Added by Steven Minsky on March 14, 2018 at 6:18pm — No Comments

marcus evans to Host the Innovation in Insurance Pricing Conference on May 23-24, 2018 in New York

marcus evans will host the Innovation in Insurance Pricing Conference on May 23-24, 2018 in New York. This conference will give insurance firms a critical insight and the practical expertise to innovate their pricing techniques within their personal lines. Delegates will understand how to enhance their data analytics and leverage big data to augment the quality and efficiency of current pricing strategies, in order to out price their competitors. You will…

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Added by Amanda Pink on March 13, 2018 at 8:39pm — No Comments

Top trends impacting the insurance industry in 2018

The insurance industry is undergoing a significant transformation, and many leaders agree that what we’ve experienced so far is just the tip of the iceberg. With RiskMinds Insurance just around the corner, we asked global …

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Added by RiskMinds365 on March 13, 2018 at 1:00pm — No Comments

Competition and Business Strategy in Historical Perspective -Harvard Business School Note

Competition and Business Strategy in

Historical Perspective -Harvard Business…

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Added by Enrique Raul Suarez on March 13, 2018 at 4:30am — No Comments

Board of the Wrong Questions

Last week my blog was about the need to tap into board experience. Today I write about how boards need to be asked the right questions to provide their experience, to lead. Executive teams should ask their boards quite explicitly:…

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Added by Bryan Whitefield on March 12, 2018 at 11:48pm — No Comments

Wells Fargo Sanctions Send Message to U.S. Banks: Boards Are Accountable for Risk Management Failures

The Federal Reserve’s unprecedented sanctions against Wells Fargo announced on…
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Added by Steven Minsky on March 12, 2018 at 3:06pm — No Comments

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