Added by Enrique Suarez on March 31, 2018 at 4:00pm — No Comments
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 …Continue
Added by Rosalind Morville on March 27, 2018 at 8:30pm — No Comments
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.
Added by Insurance Nexus on March 27, 2018 at 5:32pm — No Comments
Added by Steven Minsky on March 27, 2018 at 5:00pm — No Comments
Added by Bryan Whitefield on March 27, 2018 at 1:30am — No Comments
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…Continue
Added by Steven Minsky on March 23, 2018 at 6:30pm — No Comments
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…Continue
Added by Michael Jones on March 22, 2018 at 7:30pm — No Comments
Designing for Digital—Lessons from Spotify
Source: MIT CISR…Continue
Added by Enrique Suarez on March 21, 2018 at 4:40pm — No Comments
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…Continue
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…Continue
Added by Steven Minsky on March 20, 2018 at 4:31pm — No Comments
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…Continue
Added by Bryan Whitefield on March 20, 2018 at 9:15am — No Comments
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…Continue
Added by Robert Siciliano on March 19, 2018 at 2:02pm — No Comments
Added by Enrique Suarez on March 19, 2018 at 4:01am — No Comments
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…Continue
Added by Steven Minsky on March 16, 2018 at 7:00pm — No Comments
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:
Added by Steven Minsky on March 14, 2018 at 6:18pm — No Comments
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…Continue
Added by Amanda Pink on March 13, 2018 at 8:39pm — No Comments
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 …Continue
Added by RiskMinds365 on March 13, 2018 at 1:00pm — No Comments
Competition and Business Strategy in
Historical Perspective -Harvard Business…
Added by Enrique Suarez on March 13, 2018 at 4:30am — No Comments
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:…Continue
Added by Bryan Whitefield on March 12, 2018 at 11:48pm — No Comments
Added by Steven Minsky on March 12, 2018 at 3:06pm — No Comments