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Operating room is the most commonly used facility for performing surgical procedures. The facility is used for treating various physiological and pathological conditions in a highly spotlessly clean environment. Operating rooms in this day and age are fully maintained with technologically advanced equipment that helps surgeons by offering greater flexibility and comfort while conducting surgical procedures, and ensure efficient, error-free operations.

According to a recent report by KBV Research,

From day-to-day operations, to the very relationship between insurers and policyholders, it is no exaggeration to say that Artificial Intelligence (AI) represents the biggest potential for transformation that insurance has witnessed since the invention of the computer, even changing the very nature of the insurer-customer relationship. Insurance Nexus held a series of interviews with Canadian Insurance executives and thought leaders, to understand how they are preparing for the AI-dominated futu

In the last couple of months I have been blogging about the failings of the risk function, what Risk Leadership should look like in the next decade and the fundamental flaw organisations make in implementing the Three Lines of Defence risk management model.

While throwing stones is easy, it is not so helpful to risk professionals for which the Three Lines of Defence is mandated. For example, by a regulator. So here are some tips on how you might go about it. 

The challenge of implementing the Thre

Application transformation market is growing with cloud and big data technologies, which has raised up the transformation process to the very next level. The enterprises attempt in achieving a competitive edge, which helps in achieving the application transformation process. This application needs to be updated constantly with new technologies and progress the return on investment (ROI), which involves an agile methodology and also a scientific approach for removing the key risks and challenges

The Automotive Intelligent Tire and Sensor Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 8.88% in terms of volume and 7.44% in terms of value during the forecast period from 2019 to 2024.

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The intelligent tire and sensor market is driven by several factors such as increasing push from governments as well as consumers to ensure road safety. Additionally, the need for cost effectiv

The blockchain in automotive and aerospace & aviation industry analysis conducted by BIS Research highlights that the market is projected to grow at a CAGR of 60.35% during the forecast period 2019-2029. As per the blockchain in automotive and aviation report depicts that the market was valued at $138 million in 2018.

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The blockchain in automotive and aerospace & aviation technology is majorly driven by the factors such

The in-store analytics market is gaining immense popularity across the globe. From ordinary functionality to the market strategies, a complete structure can be transformed with the incorporation of In-store analytics. For example, smart carts with site beacons, store surrounded with internet and cameras that deliver the retailers with a broad view of their customers’ requirements, latest shopping styles, and purchasing patterns, etc. These processes impart major data such as customers’ gender, a

Hello ladies and gentlemen! Welcome to our live discussion about AI and Risk Management and insurance. Today, we have our interview with Neal Silbert. Neal is Vice President and general manager of insurance at Data Robot which is an inventor and category leader in automated machine learning. It is used very heavily in the banking and insurance industry and its founders came from the insurance industry.

Boris: So Neal, can you tell me a short story about Data Robot.

Neal: Sure. Data Robot was

OVERVIEW
Foreign firms that manufacture medical devices and/or products that are imported into the United States must comply with applicable U.S. regulations before, during, and after importing into the U.S. or its territories. In order to import medical devices and/or products into the U.S., the product must meet FDA regulatory requirements. FDA does not recognize regulatory approvals from other countries. These requirements include registration of establishment, listing of devices, manufacturi

Transforming a product-driven firm to a customer-driven enterprise is inevitable in order to stay ahead in today’s extremely competitive markets. The days of mass marketing, mass media communications, and little-to-none direct interface with customers are long gone. The emphasis, now, should be on maximizing customer relationships and becoming customer-driven organizations rather than merely selling products. The technological advancements of this age offer potent tools for organizations to util

The last couple of weeks I have been pointing out some of the failings of the Three Lines of Defence (3LoD) Model of Risk Management. The red tape it creates and the outsourcing of responsibility for managing risk.

However, there is something even worse about the 3LoD model. It has a fundamental flaw that risk and compliance functions battle with every day. The language that surrounds it creates barriers between the business (first line) and both the risk and compliance functions (second line) an

Almost every business in the country is bound by regulations. There are regulations that govern the way a business can treat its employees, the way it can operate in its environment, and so on. Different industries have varying amounts of regulation. There are industries where regulation is minimal, and businesses are generally not worried about regulatory bodies breathing down their neck. Then there are industries where everything is governed by regulations – where there are so many regulations

Most Transformation initiatives fail to achieve their anticipated objectives.

Change Management is all about engaging and rallying people — at all levels in the organization — to make the transition and sustain that change. It is critical to ensure that the entire workforce is eager and ready to embrace the required new behaviors. More often than not, the technical side of a change initiative is well planned, but it’s the implementation part that fails — particularly, changing the mindsets and be

The global high-end synthetic suede market is segmented into four major applications, namely automotive, fashion, furniture, and others. These applications are further sub-segmented based on their use of high-end synthetic suede. The global high-end synthetic suede market is growing at a rapid pace, owing to its enhanced functionality and properties compared to that of leather.

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Another factor leading to increased adopt

Real Estate (Regulation and Development) Act 2016 aims to protect home-buyers and boost investments in the real estate sector. Under this Act, each state is entitled to have a RERA authoritative body that oversees and regulates the real estate sector in that specific state. One of the primary objectives of the organisation is to initiate quick resolutions of disputes related to the real estate sector.

Against the backdrop of a growing economy, Maharashtra continues to hold a considerable share in

The smart shoes market has surfaced with the integration of sports sensors and development of sports gadgets. Soft sensor networks are circuits made out of flexible sensors that are in-built into shoes, which further helps to measure the biomechanical data. The information gathered provides individual to keep a track of their movement and, in the best way, it prevents injuries. For example, Stridalyzer is an insole detecting the force and pressure, which also helps in injury prevention.

What are

Boris: Hello ladies and gentlemen! Welcome to our live discussion about innovation in insurance. Today we have our interview with Peter Stockhammer.

Peter is Managing director at Generali Vitality which is the holistic health and wellness-based insurance programme that captures the global trend of healthy living.

Peter thank you for meeting with us today. Can you tell me a short story about Generali Vitality?

Peter: Yes, it’s a pleasure to be here. Currently, at Generali Vitality, we are mov

The growth in the automotive sector and rising governmental concerns toward greenhouse gas emissions, have led to the increased demand for rechargeable batteries in the country. LG Chem, Samsung SDI, and SK Innovation are among the leading South Korean battery manufacturers that have planned for a combined investment of XX trillion Won by 2020. They have also announced the break-up of this investment, wherein one fifth would go to the R&D, and the remaining would be utilized for the expansion of