Ideal GRC tools can play a very important role in reducing frauds if implemented and executed properly. A good GRC solution keep compliance and risk programs effective and updated. It allows business to implement the solution that addresses specific regulatory requirements and properly identify the inherent risks. It also helps in handling, documenting and evaluating the risks efficiently. By having an effective GRC solution, it also highlights if the transaction is made in a certain manner whic
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Customer service has recently taken a central focus for insurance carriers. The exploits of digitally-native InsurTechs such as Metromile and Lemonade have demonstrated the appeal that personalized, seamless product offerings can create. In a 2019 Insurance Nexus survey, a majority of respondents felt that the customer experience would see the greatest impact from the implementation of AI.
Yet, while 2018 saw many legacy carriers conduct a host of pilot initiatives aimed at improving the customer
Logic is used for processing digital data which controls the operation of electronic systems. It is also used for interchanging and manipulating data in communication devices, computers, and consumer electronics. Digital circuits are developed using small electronic circuits called logic gates which are also used to develop combinational logic. It has applications in digital product including mobile phones, calculators, PCs, tablets, arithmetic logic units, digital watches, computer memory, mult
All about Subscription Model
A subscription model is based on the idea of selling a product or service to obtain monthly or yearly subscription revenue. The model primarily focuses on customer retention rather than customer acquisition. Essentially, subscription models pay attention to the way revenue is made, i.e., they look for ways in which a single customer pays multiple payments for prolonged access to a good or service.
Market research subscription services provide a one-off value by offerin
I had two separate conversations last week about measures that don’t matter (much). One was with a client in the Not-for-Profit sector who needed to report “about a hundred” things to their regulator who are major funders of their programs.
The second was in my Group Mentoring Program on Friday morning where we were discussing my blog of a few weeks ago – Measure what Matters. In fact, we had my colleague Dr Andrew Pratley as a guest so we could explore the concepts in more depth within the group
As the plastic bottle industry shifts toward bio-based plastics, PEF is expected to be a game changer in the bottle industry. Several Tier-1 companies have publicly announced their ambitious goals to add substantial amount of PEF capacities in their product-line. As PEF is seen as a direct competitor for PET, industry experts believe that PEF has enough potential to replace PET in several applications, including bottle, films, and fibers. Companies such as Synvina, AVA-Biochem, and Corbion nv ha
Any industry involving wiring transfers of large sums of money is vulnerable to this new type of hack. Purchasing a car, home or piece of art are large transactions and are not usually done in cash. In well-established industries like real estate, there are some checks and balances, but while one would think it would be very tough to pull off this scam in real estate, it is just as easy. I do not know how many billionaire art collectors follow my blog (they should!), but most of you are regular
In today’s competitive business world, no one can afford to make mistakes. Well, this is pretty common with the new and young entrepreneurs who lack expertise and skills required to stay in the market.
As a writer, I have observed that most of us lack on the initial stages of development in a business which is WHY most of the start-ups fail before time. To solve this problem and help your business grow I have concluded my advice for all the young minds.
Let’s begin.
Lack of a Direction
Even if you
The global thermoelectric materials market is a highly-fragmented market, and the top five players comprised approximately XX% of the market share in 2017. The key players operating in the global thermoelectric materials market include Ferrotec, Laird, Gentherm, Sigma Aldrich, and Marlow Industries, Inc., among others. These players adopted various strategies such as expansions, agreements, new product launches, contracts, partnerships, collaborations, and mergers and acquisitions to enhance the
From day-to-day operations, to the very relationship between insurers and policy-holders, it is no exaggeration to say that connected insurance represents the biggest potential for transformation that insurance has witnessed since the invention of the computer. See, for example, the ability of an insurance carrier to react to live data, in real time, and prevent a loss from occurring. From simply mitigating the effects of a loss, they now become partners in risk-prevention.
The current focus on c
The color cosmetics market has witnessed remarkable innovations in textures and quality with a sole purpose to entertain the evolving needs and demands of their far-reaching customer base. The industry will continue to experiment as customers continue to explore the trending, up and coming looks.
Color cosmetics are personal care products which play the role of an enhancer for the physical appearance of people. These products contain colorants and cosmetics constituents and have a wide range of a
Company branding is just one of the main components of your advertising program, particularly when you're making an effort to set up your institution's position in the market. There is no denying the fact that it is one of the important points on which the entire growth of any business depends. Fantastic branding can help position your company to entice the right type of customer for your company. The vital thing that branding is actually about is differentiating yourself. Business branding isn'
Recently I have been blogging about Measures that Transform. Figure 1 outlines the journey you need to take to ensure you don’t have measures that hurt, that you move beyond measures that simply matter and that you have measures that transform. That is, you take a journey from motion to direction to transformation.
Motion – As with many decisions we often agree that something needs to be done and go straight into implementation mode. For example, Boards and their Executive usually agree the need
Laparoscopy is a minimally invasive operating technique carried out by keyhole incision, especially for the abdominal organs.
Targeted laparoscopic treatment areas include bile duct, column, liver, pancreas, etc. Due to the advent of technological advances in energy equipment and laparoscopes, demand for laparoscopy devices has increased considerably over recent years.
The patients with laparoscopic surgery have several advantages versus the more frequent, open operation. These include decreased p
For the first time, reputation risk, organizational culture, and cybersecurity have all landed among the top five risks in the energy industry. How can energy companies tackle all of these risks without wasting time and money on additional resources?
This year at my IRMI Energy Risk and Insurance Conference session, I showed attendees how they could tackle all three of these top-priority risks with enterprise risk management.
The key is adopting a truly integrated approach to risk management. The
Trulioo, the leading global identity verification provider, announced today that it has extended its coverage to Bangladesh, an emerging market with tremendous untapped potential for strong economic growth and prosperity.
Organizations currently leverage GlobalGateway, Trulioo’s marketplace of identity data and services, to verify individuals and business entities around the world, and now that coverage includes consumers in Bangladesh. GlobalGateway helps digitize and automate due diligence proc
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With 2018 witnessing unprecedented advances in the investment and deployment of artificial intelligence within the insurance industry, Insurance Nexus is delighted to announce that the Insurance AI and Analytics USA Summit will return to Chicago for a sixth time in 2019, welcoming more than 450 senior attendees to the Renaissance Chicago Downtown Hotel, May 2-3.
Featuring an agenda designed to tackle the biggest challenges and opportunities in AI and advanced analytics, Insurance AI and Analytics
Did you miss the live webinar?
Get the webinar recording - “Powering The Bionic Underwriter Of The Future”
In this webinar, you’ll get exclusive insights from:
Susan Fallon, Global Head of Commercial Property, Zurich
Alexandrina Scorbureanu, Group Head of Projects & Overarching Activities, ERGO
Janthana Kaenprakhamroy, CEO/Founder, Tapoly
Listen back to pick up tips, tricks and pointers on:
Leverage New Technologies, Tools And Techniques: Get to grips with the latest tools available to enhance the unde
