I once ran a chemical plant for what was then ICI. I was a shift supervisor at Rhodes in Sydney, a zone now redeveloped as a major shopping and residential apartment area. The world changes, and so have I.

When you run a continuous process chemical plant, the money is in keeping it online 24/7 and running as close to maximum production as you can. In those days, when the pressure was on my style was much more ‘push’ than ‘pull’. ‘Move on this quickly, please!’ in a loud voice. Of course, contract

Back in March, President Trump’s administration threatened to impose steep tariffs on imported goods from some of America’s biggest trading partners. In the following months, the administration set a 25% import tax on steel and 10% on aluminum. Just as I predicted, these decisions are impacting the supply chains of American businesses, forcing them to consider the effects this kind of tumult could have on their business.

In my first blog post on the subject, I detailed a few direct and indirect c

A Message From Our Partner

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The best methods to risk-rank you

To influence you must build trust. Here are some ideas on how you can assess the level of trust perceived by those you wish to influence.

My thanks to Didier Verstichel from Belgium for his reply to a recent blog of mine, where he gave me the trust formula he uses (he doesn’t remember the original author):

The trust formula I am more familiar with is from the book The Trusted Advisor by Maister, Green and Galford:

Above the line both formulas are saying similar things. You are perceived to be trust

Read this article to know more on How Behavioral Biometrics is Paving the Way to Less Fraud, Less Friction and More Functionality.

In This Research, You'll Learn

• How to balance the need for security and enable a good user experience in the digital channel
• What are the latest techniques that fraudsters are deploying to attack the insurance sector online
• What leading financial services institutions are doing about to manage the next generation cyberthreats

Digital Transformation In Insurance I

A Message From Our Partner 

The rapidly changing regulatory, governance and economic environment of today’s business world calls for accurate, secure and solid data. While this leaves little room for error, businesses often find themselves drowning in missing, inaccurate or sloppy data that could jeopardize their competitive advantage and compliance efforts. 

When companies employ robust technology that connects data, data management and data analysis, they are able to build a coherent data fra

Recently I ran my Risk Leadership training for a client and I had a room of participants that arrived with an extremely poor perception of risk. My role was to convince them of the value of risk and to have them leave the room with definitive actions agreed as to how they will derive that value.

The atmosphere in the room was extreme distrust. They were certain I was going to waste their time. After all, as they soon told me, they manage risk every day. That is their job. Why the extra processes

AI and machine learning are proving to be the only methods in which organizations will meet customer demands at scale and as the race to win customers’ heart becomes tighter than ever, carriers are having to compete with tech giants for AI’s vital ingredients: talent and data.

Which is why the Insurance Analytics Canada Summit (Sep 25-26, Toronto) is bringing together the industry’s heavyweights to discuss how AI and advanced analytics can be utilized to deliver unparalleled performance, business

Over 40% of insurance carriers in Canada have not yet seen a clear return from their investments into advanced analytics (Canada’s First Insurance Analytics & AI Survey, Insurance Nexus, 2018).

Which is why Insurance Nexus is bringing Fernando Moreira (Senior Vice President of Global Insurance, Scotiabank) and Jean-François Larochelle (Director Data Lab, Intact) to discuss how to successfully deploy analytics into underwriting, distribution and claims processing, including their results and the c

Everyone is an adviser. Even if you are the CEO or the Chair of the Board, you are an adviser. As an adviser you seek to influence key decisions. The people we take advice from most readily are those we most trust. To be clear, trust is contextual. I trust my mum, but I don’t rely on her advice when it comes to the internet. In the boardroom, a CEO and Chair who trust each other are more likely to get more done more quickly. And as an internal adviser, trust is your most valuable asset.

An intern

According to a brand-new survey from Insurance Nexus 94% of respondents agreed that AI is going to deeply transform the insurance industry.

The message is clear. AI is going to hit insurance big time – so you need to ensure you’re prepared for the future. 

One way to do this is to check out our newly released “Insurance AI & Analytics Innovation Survey”, where we quizzed 250 of the brightest minds in the European insurance community. By reading it, you’ll get the low-down on the latest trends in a

Today’s most damaging security threats are not originating from malicious outsiders or malware but from trusted insiders - both malicious insiders and negligent insiders. This survey is designed to uncover the latest trends and challenges regarding insider threats as well as solutions to prevent or mitigate insider attacks.

Download the report now

With FCPA enforcement rising and 75 percent of foreign bribery schemes executed by third parties, outsourcing can create regulatory and reputational risks that should not be ignored.
Make a business case to your senior leadership to get the budget you need and prove the ROI of an efficient, automated third-party risk management system.

This white paper will help you demonstrate how your third-party risk management system should:
• Align to legal & regulatory guidance
• Break down departmental bounda

A Message from Enrique R. Suarez to the Students of Entrepreneurship

How to Start a Business Anywhere in the World

The Technician, the Entrepreneur, and the Manager

deltamodel55@yahoo.com

https://enriquesuarez.academia.edu/

In order to start and grow a business, a venture’s founder is required to wear three separate hats including that of the technician, entrepreneur, and manager. In any business, the technician does the work and produces the results, the entrepreneur sets the vision and grows

SIX REASONS FIRMS CAN’T INNOVATE

Enrique Suarez Note: I often receive executive education courses from MIT and I want to share this excellent article with all of you.

Source: MIT Management Executive Education

Written by Visiting Professor Bill Fisher

Recent studies show that when it comes to innovation, corporate strategists don’t walk the walk. They know that real change is required to succeed, but the vast majority of growth efforts are allocated to continuous innovation instead of disruptive ris

Sorry, I meant cross culturalism. As in influencing across cultures without making the person from the other culture angry, as in cross.

Recently I was mentoring a client in a national business performance role. One of his challenges was his need to convince a staff member in China, who is Chinese, to effect changes to the quality management system in a supplier’s manufacturing facility. While quality had been excellent for some years, over the past 6 months it had slipped as they had been trying

Hi Team,

This is my first blog in the GRC, hence, wanted to start by introducing myself.

My name is Harinder Sandal, and I am into IT Advisory and consultant focusing on technologies like Cloud, Enterprise Security, IT Infrastructure and Migrations/Integrations (Data Center - On-Premises/Cloud). 

Security/Technology (Infrastructure, Application & Operations) Risk Management is one of the skills which I do in the Enterprise. As we have great audience in this community with diverse area of focus, tho

marcus evans will host the 3^rd Edition Operational Risk Management and Organizational Transformation for Financial Institutions Conference on September 12-13, 2018 in New York, NY. This annual conference has been one of the most anticipated Operational Risk Management meetings in the industry. This year, we bring together Operational Risk Management & Enterprise Risk Management Professionals to discuss key fundamentals for achieving the utmost efficient operational risk culture. As an expert, in

Leading alongside. That’s what advisers in organisations are essentially doing. You can’t dig it out of the ground, fly it, design it or decorate it for them. You can only lead them as best you can so as they make the best decisions.

Unfortunately, often due to expediency, we use our authority to get things done. What is the problem with using authority? Anyone ever made you do something you didn’t want to do? What happened after you got the job done? Resentment? Too right!

If you truly wish to ga

After a hugely successful two days in 2017, Insurance Nexus are delighted to announce that our Insurance Analytics Canada Summit will be returning to Toronto in 2018, September 25-26, at the Westin Prince Hotel.

Written by insurance carriers, for insurance carriers, Insurance Analytics Canada is Canada’s largest analytics summit and the only conference to focus exclusively on new strategies for embedding AI and advanced analytics in insurance. Over 300 C-level attendees will learn from the exper