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Every year I update my must read list for risk and insurance managers. Kahneman’s Thinking Fast and Slow has been there since the very beginning. A risk manager on my team just finished reading it and he used RAW@AI to summarise they key points for risk professionals. Enjoy!

1. The two systems – There are two ways of thinking: System 1 and System 2. System 1 is fast, automatic, and works without much effort. It’s the part of our brain that helps us make quick decisions. System 2 is slower, more deli

I believe there are 3 things risk managers of the future will be doing. Today, most of you are doing number 1, some, very few, are doing number 2 and almost no one is doing number 3. Risk managers of the future will be spending 50% of their time on number 3, 49% of their time on number 2 and 1% on number 1%. Risk managers of today are spending 95% on number 1, 5% on number 2 and 0% on number 3. No wonder executives see no value in risk management.

1. Maintaining an effective ERM (Enterprise Risk

Introducing a new avenue for investment, the Alternative Investment Fund (AIF) is a unique investment vehicle that aligns with select categories in the recent AIF regulations. This article serves as your gateway to understanding the potential of AIFs and their registration process, providing valuable legal guidance for establishing your own AIF.

When do I need to register an Alternative Investment Fund?

An Alternative Investment Fund is a type of investment that falls outside an investment portfol

How to Fix iPhone and iPad App Store Not Downloading Issues

It can be very annoying to have problems with the App Store not allowing your iPhone or iPad to download apps. This issue can affect your productivity & keep you from downloading new apps or critical upgrades. Thankfully, there are a few troubleshooting methods that can fix the problem. We'll look at practical ways in this tutorial to assist you in getting your App Store back up & running. Recall that Techdrive Support is there to help y

Key Performance Indicators (KPIs) are essential for businesses to measure and track progress toward specific objectives. They are quantifiable metrics that provide insights into how effectively a company achieves its goals. Whether applied at the organizational, team, or individual level, are a guiding framework that help align efforts with strategic business priorities.

At their core, KPIs are more than just numbers; they reflect a company’s success in achieving targets or focus points for areas

Managing and connecting effectively with databases is absolutely vital for companies of all kinds in the data-driven environment of today. Conventional database management chores like query creation, performance optimization, security assurance, can be difficult and time-consuming. Now enter GenSQL, a ground-breaking generative artificial intelligence made especially for databases. 

This innovative technology promises to revolutionize our interactions with the management of databases, facilitatin

In every organization, social networks are the connective tissue that binds people together, shaping how they communicate, collaborate, and innovate. Within these networks, certain individuals, known as energizers, have a unique ability to inspire and motivate those around them, creating a positive and productive environment. Conversely, de-energizers can drain the enthusiasm from a room, making work feel like a chore. Understanding these dynamics is where Social Network Analysis (SNA) proves in

The financial services industry has always been at the forefront of technological innovation, and 2024 is set to be another landmark year, mainly for generative AI in banking. As generative AI continues to evolve, its application within banking is becoming increasingly sophisticated, offering unprecedented opportunities to enhance security, improve customer experiences, and optimize operations. The rapid pace of AI innovation is reshaping how banks operate, engage with their customers, and manag

Understanding the Role of Process Taxonomy in Risk Management

Risk management within financial services requires a nuanced understanding of process taxonomy—essentially a structured classification of a business's processes. This taxonomy holds significant importance as it serves as the foundation for identifying and managing risks that organizations encounter amidst the complexities of their operations. A precise process taxonomy enables organizations to articulate not only what they do but also

Electric Vehicle Market-UAE

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 27.50% (2024-2032)

The UAE electric vehicle market is growing due to government incentives, increasing environmental awareness, and advancements in EV infrastructure and technology. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 27.50% from 2024 to 2032.

Download sample copy of the Report: https://www.imarcgroup.com/uae-electric-vehicle-mark

The Importance of Standard Operating Procedures (SOPs) in Risk Management

Standard Operating Procedures (SOPs) are essential components of effective risk management strategies across various industries. They serve as structured guidelines that define the best practices to be followed in workplace operations, especially concerning health and safety protocols. By providing clarity and consistency in task execution, SOPs help organizations minimize risks and create a more organized working environme

Understanding Ransomware: The Evolving Threat

Ransomware is a type of malicious software designed to block access to a computer system or data until a monetary ransom is paid. It represents a significant threat to businesses and individuals alike and has evolved dramatically since its inception. From its humble beginnings as adware to its current form as sophisticated data-targeting attacks, ransomware has a longstanding presence in the malware ecosystem. As highlighted by Purandar Das, the CE

Understanding AI Security Platforms

The rapid integration of artificial intelligence (AI) in various sectors highlights the critical need for robust security mechanisms tailored specifically for AI technologies. AI security platforms serve to protect both the technology stack and the data associated with AI systems. By establishing a robust security framework, organizations can safeguard their AI environment against a range of threats and ensure the integrity of their outputs.

Definition of AI

In today’s fast-paced business environment, Enterprise Resource Planning (ERP) systems have become essential for streamlining operations and providing a unified approach to managing various company processes. As we navigate through 2024, several key trends are transforming the ERP landscape, reflecting the ongoing technological advancements and evolving business needs.

1. Augmented Financial Efficiency:

SAP ERP solutions are becoming increasingly vital across diverse industries. These systems not onl

Artificial intelligence (AI) in financial services is enhancing operational efficiency, accuracy, and decision-making processes for the sector. AI technologies like machine learning algorithms and advanced data analytics are driving significant transformations these days. These innovations are not just incremental improvements but fundamentally change how financial institutions operate, engage with customers, and manage risks.

AI's impact is multifaceted, encompassing many applications, from auto

CD BioSciences, a US-based biotechnology company focusing on the development of imaging technologies, is glad to announce the launch of its new line of Digestive System Tissue Microarrays for researchers and scientists to study digestive system diseases with greater efficiency and accuracy. These microarrays are a powerful tool for studying these diseases and developing new treatment options.

Digestive system tissue microarrays are research tools used to study the diseases and biology of the dige

Cybersecurity breaches are one of the biggest threats facing modern businesses today. Last year, the average breach cost US businesses an average of $4.88 million, as scammers and hackers exposed sensitive information, stole business data, and brought businesses without continuity plans to a standstill. 

Preparing businesses for the threats they will face is simple. Rather than pretending basic cybersecurity training is enough, firms must invest in more advanced cyber risk education programs. Thi

With advancements in technology, the entire automotive value chain has benefitted from it. When it comes to auto repair, customers face guesswork and overcharging in many situations. The estimates created weren’t accurate and would show a higher amount which mostly impacted customer satisfaction.

Now, there is auto repair estimate software available that enhances the estimation process through technology. Utilizing advanced diagnostic tools to artificial intelligence, there is a revolution in how