Discover how business managers can build robust risk infrastructure in-house. Learn key steps, challenges, and best practices for effective risk management.
Read More 
In a world where business landscapes are in constant flux, understanding and managing risk is more crucial than ever.
Read More In a world increasingly shaped by the unpredictable forces of nature, the insurance industry stands at a crossroads. The rising frequency and severity of natural disasters have compelled insurers to rethink their strategies. In July 2024, State Farm made headlines by dropping 1,600 policies in…
Read More 
For insurers, inaccurate claim reserves can lead to staggering loss ratios and insolvency concerns. With funds being allocated to these reserves before there is any report of a potential loss, the margin for error can be catastrophic. According to McKinsey, there was approximately a $30…
Read More 
Quantifying potential risks in future customers, clients, policies, and premiums can oftentimes feel like a gamble for financial service and insurance companies. In 2021 the insurance industry experienced a $3.8 billion net underwriting loss in property and casualty claims alone, and an 11% increase in…
Read More 
In the financial industry, it is very common for customers to fail to pay on time, either on an occasional basis or on a regular basis. Payment delays can result in both collection and interest losses for financial institutions. Financial services can mitigate risks with…
Read More