John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. Risk Quantification and Analytics. Beyond assessing risk from a qualitative perspective, companies in many industries (e.g.,

Risk Management 52

Risk Management Risk Predictive Modeling Insurance 52

IBM Big Data Hub

FEBRUARY 15, 2024

Meanwhile, insurance companies are increasingly declining to provide property insurance in areas vulnerable to extreme weather, leaving homeowners there at greater financial risk. Explore sustainability strategy Learn about climate and weather risk management The post Climate change examples appeared first on IBM Blog.

Insurance 64

Insurance Risk Strategy Risk Management 64

Octopai

JULY 9, 2020

It required banks to develop a data architecture that could support risk-management tools. Not only did the banks need to implement these risk-measurement systems (which depend on metrics arriving from distinct data dictionary tools), they also needed to produce reports documenting their use.

Insurance 86

Insurance Risk Management Machine Learning Metadata 86

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. I am head of Products here, which comprises of R&D, Product Management and Global Customer support.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 83

Risk Management Risk Management Measurement 83

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

CIO Business Intelligence

MAY 9, 2022

Whether it is individuals or businesses, financial institutions or investors, regulators or insurers, everyone in the ‘economic community’ is aware making ethical decisions is no longer just ‘wokeness’—it makes good business sense too. The pandemic has only further strengthened this realization. Empowering visibility and transparency.

Insurance 80

Insurance Risk Risk Management Enterprise 80

O'Reilly on Data

MAY 18, 2020

Materiality is a widely used concept in the world of model risk management , a regulatory field that governs how financial institutions document, test, and monitor the models they deploy. Data sensitivity also tends to be a helpful measure for the materiality of any incident. How Material Is the Threat?

Risk 359

Risk Modeling Data Processing Software 359

Jet Global

NOVEMBER 15, 2021

A Tax Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an organization, or business, uses to measure the success of its Tax Function over time. to non-traditional KPIs including reputational risk management, efficiency and effectiveness of processes, innovative use of technology, etc.

Metrics 52

Metrics Reporting KPI Risk Management 52

Cloudera

SEPTEMBER 7, 2023

But these measures alone may not be sufficient to protect proprietary information. The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.”

Insurance 79

Insurance Risk Data-driven Modeling 79

CIO Business Intelligence

MARCH 13, 2024

Still, he urges companies to look beyond measurements of coding speed. At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications.

IT 122

IT Consulting Testing Cost-Benefit 122

DataRobot

AUGUST 9, 2021

General Data Protection Regulation, California Consumer Privacy Act, SR 11-7 Guidance on Model Risk Management, etc). A growing number of businesses in the financial sector, such as banks, insurance, and payment card companies, may be liable for hefty fines and penalties due to non-compliance with standard industry regulations.

Machine Learning 52

Machine Learning Risk Testing Insurance 52

BizAcuity

JULY 26, 2021

Improved security and risk management. Hybrid cloud computing aids businesses with crucial control on their data and improving security by reducing the potential risk of data disclosure. Cons of moving to Hybrid cloud.

IT 52

IT Cost-Benefit Data Processing Risk 52

CDW Research Hub

FEBRUARY 14, 2020

As a prerequisite, your organization must already have governance and risk management teams, which will define the company policies and set compliance standards from which you can establish procedures. They will also define what is or isn’t acceptable with regard to risk, and what type of compliance your organization needs.

Risk 52

Risk Reporting Measurement Insurance 52

AWS Big Data

AUGUST 14, 2023

How do we define “risk” and “value” in the context of data products, and how can we measure this? To answer questions such as these and plan accordingly, organizations must implement data product portfolio management (DPPM). Strategies for measuring value and prioritizing data products are explored later in this post.

Management 77

Management Risk Measurement Optimization 77

DataRobot Blog

NOVEMBER 17, 2022

What’s your AI risk mitigation plan? Just as you wouldn’t set off on a journey without checking the roads, knowing your route, and preparing for possible delays or mishaps, you need a model risk management plan in place for your machine learning projects. Enterprise Ready AI: Managing Governance and Risk.

Risk Management 52

Risk Management Risk Modeling Management 52

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 83

Insurance Data Architecture Risk Management Risk 83

Jet Global

MARCH 2, 2022

As such, some of the measures published in respect of ESG include: As such, some of the measures published in respect of ESG include: Non-Financial Reporting Directive (NFRD). The SFDR aims to give more transparency about sustainability and provide a common set of rules on sustainability risks.

Reporting 59

Reporting Risk Recreation/Entertainment Insurance 59

IBM Big Data Hub

JULY 7, 2023

Here are some data security measures that every organization should strongly consider implementing. Ensuring that permissions are removed when no longer needed lessens the security risk. Manage third-party-related risks. Define sensitive data. Implement data classification based on how sensitive and valuable it is.

Risk 40

Risk Data Governance Data Lake Data-driven 40

Jet Global

JUNE 21, 2021

A number of approaches are currently being proposed, underpinned by the need of governments worldwide to recoup funds in the wake of business assistance programs necessitated by the pandemic, including one that features measures as revolutionary as a common basic tax rate for every nation. Read how to elevate tax to a strategic function.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

Cloudera

JUNE 23, 2021

Climate change is a challenge for insurers in some obvious ways, such as stronger and more frequent natural disasters. Yet there are also more subtle risks to monitor, including changes to insured assets, risks, and exposures. These kinds of nuanced risk assessments require comprehensive solutions.

Insurance 52

Insurance Risk Modeling Risk Management 52

Domino Data Lab

FEBRUARY 4, 2019

Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. The ability to measure results (risk-reducing evidence). So there are three unusual books suggested for your reading list. Secondly, because stakeholders.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

DataRobot Blog

JULY 21, 2022

Outline clear metrics to measure success. Document assumptions and risks to develop a risk management strategy. dashes and parentheses in telephone numbers) Inconsistent units of measure (e.g., Inquire whether there is sufficient data to support machine learning. Define project scope. Identify project stakeholders.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Value Management or monetization. Risk Management (most likely within context of governance). Product Management. Governance. Architecture. Great idea. I will suggest this.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Cloudera

MARCH 18, 2021

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. In order to help make banks more resilient to drastic market changes, it will impose capital requirements that are more closely aligned with the market’s actual risk factors.

Risk 55

Risk Machine Learning Risk Management Measurement 55

CIO Business Intelligence

MARCH 25, 2022

Policy makers around the world have been recognizing this heightened risk, which has been further amplified by the recent geopolitical tensions. The European Union (EU) has pulled together a proposal for a unified framework to regulate risk management for financial institutions. DORA’s Impact.

Finance 81

Finance KPI Risk IoT 81

CIO Business Intelligence

APRIL 22, 2022

The certification covers how to plan, execute, control, and complete project schedules and how to develop project measures, approach project control, and lead project teams. Price: $999 for the single video course package; $2,999 for the unlimited video courses; or $3,499 for the full live-course bundle. Requirements: No prerequisites.

Management 107

Management Cost-Benefit Testing Risk 107

Alation

MARCH 24, 2022

It is critical that firms view data security as part of governance, risk management, and compliance (GRC). With the rise of the internet, concerns around spam and identity theft gave rise to early online privacy measures. A bank vault has both security and privacy measures in place to protect the contents within.

Data Governance 52

Data Governance Risk Data-driven Measurement 52

CIO Business Intelligence

APRIL 12, 2022

Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from risk management advisor Willis Towers Watson.

Enterprise 142

Enterprise Technology Consulting Software 142