Minimizing Supply Chain Disruptions January 2020 is a distant memory, but for most, the early days of the pandemic was a time that will be ingrained in memories for decades, if not generations. Over the last 18 months, supply chain issues have dominated our nightly news, social feeds and family conversations at the dinner table. […]
HIMSS21 is just a few days away, and we hope you will join us to talk about how we can all achieve better health outcomes by working together. Health organizations across the world are evaluating safety precautions as COVID-19 cases continue to wax and wane and they consider universal questions such as, when is it safe […]
Most businesses, whether you are in Retail, Manufacturing, Specialty Chemicals, Telecommunications, consider a 10% market capitalization increase from 2020 to 2021 outstanding. But what would you say to your shareholders when they found out your competitors’ market capitalization grew 35%? A recent McKinsey report dove into the divergence between retail’s laggards and winners and found […]
We recently hosted a roundtable focused on optimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. In this session we explored what firms are doing to approach the […]
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. Climate impacts the production quality and quantity of insured consumable goods, their location, and their supply chains. Climate change […]
Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. Insurance companies recognize that customer service, communication, and personalization — key tenets of any customer experience — are major components of profitability and […]
Data privacy is an increasingly complex and contentious topic. The appropriate use of data and transparency to the potential uses of the data are at the center of debate amongst the largest Big Tech companies. The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal […]
The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. FRTB is designed to address some fundamental weaknesses that did not get addressed in the post-2008 financial crisis regulatory reforms. In order to help make banks more resilient to drastic market changes, […]
Almost a year into the pandemic, the accelerated digital transformation has begun to feel less abrupt and more sustained. 2021 looks likely to be defined by a new phase: Thriving on digital transformation, rather than just surviving through it. We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, […]
Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform. I am pleased to announce that Cloudera was just […]