cybersecurity vulnerabilities

Risk Management Challenges for the Insurance Industry

Risk is a double-edged sword for insurance companies. On one hand, customers buy coverage because their businesses face a variety of risks. On the other hand, integrated risk management challenges for the insurance industry are numerous. These include risks like “underwriting, credit, market, operational, liquidity risks, etc.,” according to the National Association of Insurance Commissioners…

adapt to political risk using enterprise risk management

Regulators Target Risk Management Negligence in Small to Mid-Sized Firms

Last month, the Consumer Financial Protection Bureau (CFPB) investigated Dwolla, an e-commerce and online-payment company. It found Dwolla guilty of risk management negligence regarding data security practices. The investigation has some significant implications. Before we take a deeper look, here are a few key takeaways: Dwolla payed a civil penalty of $100,000, despite the fact…