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How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM

LogisManager

How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM Last Updated: March 7, 2024 What are the NAIC Strategic Priorities for 2024? The National Association of Insurance Commissioners (NAIC) is the U.S. How does ERM Software help insurance companies?

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BCM Basics: The Strategic Side of Crisis Management  

MHA Consulting

Few have given much thought to the strategic side, an oversight which can lead to costly delays and bad decisions during an emergency. However, relatively few are mindful of the strategic side of crisis management. For many organizations, the fact that there is a strategic side to CM might come as news. Training and awareness.

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Why Crisis Management Planning Should Be On Your To-Do List

Bernstein Crisis Management

Crisis management planning is the strategic process of preparing for situations can threaten to interrupt reputation, operations, or the financial bottom line. Legal and Compliance: For many industries, having a crisis management plan can be a legal or insurance-mandated necessity.

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Managing Third-Party Risk in Healthcare Supply Chains

Reciprocity

Beyond these fines, costs multiply quickly: breach investigations, patient notification and credit monitoring, cybersecurity improvements, increased insurance premiums, and lost revenue from disrupted operations. The ripple effects impact lab result processing, medical imaging, and insurance claim submissions.

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The Real Deal: Business Impact—Personal Impact—Top Line Revenue

PEAK Learning

Teambuilding.The moment the Real Deal became, well, the real deal to me, was when one of the top five global insurance companies pulled the trigger, providing one Real Deal deck to every single employee—70,000 individuals across five continents—as a way to fuel a deep cultural upgrade. Connections. Onboarding. Performance management.

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The Difference Between Strategic and Operational Risk

Reciprocity

On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks? Non-Business Risks.

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6 Signs Your Business Needs a vCIO

NexusTek

A popular alternative is a virtual CIO (vCIO), an outsourced resource of expertise, strategic planning, and leadership who works on a part-time or as-needed basis. Technology is now a key strategic tool—one that allows you to achieve business goals that are central to your competitive advantage. 2023, May 8).