Tag: Risk management

UK InsurTech startup CatX has successfully raised $2.7m in seed funding as the company looks to bridge the gap between supply and demand in the reinsurance sector.

In the dynamic realm of risk management, pivotal factors are reshaping the role of risk executives. Financial crimes compliance, a pivotal aspect of risk management, necessitates vigilance and innovative strategies. Among these, four key factors—Revenue, Cost, Ethics, and Regulation—stand as paramount forces propelling risk leaders into the future.

Swiss Re Group has unveiled ambitious financial targets, as it aims to improve its net income by $3.6bn in 2024.

Cadence Bank has successfully concluded the sale of its insurance operations to Arthur J. Gallagher & Co. for an impressive $904m in cash. The sale...

Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.

Alliant Insurance Services, a leading distributor of diversified insurance products and services, has added strength to its west coast brokerage team with its latest appointment.

In 2022, Fenergo's annual research survey of global investment banks highlighted a labor-intensive environment in Know Your Customer (KYC) processes. These processes were costing banks as much as $35m annually.

Paysend, a next-generation integrated global payment ecosystem, has partnered with CalQRisk, a governance, risk management and compliance (GRC) solution.

The Monetary Authority of Singapore (MAS) has recently unveiled its comprehensive responses to the feedback on its proposed regulations for Digital Payment Token (DPT) service providers in Singapore. These regulations are crucial in shaping the future of digital currencies in the country.

Howden, the renowned global insurance group, has announced the launch of one of the initial dedicated European cyber and technology errors & omissions lineslips catering to primary businesses.