Risk Management

Navigating Risks in Automotive's Tech-Driven Transformation
Risk Management Navigating Risks in Automotive's Tech-Driven Transformation

The automotive industry is at a critical turning point, driven by the rapid integration of cutting-edge technologies. As vehicles become increasingly connected, autonomous, and powered by electricity, this shift opens a world of possibilities for innovation and improvement. However, as these

Climate Change Fuels Extreme Weather Fears and Shifts Investment
Risk Management Climate Change Fuels Extreme Weather Fears and Shifts Investment

As climate change intensifies, its influence on consumer choices and investment patterns is becoming more pronounced. The escalation in extreme weather occurrences is not only disrupting daily activities but also shaping financial decisions. People are increasingly considering the environmental

Shift Technology Unveils AI-Driven Fraud Detection Module for Insurance
Risk Management Shift Technology Unveils AI-Driven Fraud Detection Module for Insurance

Addressing the Complexities of Insurance Fraud Investigation Streamlining Special Investigation Units (SIUs) Insurance fraud, with an annual cost exceeding $300 billion, is a prevalent issue in the industry, requiring specialized investigation units (SIUs) for detection and prevention. SIUs often

How Are CROs Addressing Cybersecurity and AI in Insurance?
Risk Management How Are CROs Addressing Cybersecurity and AI in Insurance?

In an era where technological advancements and cyber threats go hand in hand, Chief Risk Officers (CROs) are on the front lines of the insurance industry's battle for security and ethical innovation. The following content takes a deep dive into the strategies and measures CROs are adopting to

Rising Insurance Fraud Nears Apple's Global Sales at $309 Billion
Risk Management Rising Insurance Fraud Nears Apple's Global Sales at $309 Billion

The US insurance sector is grappling with a crisis akin to a high-stakes heist: insurance fraud. Yet, unlike its Hollywood portrayal, these crimes are far from glamorous and often slip under the radar. In 2022, insurance fraud's economic impact was an alarming $309 billion, rivaling

Former GA Commissioner Oxendine Faces Healthcare Fraud Trial
Risk Management Former GA Commissioner Oxendine Faces Healthcare Fraud Trial

The Charges and Alleged Scheme John Oxendine, Georgia's former insurance commissioner, finds himself at the center of a healthcare fraud trial involving charges that could decimate his previous government service reputation. Accused of being a pivotal player in a fraudulent scheme from 2015 to

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