Tag: risk management

What Types of Insurance Do Storage Companies Need?

Guest Author
what insurance does storage companies want

Storage companies provide a valuable service to individuals and businesses alike, offering a safe and secure place to store belongings. However, like any business, storage companies are exposed to a variety of risks. From fires and floods to theft and vandalism, there are many things that can go wrong and damage the property stored in their facilities. That’s why it’s important for storage companies to have the right insurance in place. Insurance can help storage companies avoid losing money if something bad happens. By having the right insurance coverage, storage…

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Impact of Technology on The Financial Sector

Guest Author
Fintech Financial technology in today's Market

Technology is revolutionizing the way businesses operate across every industry. Today, the traditional business model is no longer the most effective way for a business to compete in the market. Moreover, we now have machines and robots that can carry out the same tasks as humans, and that too with greater accuracy and faster speed. Like every other industry, such technological advancements continue to transform the world of accounting and finance. Below in this article, we discuss a few of the significant ways in which technology has transformed the financial…

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How ISO 9001:2015 Can Impact Risk-Based Thinking In Insurance

Guest Author
Freeman1 02 18 2016 17 33 P9

While risk-based thinking is a new term in the 2015 version of ISO 9001, the concept of risk management is not new to the insurance industry. Many companies already have some sort of risk management process in place and much progress has been made to formalize these processes and even use them for regulatory purposes.  Another step forward is the introduction of the ISO 9001:2015 standard, which includes a focus on risk-based thinking that could benefit the industry. ISO 9001:2015, which defines risk-based thinking even more than its predecessor ISO…

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Insurance industry may be vital to solving some of the world’s problems

Logan B.
Bill Clinton insurance industry

Bill Clinton identifies three issues that are significant problems for the global community The insurance industry may be vital to helping the world overcome some of its most serious problems, according to former President Bill Clinton. Both insurance and risk management may be needed to help the global community overcome the problems relating to the inequality of access and opportunity, political instability, and climate degradation. Clinton has identified these three matters as the most significant challenges facing the world today, and insurers may be in a position to help the…

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Insurance Industry Rapidly Adopts Touchstone, AIR’s Next-Generation Platform

Guest Author
Insurance industry standards and technology

BOSTON, July 18, 2013 — The insurance industry is rapidly adopting TouchstoneTM, AIR Worldwide’s next-generation catastrophe modeling platform. Since the new software’s release in January 2013, Touchstone has gained wide acceptance across the marketplace by some of the largest insurers, reinsurers, and intermediaries. “With the release of Touchstone, AIR is offering a robust and reliable platform that we can easily integrate into our proprietary catastrophe management system, APEX,” said Alan Calder, group head of catastrophe risk at Aspen. “Part of our risk management strategy is to evaluate and understand multiple…

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