Insuring disaster risks can be challenging, due to spatial correlations and fat-tailed loss distributions. This chapter examines catastrophe insurance with a paCarolyn KouskyRevised risk assessments and the insurance industry. RFF Discussion Paper 13-35. Washington, DC: Resources for the Future....
Risk control is the set of methods by which firms evaluate potential losses and take action to reduce or eliminate such threats. It is a technique that utilizes findings fromrisk assessments, which involve identifying potential risk factors in a company's operations, such as technical and non-tec...
Uncover the tools, processes and policies needed to create, manage and execute a security risk management program, from risk assessments to frameworks.
Predictive analytics:Machine learning algorithmscan analyze vast amounts of data to identify patterns and anticipate potential risks. For example, a financial institution or insurance company might use AI tools to detect anomalies and suspicious patterns in transactions or user behavior to mitigate fraud ...
Using Tableau, USAA can now connect to all of their data sources and create dashboards and visualizations based on this newly centralized data hub. Tableau enables USAA data workers to quickly build reports for internal and external stakeholders, either by exporting visualizations to Microsoft PowerPo...
Nationwide Insurance “ CAP Index assessments are a must for anyone engaged in asset protection. The new website is much improved and as important, easy to navigate. ” Bruce List, The Williams Companies “ We have been using CAP Index for a few years and include it in our security vulnera...
Insurance supervisors, therefore, need to develop qualitative risk assessment tools that allow them to “ask the right questions”. However, they do not need to start from scratch as tools already exist to support such assessments in other sectors of the economy (oil and gas, manufacturing health...
In addition to these quantitative performance metrics, stress tests should include qualitative assessments of firms’ climate risk management practices. A recent survey of central banks and regulators suggests that evaluations of governance practices and risk management frameworks are among the most common ...
What new risks lurk in the future?Organizations should develop new methods of identifying future risks. Traditional approaches that rely on reviews and assessments of historical realities are no longer sufficient. 2. Assessing risk appetite How can companies develop a systematic way of deciding which ...
While there was no legal reason for preventing accounting firms from extending their business services, the possibilities for a conflict of interest made it increasingly necessary for auditors to indicate the nature of the work performed and their degree of responsibility. Inaccurate financial reporting ...