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Insurance Blogs hosted by Canadian Underwriter

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    The third step in the Risk Management and Own Risk and Solvency Assessment Model Act (RMORSA) is the implementation of a risk appetite and tolerance statement. This step is meant to set boundaries on how much risk your organization is

    The post RMORSA Part 3: Risk Appetite and Tolerance Statement appeared first on insBlogs.

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    On September 7, big-three credit reporting company Equifax reported that hackers gained access to the personal information of about 143 million U.S. consumers, and have now recently reported that as many as 100,000 Canadian consumers were affected as well. As

    The post Equifax Data Breach: What Businesses Should Be Doing To Protect Themselves appeared first on insBlogs.

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    Recently, Forrester Research published “GRC Vision 2017-2022: Customer Demands Escalate As Regulators Falter,” which explores the challenges GRC will inevitably face as it develops and the solution that enterprise risk management provides. We’ve broken this report down to reflect our

    The post A Shift in GRC: Consumers, Reputation, and Ethics appeared first on insBlogs.

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    The hot water in which Uber has been simmering has just reached new thermal heights. Back in October 2016, hackers stole the personal data of 57 million customers and drivers containing their names, email addresses, phone numbers, and in the

    The post Uber Hack: A Company in Need of Risk Management Rehab appeared first on insBlogs.

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    This September, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) published a much-anticipated update to their 2004 “Enterprise Risk Management—Integrated Framework,” a renowned and widely used risk management framework. The new release is formally called “Enterprise Risk Management—Integrating

    The post How to Use the COSO 2017 Framework Update appeared first on insBlogs.

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    2017 presented a whirlwind of corporate scandals: United Airlines, Wells Fargo, Facebook, Uber, Chipotle, Equifax, WannaCry…the list goes on and on. Many of these companies suffered second and even third scandals when they failed to learn their lesson from the

    The post 4 Predictions for Risk Management in 2018 appeared first on insBlogs.

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    Here we are. February 2018. For many, February is a trying month. How well are those New Year’s resolutions holding up? Have the early-morning January gym visits started to fade? Are salads getting old? Personal goals aside, here’s one thing

    The post Risk Management and Budget Planning: The Key to Good Forecasting appeared first on insBlogs.

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    Oxfam, one of the UK’s biggest charities, was exposed this month to have had 87 claims of sexual exploitation and abuse involving its workers in the year ending April 2017, a 36% increase on the previous year. In light of

    The post Widespread Negligence Uncovered Following Oxfam Scandal: Steps to Improving Company Awareness and Prevention appeared first on insBlogs.

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    The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q1 2018 evaluates and ranks the 14 most significant GRC platforms available, and LogicManager has been named a Leader! But beyond measuring the current offering, strategy, and market presence of GRC providers,

    The post 2018 GRC Market Report Emphasizes New Risk Trends: Reputation, Regulations, and Innovation appeared first on insBlogs.

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