Multi-factor authentication (MFA) is increasingly a minimum expectation for underwriters to sign off on cyber insurance policies. Unfortunately, legacy MFA solutions are not as bullet-proof as they used to be, especially in the light of AI-driven phishing attacks that organizational education and training cannot entirely prevent.

Forbes (6/28/2024)
"As AI continues to proliferate in its adoption across industries and applications, effective leaders have shifted from relying on traditional risk management and governance protocols to more dynamic models," says Forbes contributor John Bremen.

Strategic Risk (6/27/2024)
Companies that previously had little experience with geopolitical risk now find themselves actively incorporating geopolitical risk monitoring and mitigation into their long-term risk management strategies.

Carrier Management (7/2/2024)
On Tuesday, the Biden administration introduced a long-anticipated proposal from the U.S. Occupational Safety and Health Administration (OSHA) that would require many employers to protect 36 million workers from extreme heat. 

Reuters on MSN.com (7/1/2024)
Rates for global property catastrophe reinsurance now range from unchanged to dipping by "mid- to high-single-digit" percentages in July, according to reinsurance broker Guy Carpenter. This presents an opportunity for reinsurers to boost profitability and reduce rates this year.

Reinsurance News (6/27/2024)
Global credit rating agency Morningstar DBRS noted that demand for cyber insurance is surging, due to consumers' increasing reliance on digital technologies. Moving forward, the agency predicts that the cyber insurance market will take its queues from tech advancements, regulatory changes, and innovative insurance offerings.

PropertyCasualty360 (6/26/2024)
An alarming gap is growing betwen liability loss and insurance coverage limits purchased by companies, according to a recent report released by Chubb. Nuclear verdicts (verdicts with settlements and awards of $10 million or more) are largely to blame for the mismatch, the group asserts.

RIMScast
This week's RIMScast guest is Mrunal Pandit. The first global head of Tata Consumer Products, Mrunal discussed her innovative approaches to reducing catastrophic risks, what it takes to maintain the attention of corporate leadership, and her risk philosophies. 
Access the free podcast here.

An organization's human capital is its greatest asset. Solving the issues relative to work-related risk requires careful evaluation of workplace safety, workability following an accident, and compliance with new and ever-changing regulations. This virtual workshop focuses on processes and techniques that can reduce the risk associated with workers, including statutory workers compensation, employer's liability, and employment practices liability.
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RIMS Events
Registration for RIMS Canada Conference is now open. Canada’s largest and most comprehensive risk management and insurance event is scheduled for October 6 - 9 at the Vancouver Convention Centre. This can’t miss risk management experience is set to deliver a range of expert-led panels and education sessions that will explore today’s and tomorrow’s risks and strategies. In addition to the education and networking opportunities, RIMS Canada Conference exhibitors are ready to showcase the latest solutions and services that will empower risk professionals to maximize the impact of their risk programs while also demonstrating its value.
Learn more and register!