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Riskwire
Today's Feature
RIMS Risk Management Magazine (7/18/2024)
Over the next decade, cyber and digital technology risks, shifts in labor expectations and growing geopolitical tensions will shape corporate landscapes. To effectively navigate these challenges, the entire management team and board must become risk professionals. Forward-thinking global businesses should not silo their risk management responsibilities. Leaders should bring their unique points of view on risks to the broader discussion on threats that may await in the coming months and years. 
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Industry News
Captive International (7/22/2024)
CrowdStrike's outage caused millions of computers running Windows to stop working, leading to billions of dollars in losses, and it emphasized the importance of cyber insurance for non-damage business interruption and intangible assets.
Carrier Management (7/24/2024)
Severe convective storms in the United States accounted for a minimum of $37 billion of insured losses from natural disasters in the first half of 2024.
Insurance Journal (7/22/2024)
The global tech outage is "likely to be the most important cyber accumulation loss event since NotPetya in 2017," but the wording of cyber insurance policies will have a big impact on total losses.
PropertyCasualty360 (7/23/2024)
Insurers are embracing generative artificial intelligence for its potential to streamline operations, but as it's still in the early stages of the development, companies need to develop a top-down strategic plan.
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Strategic Risk (7/19/2024)
Following critical infrastructure across the globe coming to a halt, risk managers need to take steps to ensure their systems aren't vulnerable to similar attacks.
Insurance Business Magazine (7/15/2024)
Generative artificial intelligence is making deepfakes and sophisticated fraud schemes easier to execute, so financial institutions and the banking sector need to protect themselves from fraud.
IRMI (7/19/2024)
Some cybersecurity policies only cover direct financial loss, so when companies seek payment from insurance coverage after cyberattacks, they need to ensure their coverage applies to their situation.
Canadian Underwriter (7/23/2024)
Business management systems often don't show the macro trends brokerages need to run their operations effectively, but homegrown dashboards can optimize the data provided by these systems.
Rims Resources
  
RIMScast, Sponsored by AXA XL
Michelle Chia, AXA XL's Chief Underwriting Officer for Cyber in the Americas, joins RIMScast to discuss the current cyber threat landscape, the role of public-private partnerships and how insurers are preparing to enhance cyber resilience.
  
RIMS Webinar, Sponsored by SERVPRO
On Aug. 8 and ahead of National Preparedness Month, SERVPRO will provide a deep dive into qualified mitigation techniques, the importance of the risk-restoration professionals’ relationship and what comprises an impactful preparedness plan.