FinServ/Insurance Boardroom-Optimize Risk and Exposure Management with Data Insights

FinServ/Insurance Boardroom-Optimize Risk and Exposure Management with Data Insights

Unprecedented, Unpredictable, Uncertain. These are common words used these days to describe the current economic climate. For Financial Institutions and Insurers, risk and exposure management was already a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. This session will scrutinize how to approach the uncertainty with more predictability to gain control moving forward.

Numerous market dynamics are underway driving uncertainty. Low interest rates continue to put pressure on pricing and balance sheets. Liquidity and exposure management remain highly volatile. Digitalization has increased and while positive overall, it places increased pressure on fraud prevention and cybersecurity controls. In the absence of a crystal ball, additional insights are needed to proactively manage the business.

Financial institutions and Insurers need the ability to analyze and act on massive volumes of data in order to monitor, model, and manage risk across the enterprise. Using the most up to date market data and creating scenario-based projections can help an organization gain better visibility to act as market events unfold.

Take Aways:

• Gain an understanding of the type of data being used to provide better input into risk and exposure management.
• Learn how financial institutions and insurers are creatively using data to better understand their customers, including during the pandemic.
• Discuss consideration for using the cloud to expand bandwidth and increase efficiency.
• Exchange ideas on best practices in evolving an enterprise data strategy in support of risk and exposure management initiatives.