The more progress insurers make with Solvency II implementation the more they realize they have to do. Starting early is the key. This post briefly describes six key challenges insurers must address immediately to meet Solvency II standards in time. From there, I’ll point you to a white paper detailing those challenges and a framework that provides a solid foundation for improved capital and cost-efficiency.
You’ve heard it before – siloed data is trouble. Data trouble is getting bigger every day, so those siloes are helping you dig a giant hole for your organization. David Wallace had three-step plan for managing your big data troubles that reduces risk and keeps you in regulatory compliance.
Integrating fragmented data – from growth, acquisitions and outgrown models – can lead to a more effective risk management strategy. Data is multiplying furiously. Learn the benefits of taming data to move your organization toward its goals.
Starting in 2007, according to IDC, the amount of data captured and replicated worldwide outgrew our storage capacity. The data – and that gap – have been growing exponentially ever since. How are financial services firms handling the big data problem?
David Rogers says changes have been made to ensure that mistakes of the past will not haunt financial services firms in the future, but he has advice firms still need to hear. Read my interview with him to learn about the importance of data and embracing new techniques.
Can data management reduce your risk exposure? According to Anne Milley, there is no single measure of data quality, but if you take the time to measure and monitor important attributes of data quality, you can gauge the potential for improvement.
There are several reasons your organization might choose to integrate its data, including, business intelligence, regulatory compliance and risk management. Bookmark these 10 data integration best practices to help your risk management organization get the most accurate data for decision making.
Can banks use data analysis to play ‘Moneyball’?
Are organized fraudsters winning the big data battle?
Turning a cost center into a money generator
Attending the ACFE Fraud Conference and Exhibition?
Plan to attend Increasing Investigator Efficiencies
When: Wed., June 30, 8:30-9:50a.m.
Where: Orlando, FL
Featuring: David Stewart and Dan Barta from SAS’ Fraud and Financial Crimes Practice.
Organized fraud is a growing problem, in large part because it is so hard to detect. In this session, we will show customer examples of how Entity Link analysis improves investigator efficiency by reducing the time spent investigating false-positive alerts and prioritizing events before presenting to investigators. Investigators can now work many times the number of cases and focus on higher-value networks.
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