OCTOBER 20186CIOReview's circulation is audited and certified by BPA International (Audit Pending). Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.OCTOBER - 10 - 2018Contact Us:Phone:510-683-5022Fax:510-894-8405Email:sales@insuranceciooutlook.comeditor@insuranceciooutlook.commarketing@insuranceciooutlook.comOCTOBER - 10 - 2018, Vol 04 Issue 06 Published by ValleyMedia, Inc. To subscribe to Insurance CIO OutlookVisit www.InsuranceCIOOutlook.com Managing EditorPamela MorganSalesEditorial StaffAva GarciaJoshua Parker Sarah FernandesVisualizerAjay K DasRISK MANAGEMENT SPECIALJohn Varghesejohn@insuranceciooutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffAlex D'SouzaPooja rayShiv ShankerEditorialPamela MorganManaging Editoreditor@insuranceciooutlook.comInsurers need to be confident that their internal processes for identifying, prioritizing, understanding, and measuring emerging risks are more than just adequate. To achieve this, the insurance sector has started to draw on a diverse range of sources, which will help them to recognize emerging risks and make use of forward-looking analyses to identify their impacts on business. Also, these organizations have realized the need for appropriate monitoring and early warning indicators in place, allowing them to manage and mitigate risks as they crystallize. As a direct result of increased consumer awareness and expectations, evolving business models, new technologies, regulations, and an unprecedented level of sanctions, insurance companies must revise their risk strategies and invest heavily in compliance. Awareness of compliance risks has risen dramatically, and many companies have already started the journey toward structured, business-driven, forward-looking compliance risk management practices. Many of these developments are powered by advancements in cognitive technologies, artificial intelligence, and data analytics, which are helping organizations within the insurance landscape to go beyond traditional ways of managing risks by using smart machines to detect, predict and prevent risks. Today, a specialized family of risk specialists and technologists are delivering risk management services that oversee the diverse stages of the lucrative insurance industry. The vendors in this ecosystem work closely with industry leaders to deliver risk detection and evasion for some of the highly automated, integrated, and preconfigured workflows that enable their clients to develop and execute risk-free industry-winning strategies. At this juncture, we are featuring a list of key players in the risk management solution space along with insightful articles from thought leaders in the insurance industry. We believe this edition will help you in evaluating and formalizing effective risk management strategies for your organization.Let us know your thoughts.A Shield against the UnexpectedPamela Morgan
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