6OCTOBER 2021Copyright © 2021 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.Managing EditorPamela MorganSalesAlena D'Souzaalena@insuranceciooutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaAlex D'Souza Abhinov PunnakkalJoshua ParkerSarah FernandesEditorialPamela MorganManaging Editoreditor@insuranceciooutlook.comRisk management in the insurance sector can be a complex paradigm. One the one hand, insurance companies are selling their customers risk mitigation services, while on the other, they are dealing with several risks on their plate. One of the largest misconceptions pertaining to risk management is that people think insurance is a sufficient, catch-all control activity. However, there are several scenarios that insurance can't cover. Although insurance companies can purchase coverage from a reinsurer, it doesn't ensure all of the company's risk is accounted for. Customer service is the most significant value provided by insurance companies, and risk management capitalizes on this tremendous opportunity to make a positive impact.As businesses recover from the COVID-19 pandemic, the risk management landscape has transformed completely. Companies are now faced with a new set of challenges in terms of risk management. From a severe skill gap for risk management professionals to complex geopolitical situations and increasing global regulations, there are a plethora of challenges in the risk management industry that business leaders need to focus on. In addition, the remote working conditions enforced due to the pandemic have placed identity-first security at the center of security design and demand a major shift from traditional LAN edge design thinking. While there have been significant investments in multifactor authentication, single sign-on, and biometric authentication, very little has been spent on effective monitoring of authentication to spot attacks against the existing infrastructure.The digitization wave has brought machine identity management under the spotlight for the majority of companies. With an increasing number of functions being automated, it becomes imperative that companies manage the identity of the various devices, applications, cloud services, or gateways used. As the demand for new risk management services and solutions increases, the number of companies providing innovative solutions that cater to customers' needs and demands has also risen.In this edition of Insurance CIO Outlook, we bring you the story of some of the most successful Risk Management solutions and service providers. This edition also combines thought leadership articles from subject-matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best Risk Management solutions and service solution providers based on your requirements.Let us know your thoughts!Mitigating Risks in a Post-Pandemic WorldPamela MorganVisualizerJason JaseVictor Cruz Email:sales@insuranceciooutlook.comeditor@insuranceciooutlook.commarketing@insuranceciooutlook.comOCTOBER - 2021, Vol 07 Issue 08 (ISSN 2644-2795) Published by ValleyMedia, Inc. To subscribe to Insurance CIO OutlookVisit www.InsuranceCIOOutlook.com
< Page 5 | Page 7 >