Today, managing risks has become more challenging than ever due to the complexity of business, rise of cloud computing, increase in third party vendors, and proliferation of regulations amidst a global pandemic. However, organizations that are willing to take a hands-on, proactive risk management approach can stay safe and compliant during such turbulent times.
Cybercrime reigns supreme in the list of risks to manage, and risk managers alongside IT teams need to have stringent contingency plans and prevention strategies. Prevention is crucial as a cyberattack can damage business reputation, lead to legal issues and ruin financial stability. Organizations are moving away from traditional business information tools to advanced analytics that utilize intelligent data interrogation techniques to get clearer and detailed insights in a fraction of the time. These advanced analytics enable businesses to understand, predict, avoid, and if necessary remediate risk. In addition, the growing practice of predictive risk intelligence is helping organizations to predict and manage emerging risks, helping to eliminate or reduce the negative impact of loss events to an organization.
At this juncture, there are a wide variety of firms entering the industry with a set of advanced risk management solution and services offerings. To help companies navigate through the best-of-breed risk management vendors, Insurance CIO Outlook has compiled a list of ‘Top 10 Risk Management Solution and Service Providers– 2020.’ The enlisted organizations offer solutions that enable organizations to keep current with risk management trends and take a proactive, analytics-driven stance to continually assess, predict, and stay one step ahead of risk. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Insurance CIO Outlook’s, “Top 10 Risk Management Solution Providers - 2020.”
