Harvard Business Review

NOVEMBER 22, 2016

The insurance industry has not been immune to AI’s advancement – whether implementing robo-advisors for investment management (Vanguard and Charles Schwab) or applying AI to insurance and loan underwriting (the Chinese search giant Baidu, which provides enhanced risk assessment capabilities).

Insurance 9

Insurance Revenue Workflows Operations 9

Harvard Business Review

MAY 24, 2012

Every large financial services company has instituted risk management, but that hasn't prevented risky behavior in the form of office politics and personality conflict — as the JP Morgan trading debacle has demonstrated. Risk management isn't exclusive to banking. MORE ON MANAGING RISKY BEHAVIORS.

Risk Management 15

Risk Management Insurance Banking Accounts 15

Harvard Business Review

OCTOBER 25, 2016

The companies entrusted with this data must recognize that cybersecurity and data protection are no longer just IT risks; they’re strategic business risks of the highest order. Reputations, brands, and revenue are all at stake. On some level, CEOs know this.

Risk Management 13

Risk Management Insurance Assets Revenue 13

Harvard Business Review

SEPTEMBER 16, 2016

Failure to accurately quantify the enterprise value of data (EvD) may therefore woefully undervalue the importance of cyber-security investments, as well as the face values typically applied to cyber insurance policies. Definitions for what constitutes EvD, and methodologies to calculate its value, remain in their infancy.

Balance Sheet 15

Balance Sheet Assets Insurance Operations 15

Harvard Business Review

OCTOBER 5, 2016

But this approach doesn’t help managers understand if they have a $10 million problem or a $100 million one, let alone whether they should invest in malware defenses or email protection. No institution has the resources to completely eliminate cyber risks. But assumptions differ greatly depending on a business and its customers.

Revenue 13

Revenue Insurance Banking Operations 13

Harvard Business Review

NOVEMBER 12, 2018

Compensation committees often start by tying bonuses and long-term incentives to goals related to compliance and risk management. A logical measure for this goal — a measure to tie incentives to — would be growth in revenues from remanufacturing and rebuilding, or the percentage of revenues or profits derived from both.

Compensation 15

Compensation Metrics Revenue Energy 15

Harvard Business Review

FEBRUARY 2, 2012

This status quo is unacceptable: any organization that invests more time and thought into designing performance bonuses than considering clawbacks is guilty of bad behavioral economics and even worse management. A few of the larger contracts even led to "rev rec" (revenue recognition) restatements that triggered audit committee reviews.

Compensation 15

Compensation Banking Software Sales 15

Harvard Business Review

MAY 16, 2017

Collaborated with University Facilities, Safety & Risk, Risk Manager; ServPro; and Insurance Adjuster to plan and execute clean-up and equipment replacement. Accelerate growth with new product/service lines that generate predictable, recurring revenue. Expand from U.S. into multiple global markets.

Administration 16

Administration Real Estate Transportation Sales 16

Harvard Business Review

SEPTEMBER 21, 2018

In contrast, 70% of respondents think their boards have effective processes for staying current on the company; 69% for compliance; 66% for financial planning; and 55% for risk management — although we should note that managing risks is a crucial consideration when pursuing innovation.

Telecommunications 14

Telecommunications Real Estate Compliance Energy 14

Harvard Business Review

APRIL 6, 2016

The integrated carrier gets incremental revenues from its excess capacity. A company sets up a joint venture with a partner that has complementary assets and capabilities, in order to limit up-front investments, speed up market entry, and reduce risk.

Assets 13

Assets Operations Insurance Telecommunications 13

Harvard Business Review

APRIL 5, 2016

For example, in 2015, Jennifer Braus bought Systems Design West, which serves hundreds of municipal firehouses in the Pacific Northwest by handling billing to insurance companies for their emergency ambulance transports. Meanwhile, he steadily adds additional services and customization that serves his customers’ needs ever better.

Cash Flow 15

Cash Flow Transportation Insurance Revenue 15

Harvard Business Review

FEBRUARY 7, 2018

Like they have for extreme weather and natural disasters, companies can begin to establish international protocols and standards to govern AI not just within their own walls, but also to put in place processes to work with other companies, insurers, and policymakers. AI Insurance Products and Services. They should.

Insurance 9

Insurance Balance Sheet Government Scaling 9

Harvard Business Review

AUGUST 24, 2017

A nearly $150 million settlement is pending for the fake-account scandal that roiled the bank last year, and a new scandal has emerged: Recently it has been alleged that thousands of customers were signed up for insurance without their knowledge. A bevy of lawsuits is in the pipeline, and regulatory scrutiny is intensifying.

Banking 9

Banking Compliance Cash Flow Biotech 9

Harvard Business Review

JANUARY 12, 2018

This data is both financial (revenues, profits, growth) and non-financial (customer sentiment, employee engagement, marketing effectiveness, product feedback, and partner ecosystems). These robo-advisors may be used to automate certain aspects of risk management and provide decisions that are ethical and compliant with regulation.

Assets 9

Assets Marketing Operations Benefits 9

Walk Me

AUGUST 18, 2022

Whether this is your first job in the role or you’re already a seasoned professional, the gap between the vision and the reality of being a healthcare manager can make the first year a real challenge. For example, a small hospital may lose revenue to a neighboring hospital with several MRI scanners. Financial risk management.

Manager 52

Manager Hospitality Insurance Operations 52

Harvard Business Review

DECEMBER 31, 2012

But one key factor is the legal requirement to have auto insurance if you drive a car (vs. Requiring gun insurance is the second opportunity. Again, cars provide a useful analogy: if you drive, you are required by law to have insurance to protect yourself, your car, and anyone else directly affected by an accident.

Insurance 12

Insurance Government Revenue Transportation 12

Harvard Business Review

FEBRUARY 22, 2017

banking & financial services, insurance, real estate); Healthcare (e.g., Cisco, in a recent study, noted that targeted companies suffer substantial losses of revenue, customers, and business opportunities. apparel, automobiles, retailing, media, hotels, restaurants & leisure); Consumer Staples (e.g.,

Telecommunications 9

Telecommunications Real Estate Risk Management Compliance 9

Harvard Business Review

SEPTEMBER 1, 2017

Our company, Frontier Strategy Group, recently polled 20 Latin America general managers about Venezuela’s contributions to their regional revenues. Venezuela represented only 1% of total revenues. Exodus of Multinationals. Some of these companies are big multinationals such as Repsol, Mapfre, and BBVA.

Government 9

Government Operations Energy Marketing 9