Cyber Risk Management Evolving Corporate Need and Risk Transfer Approaches

Exploring corporate needs in response to evolving cyber risks

The agenda for the International Cyber Risk Management Conference ICRMC in Bermuda will focus on cyber risk with an emphasis on reinsurance insurance and risk transfer solutions.

Cyber attacks can be immensely costly in terms of impact to business operations and your brand. If protecting your organisation or client from the impact of a cyber attack is your core responsibility the ICRMC in Bermuda is the place to be.

Cyber Risk Management Evolving Corporate Need and Risk Transfer Approaches
Register early for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Register early for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

By registering early you will save $300. Register using code RISKTV to save an extra 10 percent.

Cyber Risk Management Evolving Corporate Need and Risk Transfer Approaches
Register early for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Cyber Risks Forum

Understanding Cyber Risk Management Better

Guide To Cyber Risk Management

Business Continuity Management BCM Magazine

Enterprise Risk Resilience Consultants

Risk Academy

BusinessRiskTV Cyber Risk Management Evolving Corporate Need and Risk Transfer Approaches

Develop new cyber risk management approaches for understanding the likelihood and impact of cyber risk

Cyber Insurance Pricing Underwriting Risk Modelling and Reserving

This session will focus on differing approaches to pricing underwriting modelling and reserving of cyber risk. Hacking attempts occur daily at a rapid fire pace. The impact of cybercrime is expected to reach 6 trillion dollars by 2021 with current spending paling in comparison at approximately 96.3 billion dollars and the threat of systemic cyber risk like cloud service failure could cost society billions.

One government agency who was later breached said that they see greater than 10 million attempts per month.

Cyber attackers are becoming more sophisticated and new vulnerabilities continue to emerge. Insurance carriers must do the same and develop new approaches for understanding the likelihood and impact of cyber risk.

Develop new cyber risk management approaches for understanding the likelihood and impact of cyber risk
Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

If you are interested in transferring part of cyber risk to insurance provider or a provider of cyber risk transfer process you need to register for this conference.

  • Register by 30th September to save $300
  • Register using code RISKTV to save an extra 10 percent
  • Register today via the button below quickly and easily

Click on the button below to register for the International Cyber Risk Management Conference in Bermuda 6th to 7th December 2018

International Cyber Risk Management Conference
Register for the International Cyber Risk Management Conference in Bermuda on 6th to 7th December 2018

Cyber Risks Forum

Business Continuity Management BCM Magazine

Enterprise Risk Resilience Consultants

Risk Academy

BusinessRiskTV Develop new cyber risk management approaches for understanding the likelihood and impact of cyber risk

What do cyber insurance buyers really want

Evolution of Cyber Risk Management Products and Buyers Of Cyber Insurance Buyers

Cyber towers have historically been purchased by large data holders such as FIs Healthcare Retailers and the Hospitality Industry. Today the threat landscape has changed as has our global reliance on technology.

2017 saw large BI losses emanating from cyber events in non traditional cyber classes such as manufacturing transportation and logistics. We have also witnessed the impact of physical losses stemming from cyber and tech. Thus there has been a marked shift in the demographics of cyber purchasers no longer is this a niche product rather a more holistic product designed for a digitally integrated world.

Evolution Cyber Insurance Products
Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Is the industry prepared to respond by moving silent cyber out of the shadows and explicitly embrace embedded cyber in traditional policies? This panel will discuss the evolution of the cyber product including the challenges of creating products that cross into traditional P&C lines it will look to the future as to what is next for this rapidly evolving insurance class and it will examine what insurance buyers are really looking for.

Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Learn more about how cyber insurance is rapidly evolving and how to deploy cyber risk management products better. Find out why you need cyber insurance and what to expect from your purchase.

  • Register before 30th September 2018 to save $300.
  • Use code RISKTV when registering to save an extra 10 percent
  • Book online today via registration button

Register to attend International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Evolution of cyber insurance products and buyers
Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Cyber Risks Forum

Business Continuity Management BCM Magazine

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Risk Academy

BusinessRiskTV What Do Cyber Insurance Buyers Really Want

Cyber Security Implications from Blockchain to Crypto Currencies

International Cyber Risk Management Conference Bermuda Review of Security Implications from Blockchain to Crypto Currencies

Blockchain promises a complete disruption of conventional data processing handling and storage processes. From a cybersecurity perspective it is being touted as a dream come true with powerful cryptographic algorithms and no intermediaries that could leak or compromise data. But like any new technology blockchain presents unknowns and fresh challenges.

Blockchain to Crypto Currencies Cyber Security Implications
Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Governments and regulators including Bermuda are working fast to put in place appropriate legal structures to govern structures such as cyptocurrencies. This panel will explore the opportunities offered by blockchain and the challenges surrounding regulation and security in the cryptocurrency arena with particular reference to Bermuda which is also exploring blockchain platforms for eidentities and land registry.

Register to find out more about security implications at the International Cyber Risk Management Conference Bermuda December 2018

The 2 day conference aims to help you manage cyber risks better.

  • Book your seat today to sharpen the saw of your cyber risk management knowledge
  • Register before 30th September to save $300
  • Register using code RISKTV to secure a further 10% discount

If you are interested in cyber security you should be interested in this conference and should register today to save money.

International Cyber Risk Management Conference Bermuda 6th to 7th December 2018
Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018

Cyber Risks Forum

Understanding Cyber Risk Management Better

Guide To Cyber Risk Management

Financial Services Jobs At Risk Of Automation

Why Business Risk Management Is Important

Business Continuity Management BCM Magazine

Enterprise Risk Resilience Consultants

Risk Academy

BusinessriskTV Cyber Security Implications from Blockchain to Crypto Currencies

Smart Risk Management What Are Regulators Focusing On

Explore cyber risk and global privacy concerns from a regulatory perspective

Join this illustrious panel as they explore cyber risk and global privacy concerns from a regulatory perspective. With the backdrop of GDPR state sponsored attacks and escalating class action D&O and regulatory penalty risk this is a session that captive owners risk managers CISOs and CLOs cannot afford to miss.

Smart Risk Management To Satisfy Financial Services Regulators
Smart Risk Management based on what are regulators focusing on at the International Cyber Risk Management Conference ICRMC Bermuda December 2018

Captive owners risk managers CISOs and CLOs cannot afford to miss

The International Cyber Risk Management Conference in Bermuda is on 6th to 7th December 2018. Book your seat before the 3oth September 2018 for a $300 discount.

When you register for the conference if you use code RISKTV you will receive an extra 10% discount. So book today to avoid paying more.

Register for International Cyber Risk Management Conference Bermuda December 2018
Register for International Cyber Risk Management Conference Bermuda December 2018

Financial Services Industry Risks Forum

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BusinessRiskTV Explore cyber risk and global privacy concerns from a regulatory perspective

Financial Services Jobs At Risk Of Automation

The Bigger Risk To Financial Services Jobs Is Automation Or Robots Not Brexit

Ignore the threat to financial services industry jobs of Brexit. You should be much more worried about the threat of robots. Job automation is the biggest finance sector threat and opportunity.

Financial Services Industry Risks
Financial services industry news headlines risk analysis and financial reports

Job Automation Risk To Your Financial Sector Job

No doubt. Financial services industry is very important to the UK economy. If financial services jobs were lost other sectors would be affected. Fewer services jobs needed to service those in financial services jobs!

Many jobs in financial services are high paid jobs. Top British bankers are paid much more than elsewhere. Resistance to moving to Germany is as much about personal reasons. The UK economy may or may not suffer after Brexit. Bankers will suffer.

However people in financial services are facing automation existential threat. Never mind moving to Germany your job is going full stop!

FinTech company jobs will be prevalent. Bankers less so. Most financial services jobs can be done faster cheaper better. Robots will be

  • less emotional
  • more reliable and
  • after a few years significantly cheaper

How long do you think the C Suite will keep your job. If job automation is better for bonuses your job is toast!

Existing financial services jobs are like UK miners jobs. The buildings will remain but the people in them will be different. Cyber security and fintech risk managers will be plentiful.

  • Banks insurers and funds will need cyber experts. They will stop external and internal threats to money.
  • Fintech risk managers will direct risk appetite and risk tolerance
  • C suite virtual bankers insurers fund managers will be wealthier
  • Wealthier investors but more at risk of systemic industry collapse
  • Software developers will frequent the bars and restaurants. Existing financial services people will be there waiting on tables!

Most existing financial services jobs will be lost to job automation. Do not doubt this for a second!

However it is not all doom and gloom. The key to survive is to move into the new financial services sector jobs. Some new financial services jobs do not exist right now! You must change your skills set to take advantage and survive.

Its not just the top bankers that need worry. Indeed they are the ones most likely to easily morph. Financial services jobs most at risk

  • Mortgage advice
  • Financial and investment advice
  • Insurance advice
  • Any financial services sector job your current phone app replaces!

Consumers have a choice to use financial services apps and websites. In future the consumer will have no choice. Financial services consumers will not speak to people. People will be gone replaced by job automation. The robots will have taken over the financial services world!

There is no point in complaining. No point arguing with us. Better spending your time reskilling instead. Stop worrying about Brexit. Start retraining to overcome threat of job automation. Learn tech skills not German!

BusinessRiskTV Financial Services Jobs At Risk Of Automation

Will you suffer catastrophic loss to disruptive innovation or become a business disruptor yourself

Protect yourself and benefit from innovation driven business growth

The 4th Industrial Revolution is upon us. For some it will be a plague but for others it’ll will be a feast.

Every day you can find multiple great ideas that could potentially disruptive the current way of doing things. My favourites at the moment are flying modes of transport that could easily replace vehicles that have to travel on roads and flying machines that briefly go to space to get to their destination quicker. They may seem like far off technological developments, but the technology works now.   Its flight rules and regulations that will hold them back to protect carmakers and airplane makers not technology risks.

Everyday new innovative ideas and products flood onto the market. For most it will be like Tomorrows World. The innovative ideas will not be sustainable. We want to work with people who want to take over the world in a good way!

Pull in our resources to make innovation-driven business growth more likely to succeed and maximise the return of your investment of time and money.

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If you don’t have time to be innovators you may need to find time to protect against business market disruptors

Fatal existential business decisions are easy to see in hindsight. Foresight consultants can help you take steps to protect yourself from your own poor business decisions.

Anyone can take a wrong turn. If you’re lucky the decision may not be malignant. You might survive to fight another day. On the other hand.

Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.

How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.

The best form of defence is often attack

Being more innovative or creative can be frightening. Picking the wrong horse in a paddock of new opportunities can be very costly. Innovation can also be exciting and highly rewarding.

We aim to make innovation for you more exciting and rewarding as well as reducing the uncertainties that accompany innovation and creativity. Disruptive innovators can draw on our tips advice and support to become more successful with more certainty.

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How To Prepare Your Business For All Risks

BusinessRiskTV can help your business get prepared for the risks that threaten your resilience as well as the opportunities for business growth

Is your business prepared for the risks it faces in future?

Be Prepared For All Business Risks
Get your business ready for anything

Who or what will protect your business in future?

No one person or type of business protection will ensure your resilience and survival but you must at least be very clear how you are manage all business risks.

How well prepared your business will directly correlate with your ability to recover in the event of a major risk event. The lack of a practical plan of recovery could be the difference between business survival and business failure.

Although enterprise risks vary in scope form and size a well thought out business plan tailored to your business, will speed up your business recovery in the event of a disaster physical or reputation threatening.

Do not risk fatally damaging your business and all the investment in your key asset. The most resilient businesses have already thought through all types of risks and have a clear business sustainability plan regardless of the risk occurring.

With each risk your business faces, you need to know how to minimise the downside and maximise the upside outcomes.

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A to Z Guide To Risk Management

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Help to manage corporate business enterprise risks better

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Access help online to understand risk management better and find a practical way to apply it to your business or enterprise.

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Global Economy

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Read global economy articles and watch video updates on global economic news headlines business risk analysis business leader debate and discussion. Entrepreneurs executives and business leaders take part in our strategic growth business forum online events from you phone pc or mobile device.

Inform your business decision-making from expert panel and member discussions and sign up for innovative business development online workshops from anywhere in the world where business innovators operate.

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17th April 2018 Global Economic Growth 3.5 Percent

Institute of International Finance IIF forecasting faster global economic growth. IIF increased global economic growth for 2018 to 3.5 percent. Much of the increase in growth down to USA tax cuts. These will not only power USA growth but global growth.

16th March 2018 Global Growth Strongest In 7 Years

According to the Organisation for Economic Cooperation and Development OECD global economic growth is growing faster than at any other time in last 7 years. It is forecasting economic growth at 3.9 percent for 2018.

Threats to global economic growth include growing trade war between most other countries and USA as well as other geopolitical issues like Russia v EU / UK, North Korea and the ever present tensions in Middle East.

14th March 2018 A Credit Rating Agency Fitch Has Suggested Global Economic Growth Is Strong and Accelerating

Global economic growth is rising faster now than it has for around a decade.

Unemployment is falling, money is still cheap in most parts of the world and corporate investment is strong.

Fitch is forecasting global economic growth of 3.3 percent in 2018 and 3.2 percent in 2019. Last year it was 3.2 percent according to Fitch.

27th February 2018 You Should Be Optimistic About Your Future

Global growth prospects for 2018-19 are improving and accelerating. Most parts of the world are looking to a better 2018 than 2017 in terms of economic growth and 2017 was one of the best year’s for growth in close to a decade.

Not every business will take advantage of increasing global economic growth, just like not all businesses went bust during the financial crisis starting in 2007 to 2008. The rising tide of business opportunities creates the environment for your business to grow much faster in 2018.

Corporate business leaders in UK who look for new business development opportunities will find them.

If you do not think you have time to explore business growth opportunities, you may get the opportunity to reflect at your leisure after your business collapses.   Those companies that fail to grow may find they contract or even fail to survive.

7th February 2018 International Monetary Fund Chief Economist Says Global Economy Growing Faster

The IMF’s chief economist is reported as saying that world economic fundamentals are strong. There is increased trading and more business investment. As a result major economies are the world are growing faster than expected. He sees very broad-based global growth.

2nd February 2018 BusinessRiskTV Forecasts The Economic Forecasts Will Get Global Growth Wrong For 2018

Many economists are forecasting around the 4 percent mark for global economic growth in 2018. BusinessRiskTV forecasts this will underplay the global economic boom that is set to happen in 2018.

If a major global event occurs like World War 111 then growth will be slower but if World War 3 happens we will not care about economic forecasts any longer! Such geopolitical risk events aside we can look around the world and see great news unfolding:

  • America is feeding in huge corporate and personal tax cuts into its economy.   When America grows so does the rest of the world.   In addition, low unemployment and faster wage increases in USA will turbo-charge the USA economy in 2018.
  • Eurozone is experiencing is fastest growth period in around a decade and this will continue, but accelerate in 2018, as people find jobs and property values start to rise making people in the Eurozone feel wealthier.   Manufacturing is returning to countries in Eurozone that may have once have forgotten how to make things.
  • Africa is a sleeping giant that will fail to get its act together in 2018 but will improve on recent economic performance.
  • Asia Pacific is set to expand faster with the likes of India in particular racing ahead.   China will continue to find more and more people jobs in 2018 and will lift more people out of poverty further increasing demand for domestic and international consumption.   Japan will finally put decades of deflation behind it and new technology will begin to overcome demographic time-bomb to the benefit of Japanese economy.
  • The Americas, and Brazil in particular, was once a fast growing area of the globe. South American expenditure will be healthier in 2018 and help develop continental and global growth faster than 2017.
  • The UK is constantly put down by people in the UK but the UK economy will continue to surprise most UK economists trying to subvert Brexit and grow faster than 2 percent in 2018.   Low unemployment, faster wage growth due to skills shortages and rising housing prices will encourage UK consumers to spend more and manufacturing and services sectors will push UK growth faster supported by a return of the construction sector.
  • Middle Eastern countries will benefit from rising oil prices and rebuilding of some physically damaged countries.

We’ll look back on 2018 as the real start of the 4th Industrial Revolution as many new developments will turn into fast growing businesses and global productivity will start to increase overcoming the bad old days of doing business.

8th January 2018 Global Economy Forecasts: Increasingly More Positive Business Outlook

Previously poorly performing eurozone helping to drive more upbeat global economic outlook.

A survey for Sentix index indicated eurozone business leader confidence is at its highest level since August 2007. The global economy in all regions is looking more positive.

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Looking at the global business stories with business risk live TV online.   BusinessRiskTV helps nosiness identify and assess enterprise-wide risk exposure, and then manage it better.

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On our daily blog and vlog we provide live business and lifestyle news coverage of the latest events. Gain risk insight. Develop your business knowledge. Tap into business intelligence including financial markets the global economy and corporate developments.

React to business news and developing corporate issues. Watch business risk analysis from global business experts.

Learn the top things you need to know about your personal finance and corporate financial news. Whats happening in the global economy that can affect your business objectives. Make your life and business decisions easier because you will be more informed.

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Collaborate with business risk experts around the world to manage business risks better. Keep up to date with the latest UK economy news and global economic outlook.

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What Is Risk Management ?

What is risk management in a business context?

Enterprise risk management is the management of the effect uncertainty on business or enterprise objectives. An organisation should create the risk management framework upon which to apply and embed the principles of risk management and the risk assessment process

Effective enterprise risk management ERM should focus on managing risks better, not measuring risks. Many business leaders think they have an effective ERM system of working, but in fact they have a detailed risk assessment process. This may or may not manage risks better.

The process of identifying risks assessing risks and developing strategies to manage risks better

The risk assessment process must factor in the risk perception and risk culture of the organisation. The risk perception of the assessor so can greatly skew the risk assessment process in a direction that results in either too much or too little risks being taking.

Positive Risk Management
Positive Risk Management

Too much financial cost will be incurred controlling risk disproportionately or the opportunity cost of taking too little risk may mean the business fails to grow as fast as it could with existing resources.

The outcomes of business activities and decision-making are uncertain. There is therefore a risk that the decisions taken are good ones or bad ones.

Enterprise risk management ERM is about trying to increase the number of good decisions and reduce the number of bad decisions to make achieving business objectives easier cheaper and more profitably or more efficiently, in the case of not-for-profit organisations.

Identify assess and prioritise action and resources to manage enterprise risks better

Reduce the effect of uncertainty on the objectives you have set for your business or enterprise. Use ERM to pull together your available resources to create a coordinated and cost effective risk management plan.  Use your existing resources to more confidently improve your business performance.

Minimise the threats to your business objectives. Maximise the opportunities open to your business.

  • Learn methods of risk management in business
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  • Discover new risk management echniques

Learn more about risk management

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