Insurance: Risk Factors and Mitigation
Description
A deep understanding of major risks (financial, operational, cyber, reputational, climate, regulatory) in insurance and the design of mitigation strategies, controls, and technology solutions.
Learning Objectives
IT professionals will identify, assess, and design technology-backed mitigation strategies for all key risk factors impacting insurance entities.
Topics (6)
Interest rate risk, equity, currency, credit risk, stress testing, VaR, scenario simulation.
Process breakdowns, errors, fraud, theft, employee controls, technology audits, AI/analytics detection.
Cyber attack vectors, defense in depth, SIEM, DLP, regulatory compliance (GDPR, CCPA, IRDAI), cyber insurance.
Natural disasters, climate models, catastrophe modeling, risk pooling, reinsurance, and technology-driven risk assessment.
Social media monitoring, customer feedback, crisis management, PR, and technology-enabled reputation mitigation.
Automated compliance, reporting, regulatory response planning, ongoing monitoring and audit trail management.