The US Treasury Department’s anti-money laundering unit recently issued a final rule that reveals which types of legal entities will be required to report information on their true, or “beneficial” ownership to Treasury The final rule is an attempt by the US government to lift the veil of anonymity offered by shell companies that has … Read more
Third-Party Vendor Risk Management (VRM) and KYC should be a critical component of any Captive Insurance Company’s overall risk management program. Captive insurers rely heavily on vendors for various functions, including technology solutions, actuarial services, and claims processing, etc. So, it is critical for those Captive Insurance companies to manage their third-party vendor risks to … Read more
Investing In Better IT Security to Protect Against Cyber-Attacks Will Make Organizations More Resilient Against Other Risks Including Third-Party Vendor Risk In 2023, companies in all market segments are now faced with the possibility of finding that they are unable to obtain a cyber security insurance policy since the volatility of cyber-attacks reaches new levels. … Read more
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