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
Senior management in most organizations in varied market segments recognize they are becoming increasingly reliant on third-party vendors to support critical business functions, but with the providing access to a business’s internal networks comes cyber risks and data breach threats. It is estimated that more than 50% of businesses using third-party vendors have experienced a … Read more
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