360factor Blog
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
As we enter 2024, the adoption of AI in the insurance industry is not just a buzzword but a transformative force reshaping the sector. Integrating AI technologies in insurance operations revolutionizes various services, from risk a...
6 Major Elements to Focus on for Building an Excellent Compliance Management Framework
The 2024 landscape of financial regulation and compliance management presents complicated and ever-evolving challenges for financial institutions. With fast-paced technological advancements and dynamic regulatory environments, the ...
Elevate Your Bank’s Compliance Management Process with 6 Strategic Moves in 2024
The year 2024 will be pivotal for banks and financial institutions, where the compliance management process is expected to become more than just a regulatory formality—and evolve into a strategic imperative. Compliance management...
5 Key Challenges Affecting Third Party Risk Management Systems and Their Solutions Set
In the current era, business ecosystems are becoming progressively interdependent, and as a result, third party risk management (TPRM) systems have become paramount in corporate strategy. When a business outsources part of its proces...
Exploring Risk Management Trends to Impact the Insurance Sector
The insurance industry, renowned for its adaptability, has undergone a wide array of changes in recent years. The world has been shaped by macroeconomic shifts, emerging risks, and innovative business models. To succeed and thrive, i...
A Strategy for Navigating Fraud Risks and Building Resilience in the Insurance Sector
The insurance sector plays a pivotal role in safeguarding individuals and businesses against various risks, providing financial protection and peace of mind. However, like any industry, the insurance sector is not immune to risks, an...