The Indian Hotels Company (IHCL) has been recognized as a leader in risk management, receiving the Master of Risk award for Brand & Social Media Risk Management at the 2024 India Risk Management Awards. This award highlights IHCL’s commitment to navigating the complexities of the modern business environment and its dedication to sustainable growth and resilience.
In a recent conversation, Anirban Chowdhury and Shilpy Sinha delved into the transformative role of artificial intelligence (AI) in the field of finance. They emphasized the potential of AI to enhance decision-making, improve operational efficiency, and personalize financial services. Chowdhury highlighted the use of AI in risk management, fraud detection, and algorithmic trading, while Sinha discussed its application in wealth management, customer service, and financial planning.
The global reinsurance market is projected to grow at a compound annual growth rate (CAGR) of 10.26% from 2023 to 2027, according to research firm Technavio. The market is driven by factors such as the increasing frequency and severity of natural disasters, the growing demand for insurance coverage in emerging markets, and the adoption of advanced technologies such as artificial intelligence and machine learning. The reinsurance market plays a crucial role in the risk management landscape, enabling insurers to offer comprehensive insurance policies to their clients.
As thousands of outdoor events take place across the country, event planners have access to increasingly sophisticated resources to address extreme weather risks, such as heat, rain, and flash flooding. With the frequency and intensity of severe weather events on the rise, organizers are utilizing weather technologies, risk communicators, and communication plans to minimize risks and ensure public safety.
India’s central bank, the Reserve Bank of India (RBI), has imposed restrictions on Kotak Mahindra Bank due to severe deficiencies in its IT systems and risk management practices. The bank has been ordered to halt onboarding new customers through online and mobile channels and cease issuing fresh credit cards. This action comes after extensive scrutiny and discussions with the RBI over the past two years, during which the bank failed to adequately address the concerns raised.
Tactical macroeconomic investing relies heavily on interpreting economic data to make informed investment decisions. This approach involves monitoring and analyzing various economic indicators to gauge the health and direction of the economy. One key challenge in this field is understanding and utilizing economic data to make strategic asset allocation choices.
The role of the Chief Information Security Officer (CISO) has evolved beyond ensuring compliance to providing risk-based assessments and mitigation options to the board of directors. To effectively counsel the board, CISOs must translate data into real business risk, assess risk through a board perspective with data-driven evidence, put risk in the context of business objectives, and make actionable recommendations that move the needle. This enhanced CISO-board relationship fosters a comprehensive understanding of risks, enabling organizations to successfully navigate the evolving threat landscape in the context of business objectives.
As artificial intelligence (AI) continues to advance rapidly, it has become imperative to establish robust mechanisms for reviewing and managing the emerging risks associated with its diverse applications. This article explores the historical evolution of AI modeling, highlights its widespread impacts across various sectors, examines existing regulations and initiatives for ensuring responsible use, and emphasizes the importance of effective model review practices. By fostering a culture of responsible innovation, organizations can harness the transformative power of AI while mitigating potential risks to individuals, society, and the environment.
USDCAD has retreated from the one-year range top, offering better risk-to-reward setups for both buyers and sellers. Buyers may target 1.3620, while sellers aim for 1.3225. On the 4-hour chart, a bearish setup has formed with a downward trendline and 21-EMA, suggesting a drop to 1.3620. The 1-hour chart aligns with the bearish outlook, with Fibonacci levels supporting the downtrend. Key economic data releases this week include US Flash PMIs, Canadian Retail Sales, US Jobless Claims, and US PCE report.
