Life Insurers: Moving from Automation to Data Analysis
Inflection point In the first article of this series (“The Rise of Life Insurance Digitization”), we discussed the immense impact of COVID-19 on the life insurance industry. As “normal” life began to rapidly change, so did the life insurance industry instituting higher payouts, increased automation, automated underwriting, and existing in a world of volatile interest […]
The Rise of Life Insurance Digitization
A Very Bad Time The COVID-19 pandemic tremendously affected many industries including life insurance. The most obvious change was the increase in payouts as millions of people died from the Coronavirus. In 2020, life insurance companies paid out $90B to insurance beneficiaries making it the highest amount recorded for a single year. The $90B represented […]
Improve Your Cloud Security with IAM
Cloud Adoption is a strategic imperative for any company seeking to thrive and grow in our increasingly digitized world. Yet, moving to the cloud without a solid strategy and governance plan in place can quite quickly eliminate any cost savings and efficiencies a company hoped to gain through its transformation. For example, a data breach […]
Increase Cloud Adoption, Security, and Efficiency With Infinitive’s Cloud Health Check
https://youtu.be/wOb1-7jt7E0 It’s never too late, or too early, to analyze your cloud program. At Infinitive, we strongly believe it’s worth taking a few weeks to dig into your cloud needs, whether you’re in the planning stages or have been using the cloud for years. A good assessment will help you discover ways to increase your […]
5 Enterprise Cloud Security Governance Problems and How to Address Them
https://vimeo.com/539886036 By now, most companies understand the benefits of moving data and applications to the cloud—even if they haven’t made the move yet. They’re likely also aware of the concerns; for example, a 2020 McAfee study showed that external attacks on cloud accounts increased 630 percent in the first quarter of that year. These attacks […]
Top 5 Priorities for First- and Second-Line Risk Managers
https://vimeo.com/497440921/8b9e80e6bd Risk is a given in any business; it’s how companies view it that matters. Those that don’t shy away from focusing on risk can meet challenges head on, prepare for future potential issues, and enhance business processes. The three lines of defense model for approaching risk includes frontline managers who manage risk on a […]
Common Questions about Moving to the Cloud
https://vimeo.com/418739464/26ec2a8324 Moving to a cloud-based environment is becoming an inevitable path for organizations today. Just as no two organizations are the same, journeys and utilization of the cloud will differ greatly. Infinitive CEO Denis McFarlane sits down with Brian Gomolka, financial services industry lead, and Glenn Facey, financial services market lead, to discuss their experience […]
Centralized vs. Federated Digital Transformations: Which Approach Will You Choose?
https://vimeo.com/402767534/37b078e2fa Undertaking a digital transformation means more than just moving data and applications to the cloud. Done well, a digital transformation lets your company do more, such as automate key processes, enable machine learning, and execute a strategy to leverage data for innovation. We’ve guided many clients through digital transformations, and one of the fundamental […]
3 Things Every Organization Should Do to Prevent Data Breaches
https://vimeo.com/400267935/1356a249a0News reports of data breaches feel common these days. Banks, corporations, and even the federal government have been victims of hackers due to firewall vulnerabilities or simply not knowing how much and where their sensitive data is stored. While many businesses have a plan in place to deal with security failures, it’s wise to think […]
Complying With CCAR and DFAST Federal Regulations
Challenge A U.S. bank holding company need to comply with the Federal Reserve Bank’s Comprehensive Capital Analysis and Review (CCAR) process and the Dodd-Frank Act’s Annual Stress Test (DFAST) for this client was unmanageable due to its numerous and individually managed risk management offices across the enterprise. Solution Mobilized a team to rapidly implement a […]
