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Jul. 16, 2013

MexiPass International Insurance Services, LLC

MexiPass is the leading MGA, Underwriting Manager & Risk Management Solutions provider for risks of American entities in Mexico.


RIMS Benchmark: Total cost of risk up 5 percent in 2012
Business Insurance
The total cost of risk increased 5 percent in 2012, according to the Risk & Insurance Management Society Inc.'s 2013 RIMS Benchmark Survey. The 2012 increase in the total cost of risk is nearly triple the increase seen in 2011, when TCOR increased only 1.7 percent in the annual survey, produced by New York-based Advisen Ltd. "What has been evident is buyers have enjoyed a very favorable environment relative to the cost of risk," said Jim Blinn, executive vice president of Advisen's information and analytics unit and executive editor of the survey. "Last year that started to shift."
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Risk modeling and business continuity: How far to go?
Continuity Central
Fundamental uncertainties derive from our fragmentary understanding of risk and complex system dynamics and interdependencies. Abundant stochastic variation in risk parameters further exacerbates the ability to clearly assess uncertainties. Uncertainty is not just a single dimension, but also surrounds the potential impacts of forces such as globalization and decentralization, effects of movements of global markets and trade regimes, and the effectiveness and utility of risk identification and control measures such as buffering, use of incentives, or strict regulatory approaches.
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2013 trends in backup and disaster recovery solutions for small businesses
Business 2 Community
For small businesses in 2013, downtime is never an option. Disrupting your business operations for even a few hours can cause you to miss important deadlines, delay projects, waste your employees' time, and possibly even lose a significant amount of revenue. For businesses large and small in 2013, it's vitally important they create a backup and disaster recovery plan with the help of their outsourced IT provider or managed service IT provider.
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AIG: Tradewynd Re cat bond advances capital market participation in insurance
American International Group latest catastrophe bond deal, Tradewynd Re Ltd. (Series 2013-1), has now been successfully completed. The insurer recognizes the unique nature of the this cat bond in the market, due to its broad trigger and diverse underlying book of business, and said that with Tradewynd Re it is pleased to further advance capital market participation in insurance risks.
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Digital Reasoning enables financial institutions to proactively address regulatory, reputational risks
Rock Hill Herald Online
Digital Reasoning, the company that enables automated understanding of human communications, is using advanced machine learning technology to help financial institutions analyze human-generated data to identify risks and anticipate suspicious activity that can have a damaging effect on their business. As a result, financial services firms become more proactive about managing their compliance risks; Moving beyond transactional monitoring systems and responding to discovery requests in the context of ongoing investigations.
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Looking for similar articles? Search here, keyword: Regulatory risk.

  Building a Robust ERM Framework

The 3rd ERM for Banks and Financial Institutions Conference will bring together senior level executives from KeyBank, BankUnited, SunTrust, and many more to discuss how to maintain a robust ERM framework under heightening regulatory scrutiny. For information on how to receive a $200 discount, please e-mail Robin Yegelwel at

Warning: A 15 percent drop in US dollar may be coming
The recent dollar rally on expectations that the U.S. Federal Reserve will begin to scale back its massive bond buying program later this year, is headed for a sharp reversal, says this economist. Clifford Bennett, chief economist at Sydney based financial services firm the White Crane Group, said the dollar has been overbought and is due a correction of 15 percent over the next 18 months as the "dollar bubble bursts."
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Online climate risk assessment tool for the Caribbean
Jamaica Observer
The Belize-based Caribbean Community Climate Change Centre recently launched a seminal online support tool in St Lucia in keeping with the thrust to promote a culture of risk management across the region.

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Doing more than paying risk management lip service
While the majority of CISOs may profess a commitment to managing security based on risk management principles, the truth about how they execute on those principles may be a lot more imperfect.

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10 best apps for emergency preparedness
Disaster can strike in an instant. Whether it is weather-related, man-made or because of some other cause, disasters often occur with little or no warning. That's why creating and implementing an emergency-preparedness plan could mean the difference between saving your business and losing it all.

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Emerging market rout offers bargains
The Wall Street Journal
The recent rout in emerging markets is enticing some investors to jump back in to search for cheap stocks, bonds and currencies. But the selloff is prompting these bargain hunters to be a lot pickier than in the past.
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Reduce risks with technology
Supply Chain Digital
Every business leader wants to maximize their revenue and profitability and reduce their risks. Some of the leading Fortune 100 companies excel at identifying risks to their supply chains and have strong mitigation strategies in place to offset the negative effects. Intelligent use of data from your supply chain, in combination with external market information, can considerably advance your business' ability to plan for and mitigate market and pricing volatility that may come your way, especially in the current unstable global economic climate.
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Missed last week's issue? See which articles your colleagues read most.

    10 best apps for emergency preparedness (CropLife)
The emerging risks of the world we live in (Actuarial Post)
Why you need to develop a business continuity plan (The Globe and Mail)
Social media risk management for board directors (Grant Thornton)
How to get sued by your employees (Small Business Trends)

Don't be left behind. Click here to see what else you missed.

Why workers' rights are an Internet freedom issue
New America Media
Federal law protects employees' rights to discuss workplace issues — even when those discussions are critical of an employer. In recent years, the National Labor Relations Board has made several rulings to ensure federal law also protects discussions that take place online. "Many view social media as the new water cooler," NLRB Chairman Mark G. Pearce told the New York Times earlier this year. "All we're doing is applying traditional rules to a new technology." But the agency's ability to protect the free speech rights of more than 80 million private-sector workers may be in jeopardy if the Senate doesn't act to approve pending nominations to the NLRB.
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Corporate ethics education yields rewards
National Defense Magazine
On the surface, one might think that investing in key business activities such as accelerating technology development or strengthening workforce talent may represent higher priorities and offer greater returns than investing in ethics. Then again, these investments are hardly mutually exclusive priorities. The risks of not investing in an ethical culture become far greater when considering the possible negative outcomes for customers, shareholders and for other stakeholders should an organization fail to operate ethically.
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Colby Horton, Vice President of Publishing, 469.420.2601
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