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Should travel insurers reimburse holidays?

Did your travel insurer offer to pay you to cancel your holiday? As a minimum, travel insurers should inform their customers whether they are covered in an event of a lockdown. We are a little surprised that travel insurance companies ...
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oprisk-framework-Covi Analytics

Simplifying Op-Risk Frameworks

Why aren’t Op-Risk Frameworks simply – Know your ops (Controls), Test your Ops (Controls self-assessment) and Fix your ops (based on risk incidents). We have often seen risk teams describe Op Risk Frameworks with lots of flow charts, decision trees, ...
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Rollout Controls in Clicks not Months

Taking weeks and months to roll out a control across the group? Here is how you can do it in just a few clicks with CoVi Analytics! Got cross border operations and want to achieve operational efficiencies? MGAs with Appointed Representatives ...
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SMCR is about the Who

SMCR is about the WHO?

At its heart, the Senior Managers Regime (SMCR) is about identifying the WHO for responsibilities … get that right and the rest falls in place. If you are an intermediary and recently threw the kitchen sink at the SMCR to ...
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Is your Board Outward Looking

What is the key activity of a Board? If you are thinking Strategy; that’s an output, not an activity. Be outward-looking for two things – opportunities and threats. In Risk Speak, this translates to consideration of: #EmergingRisks¬†– things on the ...
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CoVi Analytics - Managing Group policies across all jurisdictions centrally.

Adopt & Adapt group policies locally with minimal effort

Ensuring consistency in cross-jurisdictional operations, while still catering for local nuances is the biggest challenge for Group Ops (COOs) teams. We recently demonstrated to a North American insurance group how their group policies can be quickly adapted or adopted across ...
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CoVi Analytics - Financial Regulations ensuring firms keep their promises.

Financial Regulation; ensuring firms keep their promises.

Banks, Insurers, Brokers, Asset managers are all in the business of selling promises. Money today for an outcome tomorrow. Financial Regulation is all about making sure that these financial firms keep their promises. The bigger the promise the more the ...
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Freedom from Compliance Manuals

“Call it a Compliance Manual and no one will read” … why do we call such an important set of instructions, such a discouraging name? “If you build it, he will come”, often misquoted as “they will come”, was the ...