Prewave’s Post

Latest FCA Business Plan - strong Risk and Resilience theme.

Our Credit Solutions Market Insights Report helps Finance decision makers navigate credit risks and credit insurance market dynamics. Read our first edition in 2024 which considers the evolution of the credit insurance market and highlights some of the key trends for 2024 to help business leaders make better decisions for sustainable growth. Access our H1 report to discover: • Trade under turbulence • Credit insurance market overview • Underwriting, claims and credit limits trends • Spotlight on our Credit Solutions Conference 2024 Download it here: https://aon.io/4akt4cw #Aon #betterdecisions #creditrisk #capitaloptimization

Our Credit Solutions Market Insights Report helps Finance decision makers navigate credit risks and credit insurance market dynamics. Read our first edition in 2024 which considers the evolution of the credit insurance market and highlights some of the key trends for 2024 to help business leaders make better decisions for sustainable growth. Access our H1 report to discover: • Trade under turbulence • Credit insurance market overview • Underwriting, claims and credit limits trends • Spotlight on our Credit Solutions Conference 2024 Download it here: https://aon.io/4e5Lcdm Olga Glazko #Aon #BetterDecisions #CreditRisk #CapitalOptimization

Navigating the complexities of business risk requires a deep understanding of the evolving economic environment. Trade credit insurance, for example, is often overlooked but can be a critical safety net for companies dealing with uncertain payment terms and fluctuating market conditions. It protects businesses against non-payment and insolvency risks, offering a layer of security in challenging economic times. Understanding how this form of risk mitigation works can empower businesses to maintain cash flow and build stronger partnerships. By proactively managing credit risk, businesses can safeguard their financial stability while continuing to grow confidently. Have you considered the role trade credit insurance can play in your risk management strategy? #RiskManagement #BusinessResilience #TradeCreditInsurance #FinancialStability #BCSBrokingInsights

There is no doubt the Third Party Risk Management space has grown exponentially over the last 5-6 years. With this in mind, I have noticed a real demand in the TPRM market in recent few weeks with a number of my FS clients briefing me on middle-management TPRM roles. But what are the main principles that should be stuck to as a TPRM professional? This article, produced by US-based FS firm, Unit, is an interesting read which outlines said principles, as well as the importance & rise of TPRM. https://lnkd.in/gdp6sCXv If you are a TPRM professional considering your next role, then feel free to drop me a message or email me your cv to [email protected] #TPRM #ThirdPartyRisk #ThirdPartyRiskManagement #DORA

Mark Hannam from our Operational Risk Solutions team provides an overview on how financial institutions can offset capital in the form of investment of insurance to their capital frameworks. Watch here: https://ow.ly/iany50T1Yep #OperationalRisk #CapitalRelief #Consulting #ASmarterWayToRisk

The significance of risk profiling trade debtors in January 2025 cannot be emphasized enough. Prioritizing this practice offers several crucial benefits for companies: 💲 Optimizing Cash Flow Management: By evaluating the risk associated with each debtor, companies can enhance cash flow forecasting, plan for contingencies, and ensure liquidity to meet financial commitments. 🧰 Identifying Potential Payment Issues: Regular risk profiling enables the early detection of patterns indicating payment delays or defaults, allowing for proactive risk mitigation strategies. ✳️ Resource Allocation: Understanding debtor risk profiles facilitates efficient resource allocation. Companies can concentrate collection efforts on high-risk debtors while maintaining standard procedures for low-risk ones. 👨🎓 Compliance and Regulatory Requirements: Regular risk assessments ensure adherence to credit risk management regulations and industry standards, enhancing overall compliance. 🤖 Strategic Decision Making: Clear debtor risk profiles provide valuable insights for strategic decisions such as extending credit terms or taking legal action for recovery purposes. By conducting these assessments annually, companies empower themselves to proactively manage risks, safeguard financial well-being, and make informed strategic choices. #RiskManagement #FinancialHealth #CashFlow #TradeDebtors #DigitalTransformation #DataInsights #CreditManagement #ScoringAnalytics #BusinessGrowth #RevenueGrowth #ImprovedNAV #StrongBalancesheet #StrategicAdvantage #ImprovedRiskProfile #FundingGrowth #TradeCreditSolutions #CreditBureau #TradeFinance

I've always been interested in the point at which financial institutions choose to integrate insurance within their capital frameworks. Whist the process is grounded in internal models, data, and financials, it's intriguing how the decision-making is often influenced by the intangible elements of an organisation's culture and strategy. After a conversation with Mark Hannam , it's clear that many global banks believe now is the opportune time to make this strategic move.

In the complex and dynamic financial landscape, risk management is paramount. A key strategy employed by banks and insurance companies to navigate this terrain is the Risk-Based Approach (RBA). This methodology involves identifying, assessing, understanding, and addressing risks in a proportionate manner.

Many businesses view compliance as a necessary expense, but it can actually drive significant value. By embedding compliance into operations, aligning it with business goals, and highlighting its role in risk management, companies can transform their compliance functions into strategic assets. https://ow.ly/cHcl50Tk6GX