Transform Emerging Risks into Opportunities with a Modern PAS May 28, 2025 By Origami Risk If you work in insurance, you’ve probably spent a few nights worrying about the “big one.” The “big one” could be any loss scenario — a hurricane, a cyberattack, or a nuclear verdict — that would overwhelm your staffing and financial reserves, raise questions about your underwriting and rating, and create anxiety about your company’s … Continued
Modernizing Healthcare IT: Strategies to Overcome Technical Debt May 28, 2025 By Origami Risk Today’s healthcare IT teams are tasked with maintaining a complex web of disconnected systems that drain resources, limit visibility, and slow organizational progress. Over the past decade, healthcare organizations have built their technology ecosystems out of necessity, adopting point solutions to manage event reports, patient safety documentation, compliance tracking, and other critical functions. This reactive … Continued
Provision 29 Heralds New Era for Proactive Strategic Reporting May 27, 2025 By Origami Risk The increasingly important role of risk management will be enshrined in new regulation next year, with changes to the UK Corporate Governance Code heralding a shift towards more sophisticated, proactive, board-level insights around risk and controls, as Steve Cloutman explains. These are undoubtedly challenging times, with economic and political uncertainty highlighting the increasingly important role … Continued
92 Tools in One Day? How Integration and Automation Can Transform Underwriting May 21, 2025 By Origami Risk Underwriting can often be a time-consuming task — but not for the reasons you might expect. Yes, many risks are complex. They may be fraught with long loss histories, complicated by multiple insureds, and vulnerable to evolving perils. But for the typical submission, the challenge for many underwriters goes beyond evaluating the risk. It’s … Continued
AI and the Importance of Data Quality April 20, 2025 By adrian Understanding the types of data you have is a crucial step when preparing to incorporate AI into your business processes. This process involves data discovery, assessment, and categorization, and it lays the foundation for building effective AI models and systems. The use cases for artificial intelligence (AI) in insurance are strong, but the barriers to … Continued
AI in Risk and Insurance: Is It Worth the Hype? January 19, 2025 By adrian AI is a powerful technology with the potential to optimize your organization’s automation, efficiency, insights, and resources. It is not to be taken lightly, though. Successful AI implementation requires a commitment to thoughtful and intentional usage. We’re in the midst of an AI gold rush. Business sectors around the world are looking for an AI-fueled … Continued
How AI Helps Organizations Across the Insurance Ecosystem January 19, 2025 By adrian To benefit from the analytical insights made possible by AI integrations, insurers must first evaluate the technologies they have in place or the degree to which those technologies integrate with one another. Flexible, modern core systems, on the other hand, enable insurers to access their data in real time. They can also be integrated with … Continued
CMS PSSM Requirements Start Now: Your First 90 Days of 2025 January 17, 2025 By Origami Risk The word “overwhelming” dominated the feedback in the CMS webinar first announcing the Patient Safety Structural Measure (PSSM) requirements. For many healthcare organizations, the timeline feels ambitious, especially given the measure’s comprehensive scope across five domains of patient safety. Yet beneath that initial apprehension lies a more encouraging reality. As Dr. Michelle Schreiber of CMS … Continued
Tech-Driven Risk Matrices: Turning Challenges into Opportunities January 10, 2025 By Origami Risk Risk management is a critical aspect of organizational strategy, ensuring that potential threats are identified, assessed, and mitigated to protect and enhance value. Effective risk management helps organizations navigate uncertainties, safeguard assets, and achieve their strategic objectives. Among the various tools and frameworks available, the COSO Framework and risk matrices are widely used for their … Continued
Understanding Total Cost of Risk (TCOR) and Its Strategic Importance December 18, 2024 By Origami Risk Organizations are constantly seeking ways to manage risk and minimize losses. One important tool in this effort is the concept of Total Cost of Risk (TCOR). Measuring TCOR has been around for many years but by using TCOR as a strategic tool, organizations can gain a clearer picture of their overall risk exposure, make better … Continued