The recent invasion of Ukraine by Russia has almost certainly escalated the risk of cyberattacks on U.S. financial institutions. On February 17, government officials from the White House, Treasury Department, U.S. Cybersecurity and Infrastructure Security Agency (CISA), and FBI met with executives from leading U.S.
On Tuesday, February 15, Aite-Novarica Group hosted the second quarterly meeting of our Financial Services CIO/CTO Advisory Research Council. Several financial services executives came together to discuss trends and challenges around core system modernization, return to office, and the war for talent.
During the pandemic, Aite-Novarica Group has been very involved in discussions as companies contend with workforce strategies to address topics such as remote work, hybrid work, “work from anywhere,” and other challenges. Typically, our view is strategic and from a broad organizational perspective. However, in this blog I will be delving into a specific discipline where the problem is especially acute.
The reinsurance business faces multiple challenges. Years of soft market conditions followed by sudden, sharp hardening periods; tremendous losses from man-made and natural catastrophes; and open-ended liabilities (e.g., asbestos, terrorism) are putting intense pressure on reinsurers.
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