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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. This post summarizes the highlights from this meeting in addition to interim meetings that were held during July in lieu of taking place during the Summer Meeting.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. As a result of the COVID-19 pandemic, the NAIC held the Summer Meeting in a virtual format, with conference calls taking place over a three-week period.

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The Value of Data Governance and How to Quantify It

erwin

With automation, data professionals can meet the above needs at a fraction of the cost of the traditional, manual way. For example, one global pharmaceutical giant reduced cost by 70 percent and generated 95 percent of production code with “zero touch.” Risk Management and Regulatory Compliance. Strengthen data security.

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Optimizing clinical trial site performance: A focus on three AI capabilities

IBM Big Data Hub

Despite advancements in the pharmaceutical industry and biomedical research, delivering drugs to market is still a complex process with tremendous opportunity for improvement. The ability to seize these advantages is one way that pharmaceutical companies may be able to gain sizable competitive edge.

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Takeaways from Forrester’s Latest Report on Enterprise Architecture Management Suites

erwin

The report notes six primary EA competencies in which we excel in the large vendor category: modeling, strategy translation, risk management, financial management, insights and change management. They’re looking for product management, dev/ops, security modeling, personas and portfolio management all to be part of an integrated EA platform.

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European Commission proposes reinforcement of EU Cybersecurity rules

DLA Piper Privacy Matters

On 16 December 2020, the European Commission adopted a proposal for a Directive on measures for a high common level of cybersecurity across the Union (“NIS II Directive”) that revises the current Directive on Security of Network and Information Systems (“NIS Directive”). Cybersecurity risk management and reporting obligations.

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Data breaches: the financial cost of poor planning

IT Governance

This reflects recent figures , suggesting that NotPetya, a 2017 ransomware attack that hit organisations across the globe, cost pharmaceutical giant Merck $135 million in lost sales in the first three months after the attack. The average total cost for organisations that lost less than 1% of their existing customers was $2.8 Pecuniary fines.