Treefrog Consulting Announces New Services
Treefrog Consulting announced “new services specifically designed to help organizations in the Insurance, Reinsurance, and ILS sector meet Bermuda Monetary Authority’s [BMA] new Insurance and Cyber Codes of Conduct regulations coming into effect on September 1, 2023.”
A spokesperson said, “The BMA regulations necessitate the implementation of an effective Risk Management Framework [RMF], aimed at improving governance, risk management, and demonstrating adherence to industry best practices. Given the complexity of the RMF, which includes control frameworks, policies, checklists, procedures, and guidelines, many companies, particularly smaller ones, might struggle to meet the BMA’s requirements.
“Recognizing this potential challenge, Treefrog Consulting offers a comprehensive solution that can assist companies in identifying their unique risk profiles, implementing appropriate control frameworks, and developing requisite policies, procedures, and guidelines. Treefrog’s team of experts leverage their extensive experience to craft effective controls and policies in a cost-efficient and time-efficient manner.”
“Don’t wait until the last minute to start preparing for BMA compliance. Implementing an effective RMF is a fundamental step in mitigating risk and ensuring compliance with the new regulations,” advised Dmitry Mnushkin, Treefrog’s President. “We work with our customers to right-size their policies, keeping costs low and delivering on a tight deadline.”
The spokesperson said, “In addition to helping organizations establish the RMF, Treefrog Consulting also provides ongoing monitoring and review services, ensuring that the established frameworks remain current and effective in a dynamic regulatory environment.
“Organizations interested in navigating the RMF implementation process and achieving BMA compliance are encouraged to reach out to Treefrog Consulting today to learn more about their offerings. For more information, visit their website at www.treefrogconsulting.com or email info@treefrogconsulting.com.”
