Banks, insurers, fraud detection and fintech.
Related topics: Regulation & PolicyCybersecurityGovernance & Risk ManagementChatbots & LLMsMarkets & InvestmentHallucinations & FabricationGovernment & Public SectorAI Agents & Automation
Insurance Business America As Miller shares, Surex uses AI to analyze and learn from “closing rates” and other data to determine what types ofrisksinsurance carriers want to …
Polly Tsang discusses some of the ethical issues of deploying AI in the insurance industry that emerged from a recent ICAEW round table around the …
S&P Global The European Systemic Risk Board (ESRB) convened a panel of experts on AI and systemicrisks, including a representative from S&P Global Ratings, …
The World Economic Forum Retaining trustworthiness in media and finance. One sector where questions of governance and managing AI riskshas become most visible is the media …
The Fintech Open Source Foundation, which now includes Nvidia and Moody's, outlined LLMrisksand control measures to guide deployment in the industry …
Insurance Journal While we're still evaluating all therisksassociated with generative AI, we've identified several high-riskcategories that bear close attention for …
The use of AI models in the insurance sector raises significant concerns, according to Nikil Rathi, Chief Executive of the Financial Conduct…
Yahoo FinanceAUSTIN, Texas, October 03, 2024--As climate change intensifies, businesses across the U.S. are grappling with unprecedentedrisks, …
Whether it's automated claims, assessingrisk, personalization of products and services, or fighting cybercrime, insurance organizations are …
Business Wire As climate change intensifies, businesses across the U.S. are grappling with unprecedentedrisks, particularly power outages, that collectively …
Bird & Bird Issues such as data bias, model explainability, cyberrisks, and operational resilience have led UK regulators (such as the FCA and PRA) to closely …
Regulation & PolicyBanking & FinanceBias & FairnessCybersecurity
Risk & Insurance Dr. Alchemy has performed and reviewed over 10,000 cases (and counting). Topics:Artificial Intelligence|Risk Insider | Workers' Comp | Workers' …
Navigating Market Trends and Risks: Leveraging Generative AI... October 1, 2024. Geopolitical Riskand Default Riskof Global Systemically …
Insurance Business America How gen AI is augmenting cyber attacks · Adopting AI tools also comes with cyberrisk …
More leadership moves · The interim CEO of Baltimore County's Securityplus Federal Credit Union launched a company, called Vero Terra, that uses AI to …
A new parametric insurance platform, Adaptive Insurance, powered byartificial intelligence(AI) has launched with a mission to change how …
StrategicRISKPhilippe Cotelle, head of insurance risk management at Airbus Defence & Space and chair of FERMA's digital committee says that while AI risksmust …
Governance & Risk ManagementMilitary & DefenseBanking & Finance
In this Help Net Security interview, Andrius Popovas, Chief Risk Officer at Mano Bank, discusses the most prevalentAI-driven fraud schemes, …
Total Retail GenAIIntroduces New Fraud Risks. Less than two years after OpenAIintroduced ChatGPT and unleashed a generativeartificial intelligenceboom …
Yahoo FinanceSAN JOSE, Calif., October 02, 2024--Metric Stream customers embraceAI-powered connected GRC to address evolvingrisks, resilience, and regulatory …
Yahoo Finance Both organic development and recent dual acquisitions bolster interconnectedriskmanagement, adding rapid, coordinated incident response and …
Yahoo FinanceHELSINKI, October 02, 2024--Saidot, a leader in AI governance, is rallying leaders worldwide to confront the hiddenrisksof AI and push for a …
Banking regulatory saysrisksrelated to AI are among the topthreatsthe financial system now faces …
Artificial Intelligencehas been in use for a long time in specific areas ofriskassessment and mitigation such as creditriskmodelling, fraud & …
Risksrelated to AI and operational resilience are among the topthreats Canada's financial system now faces, OSFI says. Find out more …
Artificial intelligencein Insurance: Creditriskanalysis models. Data Insights. The gold standard of business intelligence. Find out more. The same …
...AI risks— rather than hypothetical ones — including those around deepfakes, and misinformation. While California's leadership on AI regulation is …
Banking & FinanceDeepfakes & Synthetic MediaMisinformationRegulation & Policy
Goodwin For example,AI in credit underwriting can help improve creditriskassessments and provide new means for extending credit to applicants who would not …
According to Santenac: “It can help the underwriter to better price theriskand to save time. We see it in claims handling, with being able to detect …
Financial Planning Agencies including FINRA and the SEC are looking at newrisksposed in common use cases ofAI— meeting dictation services, chatbots and using …