Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The increasing adoption of agentic AI—systems capable of making decisions and performing tasks with minimal human intervention—is prompting organizations to strengthen governance and risk management frameworks. As businesses deploy more autonomous AI solutions, concerns are growing around accountability, transparency, security, Read More …
Artificial intelligence is rapidly transforming business operations, but it is also creating a new and complex landscape of liability risks. What was once considered a future challenge has now become an immediate concern for organizations, insurers, and risk managers worldwide. Read More …
The modern digital banking ecosystem has expanded far beyond the traditional boundaries of internal IT parameters. With financial institutions increasingly relying on complex cloud architecture, core banking application programming interfaces (APIs), and third party FinTech vendor pipelines, the corporate threat Read More …
Banks and financial institutions increasingly rely on AI solutions from third-party vendors and FinTech partners. These collaborations enhance innovation and operational efficiency but also introduce operational, compliance, and reputational risks. Mismanaged AI systems can lead to failures, regulatory breaches, and Read More …
Financial institutions are increasingly re-evaluating the economics of model risk management as Artificial Intelligence, machine learning and advanced analytics become more deeply integrated into banking, insurance and financial services operations. Industry experts note that financial organisations now rely on a Read More …
Chief Risk Officers (CROs) in the insurance sector are increasingly being expected to play a broader strategic role as insurers navigate evolving economic, technological, regulatory, and operational challenges. Industry experts believe insurance CROs in 2026 will need to move beyond Read More …
The Australian Prudential Regulation Authority (APRA) has called for a significant improvement in artificial intelligence risk management practices across the financial sector, highlighting growing concerns around governance, accountability, and operational resilience as AI adoption accelerates. APRA noted that banks, insurers, Read More …
Insurance companies in South Korea are actively strengthening their capital management strategies as they navigate growing financial market volatility and tightening regulatory expectations. The move reflects a broader effort within the industry to enhance financial resilience while adapting to evolving Read More …
Financial regulators are undertaking a significant overhaul of model risk management (MRM) frameworks, reflecting the growing reliance on complex models and artificial intelligence (AI) in decision-making processes. According to the report, the updated regulatory focus aims to strengthen governance, validation, Read More …
The global market for AI model risk management is witnessing rapid expansion, with projections indicating a year-on-year growth of $1.16 billion in 2026. The surge reflects increasing adoption of artificial intelligence across industries and the growing need to manage associated Read More …