EY Outlines Three Key Strategic Actions for Insurance CROs in 2026

A new report by EY highlights three strategic priorities that Chief Risk Officers (CROs) in the insurance industry should focus on in 2026 to strengthen risk resilience and support business performance in a transforming market. First, the report stresses the Read More …

Why AI Is Risky in Supply Chains Despite Its Popularity in Everyday Life

Artificial intelligence (AI) is increasingly transforming supply chain operations, offering efficiency, predictive analytics, and automation. However, experts caution that while AI feels intuitive and fun in everyday applications, its adoption in supply chains introduces operational, strategic, and ethical risks. AI-driven Read More …

AI Reshapes Risk and Customer Strategy Across India’s Banking and Insurance Sector

India’s banking and insurance sectors are increasingly leveraging artificial intelligence (AI) to transform how they manage risk, generate revenue, and engage with customers. Financial institutions are deploying AI-driven tools across credit underwriting, fraud detection, claims processing, and customer service functions. Read More …

Anthropic Restrictions Spotlight Growing Risks of Dependence on AI Platforms

Recent restrictions imposed by AI company Anthropic have drawn attention to a growing business risk: excessive dependence on third-party artificial intelligence platforms. As organizations increasingly integrate AI into critical operations, sudden changes in access, pricing, usage policies, or service availability Read More …

Third-Party AI Risk: How to Audit FinTech Partners and AI Vendors

Third-Party AI Risk:

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 …

Reflection from The Risk Management Lens

Beyond Seaworthiness: Vessel Size, Port Preparedness and Emerging Marine Risks On 26 March 2024, the 984-foot-long Singapore-flagged containership Dali – lost electrical power, propulsion, and steering while departing Baltimore Harbour and struck a support pier of the Francis Scott Key Read More …

AI transforms government tender management for large enterprises

Artificial Intelligence is increasingly transforming government tender management processes for large enterprises by improving efficiency, compliance monitoring and decision-making across procurement operations. Industry experts noted that large organisations handling multiple government tenders often face operational challenges related to document verification, Read More …

SAI360 launches AI-enabled GRC platform upgrade

SAI360 has launched GRC Elevate 6.0 with embedded artificial intelligence capabilities aimed at modernising governance, risk management, and compliance (GRC) processes for organisations operating in increasingly complex regulatory and operational environments. Industry experts note that organisations globally are facing growing Read More …

CAG explores AI tools to detect procurement fraud and vendor cartels

The Comptroller and Auditor General of India (CAG) is exploring the use of artificial intelligence-driven tools to strengthen detection of procurement fraud, vendor collusion, and cartelisation within public auditing systems. The initiative reflects growing efforts to modernise governance frameworks and Read More …