According to a new EY report, Chief Risk Officers (CROs) in the insurance sector must focus on three strategic areas in 2026 to enhance resilience and support business performance: building a strong risk culture, advancing digital and data capabilities, and Read More …
Tag: digital transformation
EY Report Outlines Three Strategic Priorities for Insurance CROs in 2026
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
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 …
GAIL highlights safety and digital risk management at HSE workshop
GAIL (India) Limited organised its 22nd Annual Health, Safety and Environment (HSE) Workshop in New Delhi, with discussions focusing on safety culture, digital risk management, operational resilience, and emerging industrial risk challenges. The event reflected growing emphasis on integrating technology-driven Read More …
Operational Resilience in a Hyperconnected World
The modern global economy has become deeply interconnected. Organisations today operate through complex digital ecosystems involving cloud infrastructure, outsourced service providers, fintech platforms, logistics networks, artificial intelligence systems, and globally distributed supply chains. While this interconnected environment has significantly improved Read More …