The global market for AI model risk-management (MRM) solutions is witnessing substantial growth, with the market size forecast to increase from approximately USD 6.41 billion in 2025 to around USD 14.55 billion by 2032. This expansion reflects heightened adoption of Read More …
Tag: insurance technology
Global AI Model Risk-Management Market to Reach USD 14.6 B by 2032
Zip launches global supplier risk-management solution for complex supply chains
Zip, a procurement-orchestration firm, has introduced its “Zip for Risk Orchestration” solution designed to help large organisations globally manage supplier risk, financial verification and regulatory compliance across sprawling vendor ecosystems. The launch was announced on April 1, 2025. The platform offers Read More …
Retrofitting AI into Model Risk Management is key to responsible AI deployment
The increasing adoption of artificial intelligence (AI) models in compliance, transaction monitoring, and Know Your Customer (KYC) processes is presenting complex risk-management challenges. According to Corporate Compliance Insights, integrating AI within existing Model Risk Management (MRM) frameworks is essential for Read More …
Online job-scams now pose enterprise network risks, warns security expert
Online job scams are evolving from consumer nuisances into significant enterprise-network risks, according to security commentary by Suparna Goswami for BankInfoSecurity. The scams typically start with a seemingly legitimate recruitment approach—fake job offers, spoofed corporate-career pages, or disguised “interview” links—that Read More …
Global AI model risk-management market set for USD 14.6 billion by 2032
The global market for AI model risk management is projected to grow substantially, rising from an estimated USD 6.41 billion in 2025 to approximately USD 14.55 billion by 2032, according to a recent market-analysis report. This growth reflects the escalating Read More …
Zip launches global supplier risk-management solution
Zip, a leading procurement-orchestration firm, has introduced its new “Zip for Risk Orchestration” solution aimed at helping global organisations in risk-management and compliance across complex supply chains. The announcement was made on April 1, 2025. PYMNTS.com The platform offers automated Read More …
Open-source security model reinvents cloud risk governance
Upwind has unveiled its “Open Source Security Model”, heralding a new era of cloud-risk management that emphasises flexibility, ownership and runtime intelligence. The launch coincides with the company’s recognition on the CRN 2025 Stellar Startups list in the Security category. Read More …
California AI law prioritises compliance over genuine safety
The newly enacted Senate Bill 53 in California has raised important questions about whether the state’s approach to AI risk genuinely promotes safety or simply bureaucratic compliance. Authored by Gavin Newsom’s administration, this legislation defines “catastrophic risk” for AI systems Read More …
Allianz UK teams up with US tech firm to enhance fleet risk management
Allianz Insurance UK has announced a strategic partnership with a US-based technology company to significantly improve fleet risk management for its commercial motor clients. The collaboration aims to integrate advanced telematics, AI-driven analytics, and driver behaviour monitoring tools into Allianz’s Read More …
WTW introduces ‘Captive Fit’ to enhance risk management strategies
Willis Towers Watson (WTW) has launched ‘Captive Fit,’ a new digital tool designed to help businesses evaluate the viability of establishing a captive insurance company as part of their risk management strategy. The solution aims to streamline the decision-making process Read More …