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6 results for "risk management"
LawVu launched Lens on October 6, an AI tool that scans a company's entire contract repository at once to surface auto-renewal traps, missed service levels, and hidden liability exposure across thousands of documents.
The UK government released a structured AI Risk Management Toolkit for NHS trusts, councils, and government agencies — one of the first frameworks tailored specifically to public sector AI deployment and procurement.
The World Economic Forum's 2026 AI Playbook for Financial Services establishes board-level accountability and risk management standards for banks and insurers, arriving as just 13% of firms are on track with their AI strategies.
Ninety-four percent of financial services firms are now running generative AI in core functions — and the compliance frameworks meant to govern those systems weren't designed for what AI can actually do.
State regulators have approved over 80% of insurer requests to exclude AI-related damages from general liability policies, already effective in Florida, Connecticut, and Maryland. A new standalone AI liability market with $2M–$50M limits is emerging to fill the gap.
The Federal Reserve, OCC, and FDIC have amended their joint model risk management guidance to explicitly exempt generative and agentic AI, giving banks a compliance green light to accelerate AI adoption—but leaving a governance gap critics say remains unfilled.