Hunton Andrews Kurth LLP’s Post

🚀 SAS tops the Forrester Wave for Enterprise Fraud Management Solutions, Q2 2024! 🏆 Highest scores in 7/11 categories, including AI-powered 🤖 risk scoring and investigation. 🔎 #fraudprevention #AI

Kroll’s Risk Analytics Monitor is an easy-to-use fraud detection solution that helps identify high-risk transactions and third parties that could lead to financial and reputational damage for an organization, providing an auditable trail of risk identification and response. Request a demo: http://ms.spr.ly/6043ckaIL #Fraud #Compliance #Risk #AI #DataAnalytics

How well prepared are you to support vulnerable customers? In our recent webinar with FWD Consulting, MorganAsh and the Collaboration Network, our panel of experts answered your most pressing questions about applying and embedding the FCA’s requirements on customer vulnerability within your firm. We discussed that to simplify the regulation, firms should focus on these four pillars: ☑ Understand and mitigate harm: Identify and reduce risks for vulnerable individuals. ☑ Monitor throughout lifecycle: Continuously track consumers throughout the product/service lifespan. ☑ Report on vulnerable cohorts: Document outcomes for vulnerable groups. ☑ Maintain evidence: Keep thorough records to support your actions. These steps are essential regardless of your firm's size. Find out more by watching the recording on-demand here: https://lnkd.in/gyC4u6Ur #FCARegulations #CustomerCare #Vulnerability #CustomerVulnerability #ConsumerDuty #FCA #CustomerService #FinancialServices #Risk #Compliance #CleverNelly #AI

Join this webinar for more information on how we cut down Enhanced Due Diligence times from days to minutes. Discover how to make faster, more reliable compliance decisions.

2023 saw the adoption and use of AI products skyrocket resulting in increased efficiencies and productivity. Use has outpaced the adoption of governance and risk management frameworks which has also driving an increase of losses and third-party claims. The panel will explore the insurance coverage issues raised by these losses and claims. Register here: https://bit.ly/3TrZMn9 Panelists: Adam Johnson, Newfront and Tyler Gerking, Farella Braun + Martel LLP Moderator: Louisa Weix, TittmannWeix

Join Kim Mobley on August 22 for a complimentary webinar covering how insurers can manage the risks associated with AI. She'll be joined by Beau Breton, Gu Xie, and Vivien Fang Peaden, AIGP, PLS, CIPP/US/E, CIPM to talk through use cases, current regulations, and how to get started. #ArtificialIntelligence #InsuranceNews #AIFrameworks

Excited to have had the opportunity to speak at the Chartered Institute of Internal Auditors Fraud Forum this week! Over the past 9 years at #SSE, we've made significant strides in our approach to fraud risk management. With a solid foundation in Fraud Audits, Assessments and High Risk Contractor Reviews, we're now integrating cutting-edge technologies like AI into our data analytics toolkit. This allows us to think outside the box and anticipate fraud schemes, just like the fraudsters themselves. #FraudPrevention #Innovation #DataAnalytics #AI

Join Us at the Associated General Contractors of America’s annual Surety Bonding and Construction Risk Management Conference January 29-31st in Bonita Springs, FL! Construction Risk Partners' Joseph Poliafico, CSP will lead the Kickoff Breakout Session focused on, “Managing Risks and Opportunities: The Impact of Artificial Intelligence (AI) on the Construction Industry.” The panel will discuss: --> AI’s broad-reaching influence on our daily lives and business operations. --> How AI is being used by insurance carriers to improve efficiency and risk prediction. --> How AI could affect insurance coverages moving forward and the effect it will have on underwriting all lines of coverage. --> The legal implications of AI and how to navigate the opportunities and risks. Register today! #AGC #construction #AI #Insurance #Risk #Coverage #Cyber #CRP

👑 GenAI Takes the Crown in 2024 Emerging Issues Bracket Challenge! #FutureofRisk #Verisk Having spent years at Verisk, specifically focusing on Personal Lines Sales, I've been following the annual Emerging Issues Bracket Challenge. It's a fantastic way to stay ahead of the curve on potential risks, which is super helpful when chatting with clients. This year, AI (no surprise there!) dominated the competition. It was pretty funny – while I was writing this post, I swear I got 3-4 emails about AI! Here's what resonated with me from the challenge: 🎯AI (GenAI). It could be amazing for science and industry, but also scary (fake news, hacking). Data privacy is also a big concern. 🔥California wildfires are another big worry. They're happening year-round now, and insurance companies are taking action. 💅New risks are on the rise! Microplastics are a growing environmental problem, even bigger than the opioid crisis. Ransomware attacks are a major threat, too. Some interesting ideas didn't make the cut: data privacy (almost!), vehicle subscriptions, eVTOLs (flying cars!), and even psychedelics. 💡The takeaway? The risk landscape is constantly evolving. While we embrace advancements like GenAI, we also need to be prepared for the potential downsides. What are your thoughts on the top emerging risks? Let's chat in the comments! #GenAI #RiskManagement #FutureofInsurance #underwriting #verisk #earnix

Regardless of who you agree with, there’s no questioning that “AI risk” is taken seriously in a way it wasn’t just a year ago. https://lnkd.in/ghEDRXhT #ComplianceRegulation #DataPrivacy