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@Thaddeus Dziekanowski are we heading towards then next issue for Insurers, following closely on the heels of cybersecurity. As insurers grapple with the application of AI and it’s effect on corporate management and performance?AI will make major changes to corporate operations, affecting current strategy and mission of all organisations. It will introduce new risks and accelerate the effects of old risks. Risks that board will have to contend and risks that they are not equipped to manage.Boards need clear a clear understanding of the effects of AI, cybersecurity, cloud and data in order to demonstrate they can manage AI risk. A combination of capabilities boards do not possess at best in part, at worst in their entirety.As the article points out corporate boards and staff are not ready to adopt AI, they do not have the appropriate knowledge, skills and experience. Boards need to take an active role in AI, but do not have the necessary skills to do it. ‘integrate security, compliance and transparency from the outset’Veritas GRC will shortly release its’ board AI Governance Program, to complement our Board Cybersecurity Governance program in the coming weeks. Our Board AI program provides boards with the necessary understanding of AI risk and how AI risk integrates with cyber, data, cloud compliance, oversight and assurance.As with their clients AI will create risks that Insurers are not prepared to manage, as the article points out.Brian D. McCarthy Faisal KhanVeritas GRC#cybersecurity #cyberriskmanagement #artificalintelligence #boardgovernance
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