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Published date: 8 July 2024

Introduction to Model Risk Management - Understand the risks that can arise from the use of financial models

Publication 1 in our Model Risk Management Thought Leadership Series

Welcome to our Thought Leadership series where we explore the world of Model Risk Management. Throughout this series we will break down what Model Risk Management really is, taking a look from a broad industry perspective, and then through the lens of insurance to understand its growing importance within the industry.

We will provide a deep dive into model validation and share our insights on what good practice looks like. We’ll also tackle the exciting realm of Artificial Intelligence (AI), examining how to manage the additional model risks AI can present and how AI can help reduce model risk. We hope you find the series insightful.

In this first publication of a four-part series, we will explore Model Risk Management from a broad industry perspective.

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