Financial services firms are accelerating investment in artificial intelligence even as major gaps remain in oversight and safety controls, according to research from EY and Napier AI. EY found that 26% of firms have no, or limited, controls for ensuring AI systems comply with regulations, while nearly a quarter lack adequate safeguards against unauthorised access.

Rising natural catastrophe losses highlight the importance of prevention, mitigation measures and public-private collaboration, with geopolitical uncertainty and fragmentation risks further complicating the re/insurance landscape, according to Swiss Re.

Persistently high distress call figures highlight the importance of the ‘human factor’ in ensuring maritime safety according to a new report by Inmarsat Maritime.

The financial impact of ransomware attacks is climbing even as the number of cyber insurance claims falls, according to new data from cyber risk specialist Resilience.

The adoption of AI for use in financial services decision-making systems without sufficient transparency could undermine public trust, regulatory compliance and risk management, warns a new report from CFA Institute.

Cyber risk management solution provider Kynd has announced a new partnership with managing general agent Dual, which will implement Kynd’s cyber risk intelligence offering to support its global expansion plans.