Banks at crossroads as AI costs rise and risks escalate: S&P Report

Banks at crossroads as AI costs rise and risks escalate: S&P Report

In terms of risk management practices, the report pointed out that deploying AI technologies introduces new technical risks and increases reliance on third-party vendors. At the same time, AI can help banks improve risk identification, monitoring, and pricing. New...

Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines

Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...