The European Insurance and Occupational Pensions Authority (EIOPA) has published a sweeping Opinion on the governance and risk management of artificial intelligence (AI) systems in the insurance sector, offering fresh clarity to national supervisors navigating the intersection of sectoral regulation and the EU AI Act.
The future of GRC is not simply digital, it’s decisively autonomous. It’s not just about processing power or clever dashboards. It’s about cognitive capability woven into the operational fabric of the organization—fluid, contextual, and self-directed. It’s orchestrated intelligence with agency.
In this article, Norman Marks breaks down the double-edged nature of AI adoption in corporate legal departments, highlighting both the remarkable opportunities for productivity and the underappreciated risks that could undermine sound judgment, legal integrity, and even corporate stability. Drawing on recent industry surveys and personal observations, Marks makes a compelling case for why risk and audit professionals must step up and get involved.
Across boardrooms and back offices, the promise of AI is animating strategy sessions and shaping budgets. Everyone wants in on the productivity gains, the streamlined operations, the predictive insights. But behind the excitement lies a quietly growing tension: how do you govern a technology that can improvise, evolve, and sometimes go off-script?
If you’ve been feeling like everyone’s talking about AI but few are truly doing something transformative with it, you're not alone. But a new study from AuditBoard and Panterra Research shows that the most advanced organizations aren’t just dabbling in AI for governance, risk, and compliance (GRC). They’re scaling the mountain, and leaving others at base camp.
As the world becomes more interconnected and regulatory frameworks grow in complexity, organizations are under increasing pressure to manage risks effectively while remaining compliant. The role of artificial intelligence (AI) in Governance, Risk, and Compliance (GRC) is evolving rapidly, offering promising solutions to enhance decision-making, automate repetitive tasks, and ensure compliance across various business functions. While the integration of AI into GRC tools provides unprecedented efficiency, it also introduces challenges that organizations must carefully navigate.
AI is everywhere, and its presence is only growing, shaping how we interact online. For Ofcom, the UK’s communications regulator, this presents both an exciting opportunity and a challenge in how to support the incredible potential of AI while keeping the public safe from its risks.