Learn about model risk, its causes, management strategies, and real-world examples from financial industry pitfalls. Unlock insights to reduce risk and enhance decision-making.

The gap between AI and traditional risk modelling is substantial. Traditional models often fall short when dealing with complex, non-linear relationships. In contrast, AI models thrive in detecting ...

This article was written by Antonios Lazanas, Head of Portfolio and Index Research at Bloomberg. Modern risk modelling is not just about monitoring risk. Sure, the specialists who manage risk are ...

The LIFE-T1D model, demonstrated an ability to estimate the lifetime risk of heart disease among several groups of people with type 1 diabetes (T1D). Researchers have developed a tool they say can ...

The global reinsurance broker Guy Carpenter, a partner to @Nasdaq and user of the Nasdaq Risk Modelling for Catastrophes service, continuously develops new catastrophe risk models. Mark Weatherhead, ...

Ruin theory has emerged as a pivotal branch of actuarial science, offering a robust mathematical framework to quantify the risk of insolvency in both insurance and financial contexts. At its core, the ...

Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

Bermuda insurers still rely heavily on catastrophe models to manage risk, but uncertainty around climate impacts and claims ...

Forbes contributors publish independent expert analyses and insights. Monica Sanders covers climate justice and sustainability from the DMV. As climate change accelerates, so does the need for ...

Last year, I faced a harrowing experience that would change my perspective on healthcare forever. What began as an emergency surgery to combat a flesh-eating bacteria quickly turned into a nightmare.