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AI Risk

Enterprises using AI face an unprecedented plethora of risks that are slowly getting the needed attention. The MIT AI risk initiative catalogues about 1600 risks identified in academic and other literature. 

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AI Litigation

AI usage related litigation is increasing.  The ongoing litigation incidents are being captured by the GWU Database of AI litigation. as documented by the GWU AI risk litigation database.

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AI Insurance

The market for explicit AI insurance is emerging and according to Deloitte it is expected to become a significantly sizable market in the next few years. 

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AI Regulation

Regulators in various jurisdictions are providing guidance to enterprises across multiple industries to help manage the risk from their use of AI.

Autonomous AI Risk Management Agents for Enterprises and Insurers

Enterprise AI Risk Management with
Autonomous Agents

SECURE

AI Risk Assessor

The Risk Assessor agent provides insights into the risk of an enterprise using AI. The agent helps track changes to their AI risk profile.

GOVERN

AI Risk Governor

The Risk Governor helps the enterprise manage the risks of using AI.

COMPLY

AI Risk Regulator

The Risk Regulator helps the enterprise meet regulatory requirements of using AI in their industry.

TRANSFER

AI Risk Transferer

The Risk Transferer helps enterprises manage the transfer of their AI risks by working with insurers and brokers.

BRIDGE

AI Risk Insurance Gap Analyzer

The Risk Insurance Gap Analyzer provides comprehensive analysis of the gaps in an enterprise’s insurance policies and helps bridge the gaps by transferring AI risk.

Insurers' AI risk Products Managed by
Autonomous Agents

PROTECT

AI Risk Underwriter

The Risk Underwriter provides insurers with underwriting capability to assess and act on incoming enterprise customers looking to transfer their AI risk.

MEASURE

AI Risk Quantifier

The Risk quantifier provides a comprehensive score of the risk of a potential customer in their use of AI and ensures the score is up to date as enterprise customers evolve.

RESOLVE

AI Risk Claims Adjuster

The Risk Claims Adjuster performs all the functions of a typical insurance claims adjuster ensuring insurer claims teams have the necessary tools for improving productivity of their AI caused claims operations.

MITIGATE

AI Risk Mitigator

The Risk Mitigator agent generates continual risk insights for loss prediction and loss control. It also monitors case law activity, conducts ongoing audits of claims, LLM usage and risk information changes. 

COMPLY

AI Risk Regulator

The Risk Regulator agent helps insurers manage the regulatory aspects of AI insurance products.

OPTIMIZE

AI Risk Analyst

The Risk Analyst agent provides insurers with tailored and integrated insights into AI risk. These insights help insurers to develop proprietary predictive models reflective of their unique book mix, risk profiles and claim experience.

AI Risk Management Agents that Deliver

PROPRIETARY

PROPRIETARY AI RISK INDEX

VISIBILITY

COMPREHENSIVE RISK VISIBILITY

REAL TIME

REAL TIME RISK ASSESSMENT

INTEGRATION

INSURANCE INTEGRATION READY

MULTI-TECHNOLOGY

EMERGING AI TECHNOLOGIES

GOVERNANCE

AI RISK GOVERNANCE AND REGULATIONS

END-TO-END

PLATFORM FOR AI RISK INSURANCE PRODUCTS

COMPREHENSIVE

COMPREHENSIVE AI RISK UNDERWRITER AGENT

Magile Software is powered by our proprietary AI Risk Index, which provides comprehensive enterprise-wide AI risk assessment. This dynamic index enables organizations to gain clear visibility into their AI risk exposure and develop targeted risk management and mitigation strategies. Insurance carriers leverage the same index to accurately underwrite AI risk coverage, creating a unified risk assessment standard across the market.
As a living index, it continuously reflects the real-time state of an enterprise's AI implementation, ensuring risk assessments remain current as AI usage evolves.

Dynamic Risk Intelligence, That Evolves with Your AI

Why AI Risk Management Matters

85%

OF AI PROJECTS FAIL DUE TO RISK CONCERNS

$2.9T

POTENTIAL AI MARKET IMPACT

60%

OF ENTERPRISESLACK AI GOVERNANCE

24/7

CONTINUOUS RISK MONITORING

Background

Enterprises: Click here to obtain free initial assessment of your risks of using AI. 

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