A Survey of Artificial Intelligence Risk Assessment Methodologies
Artificial Intelligence (AI) systems are increasingly being deployed in a wide range of applications. For many of these, a failure of the system would be embarrassing and inconvenient, but otherwise harmless. Failures in other applications, such as credit assessments, recruitment, medical diagnostics, (semi-)autonomous vehicles and
power grid load distribution systems, however, would have significant.
Global Risk Manager Survey Report – 2024
We are delighted to present the results of the 2024 Global Risk Manager Survey. Today’s risk landscape is characterised by a need to adapt to immediate short-term challenges at the same time as
integrating longer term concerns, such as climate change adaptation and the green transition, into enterprise risk
management (ERM) frameworks.
The survey highlights the fact that Risk Managers have extended their influence across the organisation and are
playing a pivotal role in ERM training as well as in promoting and strengthening a risk culture.
IRMSA Risk Report – South Africa Risks 2016
The second edition of the IRMSA South Africa Risks Report is presented during a volatile period in the country’s development, highlighted by Fitch, Standard & Poor’s and Moody’s all lowering their outlook on South Africa’s credit rating to essentially one notch above junk status in December 2015, the rand trading at its worst-ever levels against the pound and the dollar in nominal terms in the same month, Pravin Gordhan being named the third finance minister in less than a week, and widespread public protests. These and other events are occurring as South Africa grapples with the worst drought to hit the country in decades.
Global risk & resilience outlook 2026
The report outlines an “expanding risk zone” in 2026, where frequent, fast-moving and interconnected threats overwhelm traditional business continuity and demand integrated organizational resilience. It highlights ten critical risks: cyberattacks and systemic cyber risk, AI’s dual edge, climate-driven natural disasters, geopolitical conflict, supply-chain shocks, misinformation, regulatory fragmentation, macro‑financial instability, talent shortages and overlapping polycrises. Survey data show half of organisations lack a formal critical event management strategy and many never test plans, revealing major gaps in training, technology and crisis communications. The report proposes a five‑stage resilience strategy and high‑velocity critical event management to move from reaction to anticipation
Assessment of Money Laundering, Terrorist Financing and Proliferation Financing Risk in the Banking Sector
The Prudential Authority (PA) of the South African Reserve Bank (SARB) is responsible for anti-money laundering and counter-financing of terrorism
(AML/CFT) supervision of banks, mutual banks and life insurers. As such, the PA
assesses the risks related to these aspects. It embarked on its second banking
sector risk assessment by surveying 34 banks in March 2021.
IRMSA Risk Report 2024/25
‘Managing the risks that attend to the pursuit of sustainable development.’
South Africans today may feel that they are living inside Charles Dickens’ Tale of Two Cities. In the One City, a smaller portion of society feels empowered and excited about the unfolding future, gathering pace on the wings of the ongoing technological revolution and new political possibilities.
IRMSA Risk Report – South Africa Risks 2017
The third edition of the IRMSA South Africa Risks Report is presented at a time of profound change. The populist anti-globalization wave that produced majority votes for Donald Trump in the United States and for Brexit in the United Kingdom is the consequence of the “anti-establishment” flag that has been raising its head around the world. This flag has been discussed by Clem Sunter and Dr Chantell Ilbury at the IRMSA Risk Report launches over the past two years and represents the growing lack of faith in professional politicians in America, Britain, Europe, Australia and many other countries. Trends and events of this nature remind us that South Africa and organisations operating within its borders are exposed to a myriad of external threats and opportunities, beyond those that are solely internally driven. South Africa’s risk landscape has been equally, or perhaps even more, volatile than the global environment during 2016.
Risk Outlook 2026 – International SOS
Risk Outlook 2026 depicts a world where volatility is the normal operating environment, with converging security, health and geopolitical pressures testing organisational resilience. A global survey of 860 leaders highlights intersecting drivers of uncertainty, including geopolitical tensions, cyber crime, economic instability, extreme weather, mental health risks and misinformation, all intensifying pressure on workforces. Nearly half of risk specialists report increased interconnectedness of threats, with security and medical issues now rarely separable in crises. International SOS stresses intelligent, continuous preparedness that fuses advanced analytics, AI and expert judgement to protect people, sustain continuity and turn uncertainty into strategic advantage.
2023 Chief Risk Officer Survey – Navigation compounding Threats and Opportunities in a Fast Moving World
Volatile market conditions. Geopolitical instability. Rapid innovation and technological change. Increased business transformation and digitisation. Mounting compliance requirements. Stakeholder attention on environmental and social issues. Across industries, organisations are facing more threats and operating in an increasingly complex risk landscape.
Managing through Persistent Volatility: Changing role of the CRO
The ongoing proliferation and continuous evolution of risks in the banking industry – highly volatile, intricately linked and
emerging from seemingly everywhere – have made today’s market and operational realities uniquely challenging
for chief risk officers (CROs). At the same time, CROs are expected to command finite resources wisely and support transformation efforts designed to unleash innovation and satisfy rapidly evolving customer expectations.