Global Insurance Services
Executive Brief Q2 2023 Recap
In This Issue
Solving the Data Conundrum Under the UK's New Consumer Duty Rules
The UK's new Consumer Duty rules require businesses to prioritize consumer needs, offer fair value products, and ensure clear communication and robust customer support. FTI Consulting's Senior Director Najia Mukhtar explains how a data-centric approach and effective data management can play a critical role in compliance with the new rules. By highlighting the role of data governance frameworks and technology in streamlining compliance processes and improving decision-making, businesses can better navigate the regulatory landscape while building consumer trust. Read the full article.
The Four Risks of the EU's Artificial Intelligence Act: Is Your Company Ready?
In this FTI Journal article, our experts in EMEA discuss the EU's proposed Artificial Intelligence Act. Bias in AI systems can lead to real-world consequences, which the AI Act categorizes into four risk levels: unacceptable, high risk, limited risk, and minimal risk. Based on the risk level of their AI systems, the proposed Act will require companies to comply with specific requirements and levels of transparency. By establishing robust governance structures and implementing AI risk assessment frameworks, companies can start preparing for any potential AI regulations. Read the full article.
FTI Consulting's Modern General Counsel Content Hub
We are pleased to introduce FTI Consulting's Modern General Counsel Content Hub, which features curated insights, videos, and case studies focused on topics important to today's general counsel ("GC") as they lead their firms through complex macroeconomic, regulatory and geopolitical environments. This hub serves as a resource, providing expert perspectives on how GCs can mitigate risk, safeguard their company from and through crisis, and build resiliency. For more GC-related information, visit the GC Insights page for content from across the business. Sign up for the Modern GC newsletter to stay informed about GC-related information.
Internal Audit Assessment Service
Internal audit functions within companies face increasing challenges in uncovering fraud and addressing complex regulatory and technological issues. FTI Consulting's Global Insurance Services team offers support in the form of special investigations and assessments, providing timely information for decision-making and litigation support. We also conduct organizational risk reviews to ensure that the internal audit function considers the impact of external and internal risk factors. Learn how our expertise can aid internal audit functions in evaluating governance, risk management, and control processes. Read the full article.
July 24, 2023
Senior Managing Director, Co-Leader of Insurance Services
Head of EMEA Forensic & Litigation Consulting & Co-Leader of Global Insurance Services