AI ‘Arms Race’ Still Poses Global Stability Risk, BIS Chief Says

The artificial intelligence boom remains a global financial stability danger that risks more damage than past crashes, the Bank for International Settlements chief said. Pablo Hernandez de Cos reiterated a warning delivered by his institution in June, observing that investors’ …

Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.

Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.