Major Swiss Insurance Company

Developing a comprehensive AI governance framework combining findings from a maturity assessment, ISO standards and sector best practices

Challenge

• No existing framework defining the ideal state and goal of the AI & advanced analytics governance efforts
• Several factors suggesting that a framework to oversee AI governance was needed
  • Upcoming regulations
  • Improve collaboration
  • Operational and reputational risks

Solution

• Co-designed a comprehensive ideal governance framework that set a target for the governance and analytics efforts in the organisation
• Framework developed based on previous maturity assessment, ISO standards and external best practices

Business Impact

• Mitigation of operational, financial, legal & reputational risks from analytics solutions through best-in class governance practices
• Standardised and more efficient development practices