AI governance built for insurance
The latest artificial intelligence models add to the complexity of your existing modeling systems. From GLM to LLM, when governance is used throughout the model development lifecycle, teams work in alignment, accelerate AI investments, and achieve business goals.
Governance is also the key to the quality and performance of end-to-end AI systems. Adapt quickly to both current and ever-changing industry and regulatory requirements that apply to the entire AI system, including statistical, machine learning, and generative AI models.
Accelerate AI investments: Quality, performance, and risk management
Model filings, market conduct, NAIC, ORSA, ASOP, ECDIS, 56 DOI’s, and insurance jurisdictions - We get you!
Regulatory transparency
The NAIC AI model bulletin has been adopted in some form in at least 50% of the United States. Further, the technical requirements from NIST highlight the complexities of compliance. The simple realization is that many companies are not prepared to adhere to the changing regulatory requirement landscape at global or industry levels.
AI model quality and better business outcomes
80% of AI projects do not achieve business objectives (McKinsey, 2023). This shatters the myth that models must be fully developed before employing governance strategies. Great governance begins when you identify AI use cases to align with corporate strategy. It's how you know when its time to "learn fast" and prevail in projects.
Intrigued by AI agents? You guessed it. Even models that trigger other models also need to be governed to ensure safety, quality, and performance.
Governance of AI systems is not isolated to regulation. When done correctly, robust governance enables higher achievement of business objectives, organizational alignment, and acceleration of AI projects.
Evolve your governance and leadership practices to achieve success with AI
Software that operationalizes AI governance
Monitaur software establishes your risk framework and control library according to best practices in model risk management. Model development teams achieve greater success while also aligning with standards and regulations.
The policies and integrations embed in your developer lifecycle and give all stakeholders direct visibility and oversight across AI projects. Our risk and controls policies already deliver coverage and mapping to NIST, SB-169, NY Circular No.7, EU AI Act, and the most recent NAIC model bulletin.
The Monitaur “policy to proof” roadmap for AI governance frameworks
Uniting every stage of your AI and model governance journey with our software. Turn the concepts in AI governance frameworks into actionable governance practices that your company can roll out at scale.
DEMO: Good AI needs great governance
To succeed with AI, model governance and model risk management take on a new urgency. Monitaur was created to solve this problem. And we have the most comprehensive and effective AI and model governance solution available.
Scalable human oversight across high-risk models
Take the steps necessary to govern the fair, safe, and trusted models your business needs.
Continuously validate model performance
Leverage Monitaur's libraries and API's to connect to your models and model infrastructure and gain automation of controls and continuous objective validations.
Watch the Demo
Customers trust Monitaur's software and expertise to simplify governance
Our customers set high standards for accelerating and improving their AI governance programs. They have seen a boost in efficiency, shorter time to alignment on reviews, and improved risk and compliance capabilities for their modeling outcomes.
Recognized leadership in AI governance for the insurance industry
Monitaur leads the way in end-to-end governance for AI systems in insurance. From comprehensive model inventory to deep technical validation, our goal is to make it easy for you to prove that your most important modeling systems are safe, compliant, responsible, and trustworthy.
You must have effective AI governance in place to make sure there is compliant and responsible use of AI systems within your organization.
Join the top S&P 500 insurers and their AI partners who trust Monitaur technology and solutions to accelerate AI investments through great governance.
Is you AI governance program future-proof?
Get an assessment today >>