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Executives warn AI risks are outpacing regulation - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Executives warn AI risks are outpacing regulation by Louise Esola Daniel Serota (left) and Ward Ching of Aon discuss artificial intelligence regulation and risk management at Riskworld. Agents and Brokers , Regulation , Risk Management , Technology Aon May 4, 2026 PHILADELPHIA — Generative artificial intelligence may be transforming business operations at record speed, but regulation and risk management are struggling to keep pace, according to speakers Monday at the Risk & Insurance Management Society’s Riskworld conference. Ward Ching, San Francisco-based managing director at Aon, and Daniel Serota, Chicago-based vice president of government affairs and public affairs at Aon, said organizations must “urgently” strengthen governance, compliance and enterprise risk management frameworks as tools such as ChatGPT, Claude and Pi rapidly reshape liability, workforce strategy and operational decision-making. Mr. Serota warned risk managers that generative AI is moving faster than regulation, creating urgent challenges around liability, compliance and enterprise risk management. Mr. Ching stressed that AI is no longer a “future” issue but a present operational and regulatory concern. He noted that tools such as OpenAI’s ChatGPT, Claude and Pi are being adopted at unprecedented “hyper” speed, far faster than previous technologies, adding that organizations are already relying on AI systems to support decisions, analyze risk and improve operational efficiency. However, he said the “lateral risk issues associated with AI are not well understood” and continue to evolve just as quickly. Mr. Serota said the U.S. regulatory framework remains fragmented. He rated current regulatory oversight of generative AI at only “a two and a half” on a five-point scale, noting that states such as Texas, Illinois and New York are moving faster than the federal government to establish rules around AI safety, guardrails and consumer protections. He explained that while state regulators are focused on safety and clear contractual guardrails, federal policymakers are more cautious about overregulating and slowing innovation. “The federal government seems to be going in the other direction,” he said, adding that lawmakers want to avoid limiting growth while still preparing for risks such as cyberattacks, privacy failures and misuse of personal health data. Both speakers emphasized that risk managers must strengthen enterprise risk management frameworks to address AI exposures before major failures occur. Mr. Serota said organizations should focus on “use case processes” and stress-test AI applications against worst-case scenarios, particularly in sectors such as health care, insurance and autonomous vehicles. Mr. Ching added that AI should not be viewed only as a threat to jobs, but also as a tool for better human decision-making. “We are seeing enhanced human decision – making, better decision – making, with enhanced AI support tools sitting behind it,” he said. 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