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Ensure Responsible AI Deployment and Insurability of New Technologies
Manage the unique risks of AI, IoT, and automation with tailored governance and compliance tools.
Stay ahead of evolving laws like the EU AI Act with built-in compliance tracking and reporting features.
Assess and improve the insurability of your AI applications while building trust with insurers and regulators.
Get a unified view of all your AI systems and emerging tech projects, with real-time risk ratings. Accord maps each system against global AI regulations (EU AI Act, US AI guidelines, etc.) and frameworks like NIST’s AI Risk Management Framework. Instantly see where you comply, where gaps exist, and what actions to take to meet requirements. Stay ahead of audits and avoid fines by managing AI risk proactively.
Easily maintain required documentation for AI governance. Accord provides templates and tracking for bias audits, data privacy impact assessments, model validation reports, and more. When regulations demand proof of "responsible AI" practices, you’ll have all evidence organized. This not only helps with compliance but also demonstrates to insurers that your new technology operates under strict oversight, improving its insurability.
Insurance companies are often wary of emerging technologies due to unquantified risks. Accord generates reports on the risk posture of your AI/tech deployments highlighting factors like reliability, security controls, fail-safes, and ethical safeguards. By quantifying these aspects, Accord helps insurers better understand and underwrite the risk of new technologies, making it easier for you to obtain coverage for innovations that traditionally fell outside standard insurance criteria.
Keep pace with fast-changing standards. Whether it’s ISO/IEC 42001 for AI management or sector-specific guidelines (like healthcare AI ethics or autonomous vehicle safety), Accord continuously updates its knowledge base. You’ll receive alerts and recommendations if a new rule impacts your technology. This global perspective ensures you remain compliant across jurisdictions and can confidently expand your AI-driven services into new markets.
Simple, transparent pricing with no hidden fees.