RiskPredict360: Leveraging Explainable AI for Comprehensive Risk Management in Insurance and Investment Banking
Keywords:
explainable AI, risk management, insurance underwriting, investment banking, financial decision-makingAbstract
Risk assessment complexity in insurance and investment banking compel the adoption of advanced artificial intelligence methodologies that is used to balance predictive accuracy with interpretability. The objective of this research is to introduce an innovative framework which leverages explainable AI (XAI) to enhance risk management processes that proposed model is RiskPredict360 which integrates attention-based transformer architectures with SHAP (Shapley Additive Explanations) algorithms to provide transparent, interpretable insights into risk factors influencing underwriting and portfolio decision-making.
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