Automatically identify regulatory changes and translate them into enforceable policies, including AI regulations and standards such as Colorado SB 205, Colorado SB 21-169 and NIST AI RMF.
Utilize risk assessment tools and methods to map, mitigate, and monitor risks across technical and business domains, ensuring safe deployment of AI models.
Exercise centralized control over the enterprise AI portfolio. Define policies and oversee internal and third-party AI development.
Maintain transparency and accuracy in AI model health. Actively minimize model drift, bias, and vulnerabilities with performance alerts for deviations from predefined parameters.
Implement automated monitoring, management, and documentation throughout the AI lifecycle to enhance scalability and accountability.
Enhance compliance and streamline decision-making by uniting key stakeholders through our platform's communication tools, addressing regulations like Colorado SB205 and SB 21-169.
Establish an Effective Risk Management Framework and Conduct Bias Audits
Gain Visibility into Your Entire AI Inventory
Classify Inherent Risks Associated with Your AI Systems
Implement Customized Plans to Reduce Risks
SB205 requires developers and deployers of high-risk AI systems to document their systems extensively, including describing intended uses, data sources, and measures taken to mitigate discrimination risks. It also mandates public disclosure of high-risk AI systems and reporting of discrimination risks to the Attorney General.
Artificial intelligence system means any machine-based system that, for any explicit or implicit objective, infers from the inputs the system receives how to generate outputs, including content, decisions, predictions, or recommendations, that can influence physical or virtual environments.
Insurance companies must assess AI systems for algorithmic discrimination, implement risk management policies, maintain detailed documentation, and provide regular training. (Section 6-1-1702, 6-1-1703)
Schedule a call with our team to optimize your AI Governance strategy to meet Colorado's new SB205 regulatory standard.
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