AI Governance Advisory · Australia
AI governance for mid-tier Australian insurers — closing your APRA, FAR and AFCA exposure.
AI is already pricing, underwriting and deciding claims inside your business. V Prosper gives your board the oversight, evidence and accountability to stand behind those decisions — before a regulator, an accountable person, or a customer asks who signed off. Three focused engagements, each scoped to a mid-tier insurer's reality.
01 · Diagnostic
Board AI Risk Review
Who it's forBoards, audit & risk committees, and accountable persons who know AI is in use but can't yet see their exposure.
What it doesMaps where AI is shaping decisions across pricing, underwriting and claims, then translates each use into concrete APRA, FAR and AFCA exposure.
You receive
- Board-ready exposure assessment, mapped to APRA, FAR & AFCA
- Plain-language inventory of AI in customer-facing decisions
- Prioritised list of gaps that matter most — and what to do first
02 · Build
AI Governance Framework
Who it's forInsurers with AI already in production but no formal, defensible governance wrapped around it.
What it doesDesigns and stands up a right-sized framework — policies, model inventory, roles and oversight cadence — that turns ad-hoc model use into something your board can supervise.
You receive
- AI governance policy & model risk standard, tailored to you
- Live model inventory with clear ownership & accountability mapping
- Oversight cadence — monitoring, reporting & escalation your board can run
03 · Assurance
Accountable Person Readiness
Who it's forNamed accountable persons under FAR who need to evidence control over AI-driven decisions.
What it doesAssembles the defence in advance: statements, evidence packs and reporting lines that let a named individual demonstrate oversight, not just claim it.
You receive
- Accountability statements covering AI decisions, aligned to FAR
- Evidence pack & escalation map that stands up to regulator review
- Board reporting templates that keep oversight current, not point-in-time