The Future of RCSA: From Static Assessments to AI-Driven Insights

Article

RCSA has shifted from a static exercise to a dynamic, real-time tool. With AI, loss data, and scenario analysis, its role in risk management is evolving rapidly. Experts highlight how firms can enhance RCSA to align with strategy, improve accountability, and predict emerging risks.

Feb 06, 2025

Penny Cagan, Senior Risk Advisor, PwC

Tags: Resilience

The Future of RCSA: From Static Assessments to AI-Driven Insights

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

RCSA has evolved from an annual compliance exercise to a real-time, trigger-based approach that enhances accountability and strategic alignment.
A process-based RCSA framework improves risk visibility by linking assessments to customer journeys and critical business operations.
AI and automation will enhance RCSA by identifying risk trends and eliminating manual analysis, increasing efficiency and precision.
Loss data and scenario analysis help refine RCSA ratings, providing a forward-looking approach to identifying and mitigating emerging risks.