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Model Governance

What is Model Governance?

The framework for overseeing the development, validation, deployment, and ongoing monitoring of analytical and AI models used in decision-making.

AI and Technology

Frameworks that govern model governance

COBIT 2019View framework →ISO 27001:2022View framework →NIST Cybersecurity Framework 2.0View framework →

What the standards actually require on model governance

Requirements naming model governance across 2 standards, quoted from the control text.

Solvency II1 control

Per Solvency II Pillar 2: governance + ORSA. Requirements include (a) System of Governance including Risk Management + Internal Audit + Compliance + Actuarial + (b) Own Risk and Solvency Assessment (ORSA) + (c) Internal Model Governance + (d) Fit and Proper pe...

SOLVENCY-2 · Pillar 2 - Governance, ORSA, Internal Model Governance →
Own Risk and Solvency Assessment (ORSA) - NAIC Model Act1 control

Per NAIC ORSA Guidance Manual Section 3: group risk capital and prospective solvency assessment. Requires Available Capital Assessment per regulatory + economic + rating agency capital measures;

ORSA-S3 · ORSA Manual Section 3: Group Risk Capital and Prospective Solvency Assessment →

Questions people ask about model governance

What is Model Governance?
The framework for overseeing the development, validation, deployment, and ongoing monitoring of analytical and AI models used in decision-making.
Why is Model Governance important for compliance?
Model Governance is a key concept in AI and Technology. Understanding model governance helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Model Governance?
Model Governance appears in the requirement text of Solvency II, Own Risk and Solvency Assessment (ORSA) - NAIC Model Act. Across these standards we have identified 2 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Model Governance?
Explore our compliance framework pages to see how model governance applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Model Governance applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

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Written and maintained by Gerard Blokdyk, The Art of Service.