Form cover
Page 1 of 3

AI & Emerging Risk

Fall 2026 Case Competition

Hosted by Columbia Risk Management Club
Prizes & Awards:
• 1st Place: $200 or equivalent prize value
• 2nd Place: $150 or equivalent prize value
• 3rd Place: $100 or equivalent prize value
Team Size:
2-4 contenders (students from all disciplines are welcome to participate)
Welcome, Future Risk-Takers.

A new era of artificial intelligence is unfolding.

In October 2026, Anthropic, the company behind Claude, filed for a U.S. IPO, marking another significant milestone in the rapid growth of the AI industry. What once seemed like a distant technological possibility is increasingly becoming part of everyday business operations.

What happens when an AI system makes a costly mistake, exposes sensitive information, or influences a decision that no one fully understands?

From data privacy and cybersecurity to reliability and accountability, businesses face an increasingly important question: How can they capture the benefits of AI without overlooking the risks it creates?

This is the question at the heart of this competition.

We invite students from all academic backgrounds to explore this challenge, bring fresh perspectives, and develop practical ideas for navigating the opportunities and uncertainties of AI.

The Mission: Where Innovation Meets Risk

Your task is to explore where AI can create meaningful business value, what risks might arise, and how the company can move forward with confidence.

01. Choose Your Company

Select any real company, from any industry. Briefly introduce its business and the opportunities or challenges it faces.

02. Explore the Opportunities

Propose 2–3 creative ways AI could improve productivity, reduce costs, or transform how the company operates. Explain why these ideas matter.

03. Consider What Could Go Wrong

Identify 2–3 potential risks associated with your proposed AI applications, such as data privacy, inaccurate outputs, cybersecurity, or overreliance on technology.

04. Set Your Priorities

Not all risks are equally important. Determine which deserve the most attention and explain your reasoning. A simple High/Medium/Low assessment is sufficient.

05. Make Your Recommendation

Bring your ideas together into a practical strategy. How should the company pursue AI opportunities while keeping its most significant risks under control?

There is no single correct answer. The case competition will be judged on original thinking, sound judgment, practical recommendations, and clear communication.

Advanced technical expertise or quantitative modeling is not required. Students from all disciplines are welcome to participate.

Important Dates
• November 20: Preliminary proposal submission (3 slides)
Submission Requirements:
A 3-slide preliminary proposal deck covering your chosen company, AI opportunities and risks, and proposed strategy.
• December 5: In-person final presentations and winner announcement
Finalists, selected from the preliminary proposals, will present in person at the final round. Winners will be announced at the event.
• Final presentation: 10–15 minutes per team
• Location and time: To be announced
Please submit all presentation decks to cuermclub@gmail.com. Feel free to reach out to us at the same email address with any questions!
Your final presentation will be evaluated by Columbia University ERM program faculty and industry risk management professionals.