Examples of artificial intelligence based risk and knowledge management analysis are described. In an example implementation, a data analyzer may obtain entity data pertaining to an entity associated with a risk management instrument. The entity data may include data obtained from an IoT device and/or a risk control and knowledge management database. The entity data may be processed by an intelligent risk management agent to perform a variety of risk control and knowledge management tasks, such as claim processing, notification generation, formulization of risk management instruments, and assisting agents, users, and organization. The claim processing may include, for instance, identification of a similar case from database. The notification generation may include analysis with respect to reference parameters. The formulization of risk management instrument may include analysis with respect to the entity data from multiple domains and/or various external factors.