Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need for implementing the concept in their organisation. Unless risk is monitored properly the very existence of business may be at stake. The technological advancement has revolutionised the ways of doing business but at the same time has posed new challenges to manage and contain risk.
In western countries, Risk Management is an important area which has attracted the attention of Bankers, Insurers, Financial Institutions, Government, business houses, in forecasting the imminent risk in undertaking any project/work and taking suitable precautions to avoid or minimize the adverse impact of risk. Read more
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News and Updates
The risk management experts now in high demand
All of a sudden, everyone wants to talk to Gianluca Pescaroli. Dr Pescaroli is a global expert in risk management, and more specifically – in how businesses and other organisations can best plan for, and cope with, the impact of Read More …
Banks Face An Uncertain Regulatory Landscape: Here’s How To Focus On The Most Serious Risks
The regulatory landscape for financial firms is in a state of flux, both in the U.S. and abroad. New anti-money laundering (AML) laws, sweeping new consumer protection requirements and new sanctions in response to Russia’s invasion of Ukraine are only a sampling of the regulatory Read More …
Evolution and Current Status of The Risk Manager
“We have met the enemy, and he is us” ……. Walt Keely “Risk Managers are in the business of managing the future…..” said Tony Burlando (Risk Manager of Hillman Company in Pittsburgh while Chairing a RIMS Task Force). Risk Read More …
Revolutionising Risk Culture
Why businesses must embrace new technology and take a less reactive approach to risk management Companies with strong risk cultures have several key traits. Most importantly, genuine ownership and responsibility for risk culture rest with front-line employees, with executive-level accountability Read More …
What changes will GenAI bring to risk management?
The introduction of GenAI has brought wide-ranging and disruptive change to a vast range of industries. In the area of risk management, this is no different. According to Flagright growth manager Joseph Ibitola, the emergence of GenAI is poised to introduce both Read More …
ICICI Lombard General, CNBC-TV18 organizes India Risk Management Awards, holds session on new age risks
The ICICI Lombard General Insurance in association with CNBC-TV18 has recently organized India Risk Management Awards, which held an insightful master class on new-age risks and their management. Several renowned thought leaders and industry veterans joined the session to decode Read More …
Complying with climate risk framework standards for streamlined processes
Financial institutions worldwide are actively studying ways they can integrate climate risk management into their more traditional risk frameworks Conscious that climate change affects all sectors of the economy, financial institutions are realising the significant impact this will have on their Read More …
Can You Risk Implementing Enterprise Software From A High Growth Company With Large Losses?
When companies consider implementing enterprise software, standard operating procedure would be to look at a public company’s financials before deciding to implement the solution. If the software company is private, the prospective customer often asks for the right to view Read More …
Students from IIT-Madras build ‘Eye in the Sky’ for disaster management
‘Eye in the Sky’ device will provide accurate info on people trapped in disaster-hit areas Students from Indian Institute of Technology-Madras (IIT-Madras) have recently built a drone, enabled with Artificial Intelligence keeping the disaster management service in view. The device, Read More …
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