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Risk Management Association of India
RMAI RISK INSIGHTS
Actionable Risk Intelligence for Professionals
Vol 01 · Issue 05 June 2026
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Inside This Issue · Jump to Any Section
01From the Editor's DeskThe June Editorial
Editorial · Model Risk Management
Model Risk Management: Building Trust in an AI-Driven Financial Ecosystem
By Dr. Rakesh Agarwal
As artificial intelligence reshapes financial services — from credit decisioning and fraud detection to regulatory compliance and customer engagement — the models that power these functions carry hidden risks of their own. This editorial examines how Model Risk Management (MRM) is evolving from a back-office validation exercise into a board-level imperative, and what financial institutions must do to build genuine trust in AI-driven decision-making.
Read the Full Editorial →02Executive ColumnA View from the Top
Featured Voice · Crop Insurance Risk
Risk Landscape in Crop Insurance in India: Emerging Challenges and the Way Forward
By Dr. Abhijit K. Chattoraj · Vice President, RMA India
India's crop insurance ecosystem faces a confluence of pressures — climate volatility, data gaps, moral hazard and a fragmented distribution network. Dr. Chattoraj draws on deep practitioner experience to map the evolving risk landscape in agricultural insurance, identify structural fault lines, and lay out a pragmatic roadmap for insurers, regulators and policymakers navigating this critical segment.
Read the Column →03Featured ArticlesFour Reads · June 2026
Lead Feature · Insurance Learning Series
RMAI Launches a Complete Insurance Learning Series: From Foundations to Insurtech
RMAI has launched a comprehensive, end-to-end Insurance Learning Series designed for professionals at every stage — from foundational principles of underwriting and claims to cutting-edge Insurtech applications. The series covers life, health, general and specialty lines, with each module crafted by senior practitioners to deliver directly applicable knowledge.
Explore the Series →02 · Career & Compensation Top 10 Highest Paying Jobs in BFSI India in 2026A data-driven look at the most lucrative roles across banking, financial services and insurance in India — with salary benchmarks, skill requirements and career pathways for each position. Read More → | | 03 · Certifications Best Risk Management Certifications for BFSI Professionals in India 2026A curated guide to the top risk management certifications for Indian BFSI professionals — comparing scope, recognition, cost and ROI to help you choose the right credential. Read More → |
04 · Cyber Risk · RBI Compliance
Top 10 Cyber Risk Gaps in Indian Banks: RBI Compliance Checklist 2026
A practical audit-ready checklist mapping the ten most common cyber risk gaps in Indian banks against RBI's 2026 guidelines — covering network security, third-party risk, incident response, data governance and AI-related vulnerabilities. Essential for CISOs, risk officers and internal auditors.
Read Article →04Risk Management UpdateThe Month, Decoded
AI & Cyber Risk SEBI Creates Special Task Force to Counter Emerging AI-Powered Cyber RisksSEBI's new task force will develop a dedicated framework to identify, assess and respond to AI-driven cyber threats targeting India's capital markets infrastructure. Read More → | | Credit Risk Stronger Credit Risk Practices Essential Amid Rising Economic UncertaintyIndustry leaders and regulators call for more robust credit risk frameworks as global economic headwinds and geopolitical pressures intensify default risks across portfolios. Read More → |
Cyber Security NIST and NCCoE Publish Framework to Strengthen Ransomware Risk ManagementThe new NIST-NCCoE guidance provides a structured approach to ransomware prevention, detection, response and recovery aligned to existing risk frameworks. Read More → | | RegTech & AI DigitalXForce Introduces AI and Quantum-Powered Risk Management SolutionThe platform combines AI-driven threat intelligence with quantum-resistant encryption to deliver next-generation risk management capabilities for financial and critical infrastructure sectors. Read More → |
AI Investment Companies Increase AI Spending Amid Growing Risk Management ConcernsA global survey finds that while AI budgets are rising sharply, risk officers are flagging gaps in governance, model validation and explainability as top concerns requiring urgent attention. Read More → | | Credit Risk Trends AI, Climate Risk and Data Analytics Among Top Credit Risk Trends for 2026Lenders and rating agencies identify AI-driven scoring, climate stress-testing and advanced data analytics as the three defining forces reshaping credit risk management through 2026. Read More → |
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Quick Updates · Around the Risk World Six short reads making news this month |
05Case StudiesLessons from the Field
Case Study · Operational Risk · Digital Banking
Digital Banking App Failure During Peak Transaction Period
A deep-dive into the anatomy of a critical digital banking app outage during peak transaction load — examining root causes, failure cascade, customer impact, regulatory notifications and the remediation architecture deployed to prevent recurrence. Essential reading for operational risk and technology risk professionals.
View Case Study →Consumer Protection · Insurance Dark Patterns in the Insurance Industry: Challenges, Consumer Protection and the Road AheadAn examination of how deceptive UI and sales design practices erode policyholder trust in insurance, with a regulatory and risk management perspective on effective countermeasures. View Case Study → | | Model Risk · RBI RBI's Draft Guidance on Regulatory Principles for Model Risk Management (2026)An analysis of RBI's landmark draft guidance — unpacking key regulatory principles, validation requirements, governance expectations and the implementation timeline for Indian banks. View Case Study → |
06Download Risk ReportsGlobal Reports · June 2026
Environmental Sustainability · Microsoft 2026 Environmental Sustainability ReportAccess Report → | | Banking Research · WJARR Emerging Trends in Risk Management with Reference to Banking IndustryAccess Report → |
Climate Risk · UNICEF The Children's Climate Risk Report 2026Access Report → | | Sustainable Development · UN The Sustainable Development Goals Report 2026Access Report → |
07New Online CoursesJust Launched · SmartOnlineCourse
Newly launched courses — enroll now and stay ahead in your risk management career
Data Privacy · Regulation Digital Personal Data Protection (DPDP) Act | | Insurance · Technology Insurtech: Driving the Digital Insurance Revolution |
Insurance Operations Claims Management in Insurance | | Banking · Credit Credit Documentation & Loan File Management in Banking |
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