Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The insurance industry has undergone significant changes over the years. The integration of advanced technologies such as artificial intelligence (AI) has paved the way for further evolution, offering improved efficiency, reduced costs and enhanced customer experience. Various AI applications are currently Read More …
Banks have requested the Reserve Bank of India (RBI) to relax the rules on reporting loan fraud. They told the RBI that the existing norms are too stringent, The Economic Times (ET) reported. The banks have sought a month’s time for reporting loan fraud to the RBI. Read More …
The increasingly noticeable negative effects of climate change have led to many regulatory initiatives and requirements in the insurance industry, both European and national. For this reason and due to growing customer preferences for sustainable insurance and financial products, insurance Read More …
More than ever, in the wake of the global disruption wrought by the COVID-19 pandemic, geopolitical upheaval, and supply chain disruptions and other inflationary pressures, risk management has proven critical to organizations’ operations and survival. Although some organizations might continue Read More …
Interest rates might be a challenge, but they are also an opportunity for insurers, Gus Ortega, head of operational risk management at Voya Financial, tells Risk.net Ortega warns that insurers must adopt a more comprehensive operational risk framework against known Read More …
Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to the latest insurance fraud technology study by the Coalition Against Insurance Fraud and analytics and AI leader SAS. The State of Insurance Fraud Technology study reveals that 80% of Read More …
The Cyber Crime Police arrested 24 people from Noida and Ghaziabad of Uttar Pradesh. They were held guilty of duping people in several states of India, the Police reported that these individuals pretended to represent various Insurance companies and in Read More …
At a time when India has managed to increase its forest cover to over 20 percent of its geographical area, forest health continues to show signs of strain. Regeneration is either inadequate or absent in about 45 percent of all Read More …
INTRODUCTION RISK is present everywhere and derives from the term“unpredictability”. When life itself is uncertain, nothing else in life can be certain and even the best laid plans undergo alterations midway and needs to be re-designed, altered and recast. Organizations Read More …
Cyber risks are among the greatest risks arising from digitalisation and interconnectivity Cyber risks are global: no market, sector or company is spared, irrespective of its size Munich Re is pursuing a holistic approach, offering its clients not only insurance Read More …