The Kerala flood has brought the focus of the nation towards the havoc it has created, kind of losses it has done, rescue activity that is taking place and restoration cost that is required to bring back life to normalcy. Read More …
Category: Risk Management-Insurance
Flood Risk Management
MANAGING MARINE RISKS
INTRODUCTION Many international conferences have been held to discuss and debate the problem of handling maritime risks that is, risks at sea which affect the movement through mighty oceans and seas of massive tankers, cargo shipsand many water borne vessels 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 …
Captive Insurance
Introduction: Risk is managed by retention or by transfer. Retention of risk is insurance by self and transfer of risk is termed as commercial Insurance. An owner by not transferring risk bears with the unforeseen losses. These losses are often Read More …
The Risk Management Process
In practice, risk management consists of certain logical steps: identification, measurement and evaluation control through reduction or elimination, and finance. Risk Identification: The first phase – risk identification – is really the key to the whole process. The risk manager Read More …