Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The insurance industry has long struggled with claims processing delays, rising operational costs, and inconsistent customer experiences. Claims are the moment of truth for any insurer, yet they remain one of the most complex and manually intensive functions. This is Read More …
Introduction Quantitative risk analysis is a systematic approach to assessing risks using numerical and statistical methods. It involves quantifying the likelihood and impact of risks to provide a data-driven basis for decision-making. This approach is crucial for managing complex projects Read More …
Introduction Risk appetite is a critical concept in risk management, referring to the amount and type of risk that an organization is willing to accept in pursuit of its objectives. It is a fundamental aspect of strategic decision-making, as it Read More …
Introduction Risk assessment is a fundamental component of a company’s risk management strategy. It involves identifying, evaluating, and prioritizing risks to mitigate their impact on business operations and objectives. Effective risk assessment helps companies anticipate potential threats, allocate resources efficiently, Read More …
Introduction Third-party risk management (TPRM) is an essential component of a company’s overall risk management strategy. It involves identifying, assessing, monitoring, and mitigating risks associated with the use of third-party vendors and service providers. These risks can range from data Read More …
Introduction Operational risk management (ORM) is a critical aspect of a company’s overall risk management strategy. It involves identifying, assessing, monitoring, and mitigating risks arising from inadequate or failed internal processes, people, systems, or external events. The importance of ORM Read More …