Page 4 - Risk Management Bulletin April -June 2021
P. 4
RMAI BULLETIN APRIL TO JUNE 2021
Content About us
Risk Management has assumed great significance in
Tropical Cyclones - A Challenge to the global economic scenario. More and more com-
Indian General Insurance Industry panies are recognising the need of implementing the
Shreenivas Vasudeo Kulkarni 03 concept in their organisation.
Unless risk is monitored properly the very existence
Artificial Intelligence (AI) - of business may be at stake. The technological ad-
"An Inevitable Transformation in vancement has revolutionised the ways of doing
Banking Sector" business but at the same time has posed new
Mohit Mishra 09 challenges to manage and contain risk.
In western countries Risk Management is an impor-
Non-financial Risk: A Multi-headed Monster tant area which has attracted the attention of Bankers,
Insurers, Financial Institutions, Government, business
Usha Yadav 13
houses, in forecasting the imminent risk in undertak-
ing any project/work and taking suitable precautions
to avoid or minimize the adverse impact of risk.
Cyber Insurance - A Risk Transfer Measure
Ashutosh Pande 17
However in India though the importance of Risk Man-
agement has been recognized but no concrete step
has been taken to establish it as integral part of
RMAI Membership Benefits 20
activity so that risks may be perceived in advance and
suitable measures be taken to avoid it.
Risk Management Update 21 In order to respond to the future challenges, Risk
Management Association of India has taken the oner-
ous responsibility to create a platform for Risk Profes-
5 Risk Management Trends &
sionals, Insurers, Bankers, Corporates to exchange lat-
Priorities for 2021 28
est news, articles, resources relating to risk manage-
ment, encourage research and development, provide
certification to members, provide courses on risk man-
Glossary 30
agement, conduct webinars, Conferences etc.
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