Page 3 - Risk Management Bulletin Jan- Mar 2021
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RMAI BULLETIN JANUARY TO MARCH 2021

               RISK MANAGEMENT ASSOCIATION OF INDIA


                  Registered Under Societies Registration Act - 1961 Vide Registration No. S/73835 (WB)
                  Global body dedicated to Education, Research and Development on Risk Management

                    RMAI Quarterly Bulletin                                    Editorial

                VOL. IV - No. 01 - January - March 2021       Covid 19 was an extraordinary event which brought

             Council Members                                  the whole world to a standstill. Never before a
                                                              pandemic has disrupted the whole world at the same
             Mr. R.G.Agarwala, President
             Prof. (Dr.) Abhijit K Chattoraj, Vice President  time. Even the best Risk Managers did not qualify this
             Dr. Rakesh Agarwal, Secretary General            risk in their list of top emerging risks. Few surveys did
             Mr. Shyam Agarwal, Treasurer                     mention about pandemic risk but quite lower down
             Mr. Kishore Kumar L. Naik                        the order.
             Mr. Vineet Agrwal                                But this event should be a good learning for all
             Mr. Naren Bonnerjee                              Organisations and Risk Managers too. No risk can be
             Mr. Bilwa Banerjee                               considered as insignificant and must be given equal
             Advisory Council Members                         importance as we don’t know the possible impact.
             Mr. B D Banerjee                                 Particularly risks which are capable of impacting large
             Mr. Kamalji Sahay                                part of the world at the same time.
             Mr. G Srinivasan                                 Pandemic like this can strike again and this time we need
             Mr. Kaushal K Mishra                             to be better prepared. All companies must have policies
             Mr. Sridhar Kalyanasundaram                      in place to deal with such extraordinary situations.
             Mr. Somit Chitrey                                Technology will play an important role in mitigating the
             Mr. KB Vijay Srinivas                            operational risks arising from the disruption.
             RMAI Industry Experts                            Suddenly post pandemic the need for an effective risk
             Mr. Amol Padhye, RMAI Banking Expert             management department must be on the top priority
             Mr. N.K.V Roop Kumar, RMAI Life Insurance Expert  list of board of directors. This pandemic is not the end
             Mr. Anjan Bhattacharya, RMAI Life Insurance Expert  and may be the starting point for similar risks. It is the
             CA Ganesh Iyer, RMAI Life Insurance Expert       high time the management must give priority to
             Mr. Vikas Newatia, RMAI General Insurance Expert  developing and strengthening the risk management
             Mr. Avez Sayed, RMAI General Insurance Expert    department. Infact the risk management culture
             Mr. Surath Mukherjee, RMAI Corporate Expert      needs to be developed in the whole organisation.
             Mr. Dwaipayan Dutta, RMAI Industry Expert – Life and Health
                                                              Every department must have risk management
             RMAI Brand Ambassador                            element inbuilt and the Risk Management
             Mr. Shaik Gulam Afzal Biya Bani,                 Department should frame the policy and monitor it.
             Middle-East and North Africa (MENA)              Also we need to allocate more resources on research
             Mr. Kr Sumit Gaurav, Uganda
                                                              and development on various areas on Risk
             RMAI Academic Council                            Management. The Industry bodies and association
             Prof Manoj K Pandey                              should also organise awareness programmes on Risk
             Prof Pratik Priyadarshi                          Management and promote Risk Management Culture.
             Dr. A. A. Attarwala

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