Page 3 - Risk Management Bulletin Jan- Mar 2021

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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