Page 4 - Risk Management Bulletin Jan- Mar 2021

RMAI BULLETIN JANUARY TO MARCH 2021

Content About us

Risk Management has assumed great significance in
the global economic scenario. More and more com-
Fraud Risk Management through panies are recognising the need of implementing the
Control Measures: Cost v/s utility concept in their organisation.
Shibyanshu Sharma 03
Unless risk is monitored properly the very existence
of business may be at stake. The technological ad-
Identifying Unknown Risks through
vancement has revolutionised the ways of doing
Mystery Shopping business but at the same time has posed new
Gaurav Jain 14
challenges to manage and contain risk.

In western countries Risk Management is an impor-
Crisis Management; Building
tant area which has attracted the attention of Bankers,
Corporate Resilience
Insurers, Financial Institutions, Government, business
Charlie Matheson 18
houses, in forecasting the imminent risk in undertak-
ing any project/work and taking suitable precautions
News Update 20 to avoid or minimize the adverse impact of risk.

However in India though the importance of Risk Man-
Here's how GIS helps in better
agement has been recognized but no concrete step
Disaster Management 22 has been taken to establish it as integral part of
activity so that risks may be perceived in advance and
suitable measures be taken to avoid it.
Glossary 24
In order to respond to the future challenges, Risk
Management Association of India has taken the oner-
Not taking risks one doesn't ous responsibility to create a platform for Risk Profes-
sionals, Insurers, Bankers, Corporates to exchange lat-
understand is often the best est news, articles, resources relating to risk manage-

form of risk management. ment, encourage research and development, provide
certification to members, provide courses on risk man-
Raghuram G. Rajan agement, conduct webinars, Conferences etc.

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