Page 52 - Insurance Times July 2023

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Events and Happenings at Birla Institute of Management

Technology (BIMTECH)

Participation in International seminar by the parametric solutions. Some of the other vital points
discussed were how to mitigate the effect of
BIMTECH faculty
sociodemographic changes and the potential for secondary
Prof. (Dr.) Abhijit K Chattoraj, Chartered Insurer, Dean loss agents, such as fire, tsunami, liquefaction and
(SW&SS), Professor & Chairperson, PGDM-IBM, BIMTECH aftershocks.
moderated a session titled 'Earthquake Experience from
Asia' at Asian Insurance Meet 2023, organised by the Nepal Training Programme on Campus
Insurance Authority with the International Association of
A day long training session was conducted under the
Insurance Supervisors (IAIS), Asia Development Bank(ADB)
guidance of Centre for Management Development and
and Access to Insurance Initiative (AIII) as conference
Consultancy(CMDC), BIMTECH the theme being "Boost your
partners at Yaki n Yeti Hotel, Kathmandu, Nepal on 9th June
Skills" on June 10th, 2023 in association with Financial
2023.
Professional's Round Table(FPRT) a Delhi based organisation
Dr. Chattoraj during the discussions stressed on the need to working for professional growth of people working in
have an integrated approach to deal with earthquake losses financial advisory businesses. Around 150 senior finance
by giving one bundled product covering property damage advisors coming from different parts of India participated
and accidental life losses. Some of the other vital points in the event.
discussed were how to mitigate the effect of
The event was inaugurated by Dr. H Chaturvedi, Director
sociodemographic changes and the potential for secondary
BIMTECH who talked about the need for upskilling in the
loss agents, such as fire, tsunami, liquefaction and
present times in a rapidly transforming financial world. The
aftershocks.
participants immensely benefitted by way of hands-on
The other distinguished panel members were Mr Damodar training by external experts and BIMTECH faculty. The
Bhandari -Assistant Chief Executive Officer, Nepal Re. Ms training programme started with by Prof. (Dr.) Abhijit
Neha Yadav, Business Development Director - Descartes, Chattoraj, Chairperson IBM Programme at BIMTECH who
Singapore and Mr Alok Kumar - Managing Director -India & took a session titled "Sharpen your negotiation skills followed
Global Head- Analytical Services, Mr Chunky Chhetry, CEO by a session by Mr. Harish Desai, Ex Development Officer,
Sagarmatha Lumbini Insurance Co Ltd. (SALICO) and Life Insurance Corporation of India(LIC) on "Growing
President Nepal Insurance Association made a very Business under new tax Environment". The third session was
informative opening presentation articulating the way taken by Mr. Amber Arondekar a well-known motivational
Nepalese economy made a recovery through Insurance. speaker "The Biggest Differentiator". Prof. Manoj Kumar
Mr Alok Kumar harped on the need for quality data and a Pandey, Associate Professor and Chairperson, Centre for
comprehensive end-to-end simulation-based framework for Management Development and Consultancy(CMDC),
quantifying future earthquake ground-shaking risk. Mr BIMTECH took a session on "Life Insurance Underwriting".
Damodar Bhandari shed light on the risk preparedness of
earthquake losses. Ms Neha Yadav talked at length about Lifetime Achievement Award conferred

46 July 2023 The Insurance Times