Page 4 - RMAI BULLETIN Oct - Dec 2019

RMAI BULLETIN OCTOBER TO DECEMBER 2019

Content About us
Risk Management has assumed great significance in
Cargolossprevention-Machineries the global economic scenario. More and more
(NewandSeconeHand) companies are recognising the need of implementing
-SumonGanguly 03 theconceptintheirorganisation.
Unless risk is monitored properly the very existence of
RiskManagementsystemmustprevail business may be at stake. The technological
advancement has revolutionised the ways of doing
inIndianInsurers'marketoperations
business but at the same time has posed new
-AnabilBhattacharya 07
challengestomanageandcontainrisk.
In western countries Risk Management is an important
Earthquake:Adosanddon't'sguidebyNDMA 16
area which has attracted the attention of Bankers,
Insurers, Financial Institutions, Government, business
houses, in forecasting the imminent risk in
NewsUpdate 18
undertaking any project/work and taking suitable
precautions to avoid or minimize the adverse impact of
risk.
Glossary 23
However in India though the importance of Risk
Management has been recognized but no concrete
RMAIActivities 24
step has been taken to establish it as integral part of
activity so that risks may be perceived in advance and
suitablemeasuresbetakentoavoidit.

In order to respond to the future challenges, Risk
Management Association of India has taken the
onerous responsibility to create a platform for Risk
Professionals, Insurers, Bankers, Corporates to
exchangelatestnews,articles,resourcesrelatingtorisk
management, encourage research and development,
provide certification to members, provide courses on
riskmanagement,conductwebinars,Conferencesetc.

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