Page 3 - Risk Management Bulletin February 2024

RMAI BULLETIN FEBRUARY 2024

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

VOL. VII - No. 01 - February 2024
Council Members Editorial
Mr. R.G.Agarwala, President
Prof. (Dr.) Abhijit K Chattoraj, Vice President
Dr. Rakesh Agarwal, Secretary General Risk management is transcending its conventional role as a
Mr. Shyam Agarwal, Treasurer guardian against potential threats. The industry is increasingly
Mr. Vineet Agrwal embracing a holistic concept of enterprise resilience. Beyond
Mr. Naren Bonnerjee mitigating risks, organizations are proactively cultivating a
Mr. Bilwa Banerjee resilient culture that encompasses adaptive strategies, crisis
Mr. Vivek Kumar Naik
Mr. Deepak Choudhary response frameworks, and an innate ability to thrive in the face
of uncertainty. This shift positions risk management as a
strategic enabler for organizational agility and sustainable
Advisory Council Members
Mr. B D Banerjee growth.
Mr. Kamalji Sahay Risk management is no longer a siloed function within
Mr. G Srinivasan
Mr. Kaushal K Mishra organizations; it's part of a larger ecosystem. The industry is
Mr. Sridhar Kalyanasundaram witnessing the rise of collaborative risk ecosystems where
Mr. Somit Chitrey organizations, regulators, and stakeholders actively share
Mr. KB Vijay Srinivas insights and intelligence. This collaborative approach
Mr. Vivek Kumar Naik strengthens the collective resilience of industries against
Mr. Deepak Choudhary systemic risks. By fostering a culture of shared responsibility,
organizations contribute to a risk-aware environment that
RMAI Industry Experts transcends individual corporate boundaries.
Mr. Amol Padhye - Banking
Mr. N.K.V Roop Kumar - Life Insurance Technology is not just a tool within risk management; it's a
Mr. Anjan Bhattacharya - Life Insurance transformative force reshaping the very foundations of how we
Mr. Ganesh Iyer - Life Insurance perceive and manage risks. Artificial intelligence, machine
Mr. Vikas Newatia - General Insurance learning, and data analytics are ushering in an era of predictive
Mr. Avez Sayed - General Insurance and prescriptive risk insights. The industry is witnessing a
Mr. Surath Mukherjee - Corporate
Mr. Dwaipayan Dutta - Life and Health metamorphosis where technology is not merely adopted but
Mr. Kr Sumit Gaurav - Life Insurance, Uganda embedded into the DNA of risk management processes,
facilitating informed decision-making and strategic foresight.
RMAI Brand Ambassador Environmental, Social, and Governance (ESG) considerations
Mr. Shaik Gulam Afzal Biya Bani, are emerging as the moral compass guiding risk management
Middle-East and North Africa (MENA)
strategies. Organizations are acknowledging the profound
impact of non-financial factors on risk profiles. From climate
RMAI Academic Council change risks to social responsibility considerations, ESG
Prof Manoj K Pandey
Prof Pratik Priyadarshi integration is not just about compliance but a commitment to
Dr. A. A. Attarwala responsible and sustainable business practices. This holistic
approach aligns risk management with broader societal
Registered Office expectations, fostering ethical resilience.
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