Page 4 - Risk Management Bulletin February 2024

RMAI BULLETIN FEBRUARY 2024

Content About us

Risk Management has assumed great significance in the
global economic scenario. More and more companies are
How Geopolitical Risk can disrupt the recognising the need of implementing the concept in
whole Risk Management Strategy of their organisation.
an Organization Unless risk is monitored properly the very existence of
Geetanjali Matai 3 business may be at stake. The technological advance-
ment has revolutionised the ways of doing business but
at the same time has posed new challenges to manage
Identify the top emerging risks and and contain risk.
possible ways to mitigate those risks
In western countries Risk Management is an important
Parth Shankhdhar 8
area which has attracted the attention of Bankers, Insur-
ers, Financial Institutions, Government, business houses,
in forecasting the imminent risk in undertaking any
Biggest Risk management failure- Causes,
project/work and taking suitable precautions to avoid or
Remedy, and Lessons minimize the adverse impact of risk.
Stuti Banka 12
However in India though the importance of Risk Man-
agement has been recognized but no concrete step has
Emerging Risk been taken to establish it as integral part of activity so
Shivani Gupta 18 that risks may be perceived in advance and suitable
measures be taken to avoid it.
In order to respond to the future challenges, Risk Man-
Role of Risk Management professionals agement Association of India has taken the onerous
in emerging economies responsibility to create a platform for Risk Professionals,
Akhil Khanna 26
Insurers, Bankers, Corporates to exchange latest news,
articles, resources relating to risk management, encour-
age research and development, provide certification to
Glossary 30
members, provide courses on risk management, conduct
webinars, Conferences etc.

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