Page 3 - RMAI July-September 2018
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July - September 2018




                  Content                                                  About us




        RMAI RISK MANAGEMENT SUMMIT                             Risk  Management  has  assumed  great
                                                                significance  in  the  global  economic
        20 91                                      03           scenario.  More  and  more  companies  are

                                                                recognising the need of implementing the
                                                                concept in their organisation.
        Risk Management Association of India
        (RMAI) signs an MOU with Risk                           Unless risk is monitored properly the very
                                                                existence of business may be at stake. The
        Management Society(RIMS)to
                                                                technological  advancement  has
        collaborate for promotion of Risk
                                                                revolutionised the ways of doing business
        Management discipline in India  12                      but  at  the  same  time  has  posed  new

                                                                challenges to manage and contain risk.

                                                                In western countries Risk Management is
        Singapore Global Convention Risk &
                                                                an important area which has attracted the
        Ethics 2018                                13           attention  of  Bankers,  Insurers,  Financial
                                                                Institutions, Government, business houses,

                                                                in  forecasting  the  imminent  risk  in
        Enterprise Risk Management                 14           undertaking  any  project/work  and  taking

                                                                suitable precautions to avoid or minimize
                                                                the adverse impact of risk.
        Managing The Risk and Business
                                                                However in India though the importance of
        Insurance                                  20           Risk Management has been recognized but

                                                                no  concrete  step  has  been  taken  to
                                                                establish it as integral part of activity so that
        Risk Based Liquidity for India             28           risks  may  be  perceived  in  advance  and
                                                                suitable measures be taken to avoid it.

                                                                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  exchange  latest  news,
                                                                articles,  resources  relating  to  risk
                                                                management,  encourage  research  and
                                                                development,  provide  certification  to
                                                                members,  provide  courses  on  risk

                                                                management,    conduct  webinars,
                                                                Conferences etc.


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