Page 46 - Insurance Times JUNE 2022

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Events and happenings at Birla Institute of Management

Technology (BIMTECH)

International Conference at Nepal in Prof(Dr) Abhijit K. Chattoraj, Dean SW&SS and Professor
and Chairperson -Insurance Business Management
collaboration with Banking Finance and
Program, in his theme address, emphasized that the coming
Insurance Institute of Nepal (BFIN) decade would see a change in the nature, texture, and
gamut of risks. -there will be an outpouring of more risks
On 30th April, BIMTECH, along with BFIN, Nepal, organized
with varied intensity. Climate change, lifestyle diseases, and
a day-long conference at Hotel Aloft, Kathmandu, on
technological disruptions will work in different directions to
"Ushering Paradigm Shift in The Insurance Industry in The
germinate risks not experienced before. Disruption will not
Next Decade - Resilience to Change." More than 100 senior
be limited to digital-only. Disruptions in the form of harsh
officials of the insurance industry in Nepal and renowned
market conditions, demanding customers, and innovative
academicians and professionals from India, Nepal, and
new market players are all conspiring to transform the
Bangladesh joined the conference.
insurance industry.
Eminent speakers from India, Bangladesh, and Nepal joined
In his passionate valedictory address, Mr. Surya Prasad
the panel for various discussions on Climate Change, Cyber
Silwal, Chairman, Beema Samiti (Insurance Regulatory
Risk, health and life insurance, and Digital Technology. There
Authority) of Nepal, felt that Nepal's insurance industry must
was a session on how corporate must prepare to align to
scale up to build resilience to change.
meet the changing risks through insurance and risk
management. There was yet another exciting session Topics of Discussion
on'Exploring the talents for the future.In his Keynote
Theme One: Trends
Address, Prof(Dr)Harivansh Chaturvedi -Director of
(Climate Changes and
BIMTECH, highlighted the need to build resilience through
Cyber Risks) shaping the
insurance and adequate risk management to steer through
Insurance Sector and its
the turbulent future. In his welcome address, Dr. Binod
linkages to the Economy
Atreya, Managing Director -Banking and Finance Institute
Paper Presenter:
of Nepal, felt the time to forge resilience through regional
cooperation. Prof. Pratik Priyadarshi,
Associate Professor of
Insurance and Risk
Management, Birla
Institute of Management
Technology, Delhi, India
Panelists:
Mr. Syed Moinuddin Ahmed, Additional Managing
Director & Company Secretary, Green Delta Insurance
Co. Ltd.
Dr. Prakash Shrestha, Executive Director, Nepal Rastra
Bank
Mr. Susil Dev Subedi, Director, Supervision, Agriculture

46 The Insurance Times, June 2022