[caption id="attachment_27144" align="alignleft" width="92"] Sonjai Kumar[/caption] Background This article was inspired by McKinsey's report, “Elevating the risk function in insurance: Building a strategic advantage,” published in November 2024. The article…
Introduction There is a dearth of research on enterprise risk management (ERM) in the Indian insurance sector. The research started in 2020 to identify the inherent embedding of ERM within…
Background Insurance Companies in India are to keep reserves to meet the future liabilities, these reserves are kept based on prudential regulatory norms. However, regulators also prescribe additional money that…
Risk management is not a subject that gives a product with a clear price tag sold in the market such as life insurance, health insurance, general insurance, pensions etc. Such…
Background Development The history of Operational risk is not very old, its genesis lies in the banking system, before 1999 when Basel Committee took charge of defining the operational risk,…
The Kerala flood has brought the focus of the nation towards the havoc it has created, kind of losses it has done, rescue activity that is taking place and restoration…
Introduction As a risk management professional, I have directed front line of defence in the corporate many times to read and understand the risk management framework. This is because, risk…
Introduction Reserve Bank of India (RBI) produces once in every two months monetary policy through Monetary Policy Committee (MPC). The primary objective of monetary policy is to maintain the price…
Introduction Though risk management and its application in the corporate world are new, its essence is very old. One must remember that risk is always about the future and future…
Introduction This write-up draws up a parallel between the medical profession and risk management profession. Both doctors and risk management professional perform their duties in treatment of patient/risk. The doctors…