Celebrating risk champions at the 10th India Risk Management Awards

Celebrating a decade of excellence: The India Risk Management Awards

Lauding the new age risk practitioners

A Risk Masterclass on Bolstering Resilience in the Manufacturing and Service Sectors

Masterclass on New Age Risk Management

Pandemic lessons: Risks, resuscitation and resilience within the manufacturing sector

Managing Risks in a Borderless Economy

Managing new risks without forgetting the old

Sunrise sector adapting to new risks

Taking risks: How the manufacturing sector recovered

Technology changes creating new avenues in risk management

Effective ways for companies to tackle emerging risk

What are the 3 Covers Against New Age Risks That are Gaining Popularity Among companies

Businesses grappling with new-age risks along with traditional ones: Carmen Reinhart

Everyone in an organisation should be a risk manager

Cyber attacks can cause massive disruption to companies

Corporate sector raising its guard against new-age risks like cyber attack, phishing

How to de-risk yourself in the age of technological disruption- Hyderabad Edition

Managing risk is a combined leadership effort; not limited to IT manager

How to de-risk yourself in the age of technological disruption – Mumbai Edition

How to de-risk yourself in the age of technological disruption - Delhi Edition

IRMA

Enquiries

Thank You for your interest on the 9th edition of the India Risk Management Awards. The awards shall put a spotlight on how companies can devise &amp; deploy a risk mitigation architecture that augments the strength of businesses &amp; creates a balance between risks and rewards in the new normal. 
 Kindly share the below details for us to reach out to you to answer your queries

Managing a company’s risk at a strategic level requires a lot of focus, meaning generally emphasizing not more than five to 10 risks. The day-to-day risks are an ongoing operating responsibility and need to be dealt regularly

What are the company’s top risks, how severe are their impacts for the organization and how likely are they to occur?

The enterprise wide risk assessment process should be responsive to change in the business environment. A robust process should be implemented for identifying and prioritizing the critical enterprise risks, and these should also include emerging and new risks

How often does the company refresh its assessment of risks?

A company can be infatuated with its business model and strategy as it fails to recognize the changing paradigms until it is too late for them to realize the effects. While no one knows for sure what will happen that could invalidate the company’s strategic assumptions in the future, monitoring the validity of key assumptions over time as the business environment changes is a smart thing to do.

Do company’s understand the key assumptions underlying its strategy and align its competitive intelligence process to monitor external factors for changes that could alter those assumptions?

To provide input to executive management regarding critical risk issues on a timely basis, directors must understand the business and industry, as well as how the changing environment impacts the business model

Does the board need have the requisite skill sets to provide effective risk oversight?

Faqs

ICICI Lombard General insurance Company Limited is the largest private sector non-life insurer in India based on gross direct premium income in fiscal 2020 (Source: IRDAI). They offer their customers a comprehensive and well-diversified range of products, including motor, health, crop, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. More details are available at <a href="https://www.icicilombard.com/" target="_blank"> www.icicilombard.com.</a>
 As a reputed and established player in the industry, not only do they have a wide range of risk management solutions, but they also strive to make those solutions as customer-centric as possible, with a constant focus on value enhancement. Harnessing the power of technology, they offer innovative protection to individuals and businesses of all sizes, in both rural and urban areas. Their two decades of presence and operations across India have given them a wealth of experience and insight into customer requirements. They have reached a position where they can frequently anticipate needs and surpass expectations. Delivered by teams for whom excellence is central to their functioning, their services are benchmarked to the best international standards. At the cornerstone of their success are their values and culture. Their unflinching commitment to integrity and transparency spans the entire lifecycle of customer relationship, from policy advisory to policy renewal and claim settlement. 
 Please also touch upon our awards. Details are available on: <a href="https://www.icicilombard.com/about-us/awards" target="_blank">https://www.icicilombard.com/about-us/awards </a>

GENERAL INSURANCE COMPANY LTD.

ICICI LOMBARD

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