We Design Your Financial Destiny


(Precious) Words of Wisdom : "Never spend your money before you have earned it." ~ Thomas Jefferson

ERM Is The New Age Risk Manager

We’re living in the times of constant and consistent disruptions.

Technological and political events tend to influence the way industries function, and so they also influence how organizations function and the risks they face.

Organizations and investors face some amount of risk always. Both are always trying to combat it with the right mix of tools.

But for Insurance companies, risk becomes the most important factor as they are taking risks to manage risks. So risk management becomes their main function. Insurance companies manage business as well as investor risks. This requires a structure and a framework that is well researched, informed and considers all stakeholders risk..

icici-lombard-general-insurance

A recently published all India research report by ICICI Lombard (India’s largest private sector General Insurance giant) taps to identify the levels at which Indian companies undertake risk management.

It is titled "Readiness of India Inc. - Risk Management". It’s a comprehensive study of how Indians approach risk management, is it even important for them, what are the practices they adopt and how are the practices in turn performing or giving results and so on. 

The research places a strong emphasis on Enterprise Risk Management (ERM) as a holistic approach for companies to manage risks at all levels for companies across industries.

It offers a right mix of tools and practices, key elements and indicators and how can organizations align them with their business to turn tables for all constructive and productive reasons. Well researched and defined ERM modules can increase the comfort levels of all stakeholders. 

icici-lombard-general-insurance

Technological disruption affects every part of the business as today most of them rely on it.

A strategic ERM framework empowers the organizations to bring in the necessary changes and eliminate the stagnant practices. Thus organizations can take a focused approach in growing and navigating the tide without creating losses or missing out on opportunities. 


Disclaimer : This is a Sponsored Post.

An Investment In Knowledge Pays The Best Interest ~ Benjamin Franklin

101 Classic Tips Money Gyaan

You Learn A Lot By READING... And Even More By SHARING.

Share Button

Ignorance is like a SIGNED BLANK CHEQUE... anyone can MISUSE it.

Subscribe via Email
Powered by Blogger.

... Three VALUABLE Tips ...

1. Which Is The Best Day To Invest Your Money?
Best Day for Investment
My "unique" take on the auspicious days to make the best investments.

 


2. Housewives Too Can Become Millionaires
Millionaire housewives with compounding
Saving for MORE TIME gives much better results than saving MORE MONEY.

 


3. Twist In Credit Card Interest Calculations You Must Know
Credit Card Interest Calculation
Calculating Finance Charge on your Credit Card is LOT SIMPLER than this.