Risk Management Association of India

Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need of implementing the concept in their organisation. Unless risk is monitored properly the very existence of business may be at stake. The technological advancement has revolutionised the ways of doing business but at the same time has posed new challenges to manage and contain risk. However in India though the importance of Risk Management has been recognized but no concrete step has been taken to establish it as integral part of activity so that risks may be perceived in advance and suitable measures be taken to avoid it. After the opening up of the Insurance Industry in 2000 due to extreme competition the concept of risk management is fading away. We will have to again develop an environment of Risk Management without which the Insurance Industry cannot exist and grow. Similarly the banking/financial sector is under extreme distress with rising NPA’s, Recent frauds in Banks, vulnerability of online transactions, Credit Risk, Interest rate risks, Operational risks. The Corporate world and businesses are too not aloof from business risk, strategic risk, and operational risk admist rising competition from new age entrepreneurs and startups. The entry of JIO in telecom industry is a classic example of disruption in the whole telecom market and has changed whole equation of business. 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 Our governing council and advisory board has eminent persons from the industry who has taken the initiative to take the journey forward.