Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need for 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.
In western countries, Risk Management is an important area which has attracted the attention of Bankers, Insurers, Financial Institutions, Government, business houses, in forecasting the imminent risk in undertaking any project/work and taking suitable precautions to avoid or minimize the adverse impact of risk. Read more
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Microsoft CEO stresses on cyber security, cloud and AI in his visit to India
During his visit to India, Satya Nadela, CEO, Microsoft CEO Satya Nadella has stressed on the importance of cloud, cybersecurity and artificial intelligence while elaborating the transition of conventional computing system to the modern-age computing system. During the Future Decoded Read More …
Why is risk management important in modern supply chains?
The primary reason for businesses to exist is to make profits. In a perfect world, having a good product that caters to a specific need for a growing base of customers would ensure profits. Unfortunately, we do not operate in Read More …
Your team is facing a new Risk Management Challenge. What’s the best way to address it?
1. Identify the challenge The first step is to identify the nature and scope of the new risk management challenge. What is the source of the uncertainty or complexity? What are the potential impacts and consequences of the challenge? What Read More …
Companies Worldwide Could Face Customer Backlash if They Fail to Take Action on Climate Change
New global research* released today shows, in the next 12 months; 59% of consumers worldwide intend to start boycotting brands who don’t take action on climate change. There is also almost unanimous support for companies to not only do the Read More …
Why Innovation Is Riskier Than Ever
Today’s catastrophes – in the air, at sea, and on roads now traveled by driverless cars – are increasingly visible and complex. The root causes of such events, which disrupt business operations and erode shareholder value, can take months to Read More …
Why today’s banking CRO must be master of many trades
The EY/IIF global risk management survey results surface new challenges faced by today’s CRO as their strategic and tactical remit expands. In brief The CRO role has expanded and evolved to incorporate more issues even as the pressure to operate Read More …
Why Automating Financial Services Without Risk Management Can Be Reckless, And How To Automate Responsibly
Companies in every industry are embracing the power of automation. From streamlining processes to simplifying operations, organizations are finding new ways to increase efficiency and improve experiences for both customers and employees. For companies in the financial services sector, however, Read More …
Why today’s banking CRO must be master of many trades
The EY/IIF global risk management survey results surface new challenges faced by today’s CRO as their strategic and tactical remit expands. In brief The CRO role has expanded and evolved to incorporate more issues even as the pressure to operate Read More …
Uninsured losses of $32.94 billion in India due to natural disasters in five years: Swiss Re
Swiss Re has forecast that total insurance premiums in India will grow by 7.1 per cent in real terms, well above the global (2.4 per cent ), emerging market (5.1 per cent ) and advanced market (1.7 per cent ) Read More …