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Risk Consulting is a fast-evolving field and offers a great opportunity to build a practice of your own. Most risk professionals, at some point in time or the other, would have pondered over the possibility of running a consulting practice. Yet, not many take the plunge. A blog post hasContinue Reading

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The Institute of Risk Management has published “Institute of Risk Management – Risk Predictions 2021 – Resilience, Risk and Recovery”. Rama Warrier, Deputy Chair, India RIG observes as follows “Some of the geo-political developments have provided the impetus to many large corporates to de-risk by reducing their country dependence onContinue Reading

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Blockchain, as an emerging technology, has captured the attention of many industries. The ability of this technology to create distributed ledgers and de-centralize, has opened up several possibilities.   Insurance industry, across the globe, has been on the look-out to see if blockchain can provide the technology support to address the challengesContinue Reading

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Quite often UPR (Unearned Premium Reserve) and URR (Unexpired Risk Reserve) are used interchangeably. This is acceptable usually since the basic assumption is that the premiums collected are adequate from a technical price perspective. When that assumption is not valid, the usual practice of equating the two will not work.Continue Reading

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The Institute of Risk Management UK’s India affiliate and Startup initiative of Govt of India is collaborating to offer free online one-on-one consulting to startups. This is focused on helping early stage companies to understand and manage their risks better.Continue Reading

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Here in an excerpt from an article on ERM which I published in the Oct 2010 issue of IRDA journal… ___________________________________________________________________________ How to successfully implement ERM? The following are some critical points which should be kept in mind by any organisation that sets out on the endeavour to implement ERM.Continue Reading