India’s Greatest Business Risks to Be Revealed at RIMS Risk Forum 2019 India

NEW YORK, Oct. 24 -- The Risk and Insurance Management Society issued the following news release:

With nearly 70 percent of Indian professionals in agreement that forecasting critical risks is not getting any easier,/* collaboration and the exchange of risk management best practices has never been more important. RIMS, the risk management society(R), has announced the agenda for RIMS Risk Forum 2019 India (22 November in Mumbai) that will explore opportunities for businesses to more confidently and effectively address dynamic business risks in the country.

Co-emceed by RIMS CEO Mary Roth and RIMS India Regional Advisory Group Chair Nagumantry Roopkumar, the one-day event will bring India's risk management community together, providing attendees with access to thought-provoking insight and valuable networking opportunities. The Forum will cover a broad range of business risks that impact corporate decision-making, as well as innovative risk management strategies addressed in sessions titled:

* Building a Risk Culture in India

* Marsh / RIMS Excellence in Risk Management: State of Risk Management in India 2019

* Cultural Imperatives to Mitigate Fraud Risk

* Alternate Risk Transfer

* Emerging D&O Liability Risks

* Is Regulation the Biggest Risk to Emerging Business Models in India?

Featured speakers include:

* Nagumantry Roopkumar, Executive Vice President, Chief of Risk, Information & Cyber

* SBI Life Insurance Company Ltd.

* Harshit Baxi, Head - Internal Audit and Risk Management, Firstsource Solutions Ltd.

* Amber Gupta, Head Legal and Company Secretary, Aditya Birla Sun Life Insurance;

* Mrunal Pandit, Insurance Leader, Tata Global Beverages

"India's business economy continues to experience tremendous growth that has opened doors to countless opportunities for organizations to innovate and explore new strategies," said Roopkumar. "But, for success, organizations must embrace strong risk management practices and risk-aware corporate cultures that support important strategic decisions. RIMS Risk Forum 2019 India will showcase the Society's internationally recognized risk management thought leadership, offering a valuable experience for business leaders and risk management professionals from across the region."

At the event, RIMS will present the India ERM Award of Distinction. The award honors an organization for outstanding achievement in developing and applying enterprise risk management practices. Judging criteria includes the scope of the ERM program; how effective it is at engaging people throughout the organization; the program's link or connection to the company's overall mission; and its ability to create additional value for the organization. Last year, the inaugural award was presented to SBI Life Insurance Co. Ltd.

Foot notes:-

*/RIMS and Marsh Excellence in Risk Management: State of Risk Management in India 2018 Report asked respondents "How much easier/more difficult is it to forecast critical risks to your business today..." Sixty-seven percent were in the "Significantly More Difficult," "More Difficulty" and "The Same" categories.