The VUCA (Volatility, Uncertainty, Complexity and Ambiguity) world, aptly described by our keynote speaker, Bridgestone India MP Parag Satpute, has brought risk management to the centre stage in this new normal. From merely a compliance activity to a contentious topic of discussion across boardrooms, risk management tops the agenda of every organisation the world over. To understand the disruptions caused by the black swan event in the Manufacturing sector and its impact on supply chains,
ICICI Lombard & CNBC-TV18 organised a specially curated “Risk Masterclass 2021”. It is a special initiative under the aegis of India Risk Management Awards that recognizes India’s leading organizations that have taken the lead in managing business risks.
The session kickstarted with a context setting address by Sandeep Goradia, Head, Corporate Solutions Group, ICICI Lombard General Insurance. He said, “As a part of the non-life insurance sector, we have always been working towards shifting our focus from being a risk transfer entity to playing a much more active role as a risk management partner.”
Sharing some alarming statistics on cybercrime, he said, “For cyber events 2021…
