The article is about learning from aviation risk management to corporate risk management. Aviation risk management plays a vital role in providing safety to air passengers. The paper studies the key areas of development in the aviation industry, such as systematic thinking processes, the role of...

The paper highlights the life insurance risks such as mortality, lapses, and expenses. The paper explains these risks, discusses their measures and mitigation action. The paper also discusses the worse mortality experience due to COVID 19 during FY 2020-21 and FY 2021-22 assessed from...

The purpose of the article is to assess the level of any overlap between the second and third lines of defense in the global market. The level of overlap influences the independence of the two lines and the maturity of risk management and audit function. The data is obtained by conducting a poll

Though risk management and its application in the corporate world are new, its essence is very old. One must remember that risk is always about the future and the future is always unknown. There is no idea what will unfold in the future, however, some ideas about the future can be assessed based...

This document is a flow chart form is created to give a high-level view of the Life Insurance business from a shareholder’s point of view. This explains the role of capital that shareholders inject in relation to the achievement of profit and how risk management helps in the optimization of...

This article discusses the fundamental factor important in the management of risk. This fundamental factor is ‘Risk Identification”. Unless or until risks are not identified, the risk mitigation process cannot take off. Because of a lack of risk identification, most of the risks fall through...