The collaboration goals to strengthen ERM in AI, Cryptocurrency and Fintech
Mumbai, April 05 2021: With an purpose to boost the ERM ecosystem within the nation, particularly within the insurance coverage and reinsurance broking sector, India Affiliate of Institute of Risk Management, the world’s main skilled physique for Enterprise Risk Management (ERM), and J.B. Boda Group, a 75-year-old insurance coverage and reinsurance broking and allied companies firm in India, have signed a Memorandum of Understanding (MoU) for a wide-ranging data partnership. Under the settlement, the 2 organisations will work collectively throughout varied platforms to lift threat consciousness and construct a extra resilient company construction. This is the third such partnership by IRM India Affiliate in direction of reinforcing Indian trade’s threat practices with a view to stopping future crises.
Commenting on the partnership, Mr. Hersh Shah, CEO, IRM India Affiliate, stated, “As our economy looks at revival, we have the perfect opportunity to strengthen this resurgence organically, by fortifying risk management practices and frameworks across various sectors. Building risk-aware agility is the only way to prepare a resilient corporate India that can counter any threats to business continuity in the future. With this goal in mind, IRM India Affiliate is partnering with leading firms from different industries in expanding risk-awareness, and creating a self-supporting and collaborative risk management infrastructure that includes entrepreneurs, business leaders, and professionals. As a modern insurance broking and solutions firm, J.B Boda Group is perfectly positioned to lead this industry transformation, and their insight into risk best practices in the domain will be invaluable.”
Rohit Boda, Managing Director, J.B. Boda Group, additionally spoke concerning the deserves of the collaboration, including, “As (re)insurance coverage brokers, assessing, managing and transferring threat is the bedrock of all our operations and decision-making for our purchasers. The firm has all the time emphasised on implementing threat administration practices in all of the industries they deal in with their corporates and multinational corporations. When working with our purchasers, we have now to be vigilant of dangers current presently and ones which are foreseen sooner or later, to guard their pursuits by a measured strategy. Implementing well-established ERM processes was a key think about our having been in a position to optimise the operations and guarantee enterprise continuity within the difficult occasions, whereas persevering with to offer exemplary service.
We are excited to collaborate with IRM India Affiliate to coach our purchasers on this house, not solely in India, however globally the place we function in 80+ international locations (in different international locations as properly), and unfold consciousness concerning the strategic significance and advantages of proactive threat administration. As a number one organisation within the area of ERM schooling, IRM could make a beneficial contribution to facilitating this consciousness by their attain. With their experience and our international community, we stay up for constructing higher resilience within the Indian and worldwide insurance coverage trade for our purchasers in varied fields.”
Together, the 2 organisations hope to handle the red-hot points in fintech, synthetic intelligence, cryptocurrency and lots of different areas, by varied data initiatives corresponding to analysis papers, opinions and analyses, and webinars to construct wider consciousness of ERM and its important significance in constructing company resilience. Students who’ve cleared IRM’s examinations may also get alternatives to work with J.B. Boda Group.