The collaboration goals to strengthen ERM in AI, Cryptocurrency and Fintech.
India Affiliate of Institute of Risk Management, the worldwide skilled physique for Enterprise Risk Management (ERM) and JB 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 information partnership. Under the settlement, the 2 organisations will work collectively throughout numerous platforms to lift danger consciousness and construct a extra resilient company construction. This is the third such partnership by IRM India Affiliate in direction of reinforcing the Indian trade’s danger practices with a view to stopping future crises.
Commenting on the partnership, 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, JB 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, JB Boda Group, additionally spoke in regards to the deserves of the collaboration, including, “As (re)insurance brokers, assessing, managing and transferring risk is the bedrock of all our operations and decision-making for our clients. The company has always emphasised enforcing risk management practices in all the industries they deal in with their corporates and multinational companies. When working with our clients, we have to be vigilant of risks present currently and ones that are foreseen in the future, to protect their interests through a measured approach. Implementing well-established ERM processes was a key factor in our having been able to optimise the operations and ensure business continuity in challenging times while continuing to provide exemplary service.”
“We are excited to collaborate with IRM India Affiliate to educate our clients in this space, not only in India, but globally where we operate in over 80 countries (in other countries as well), and spread awareness about the strategic importance and benefits of proactive risk management. As a leading organisation in the field of ERM education, IRM can make a valuable contribution to facilitating this awareness through their reach. With their expertise and our global network, we look forward to building greater resilience in the Indian and worldwide insurance industry for our clients in various fields,” Rohit added.
Together, the 2 organisations hope to handle the red-hot points in fintech, synthetic intelligence, cryptocurrency and lots of different areas, by way of numerous information initiatives similar to analysis papers, opinions and analyses and webinars to construct wider consciousness of ERM and its very important significance in constructing company resilience. Students who’ve cleared IRM’s examinations may also get alternatives to work with JB Boda Group.