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Risk Management A Balancing Act

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RISK MANAGEMENT - A BALANCING ACT Pillai Sreejith
Risk (Science) & Management (Art) ,[object Object],[object Object],“ Today’s total Risk Manager is the person who can combine art with science to master the challenges & opportunities of a fast-changing world”
RISKS- A Fact File ,[object Object],[object Object],[object Object],[object Object],[object Object]
RISK is a difficult concept to define!!!! And interestingly, (Risk is generally perceived with negative effects but it also signifies opportunity & growth )
Types of Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
RM Scenario in India ,[object Object],[object Object],[object Object]
CASE STUDY “ The Interdependence Between Insurance & Loss Prevention ”
The Investment Project ,[object Object],[object Object],[object Object]
Case Study Approach ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Appraisal of Project- Risk Management Considerations
Conclusion ,[object Object],[object Object]
Insurance & Risk Management ,[object Object],[object Object],[object Object],“ For every 1 rupee insurance, there is 8 rupee non-insured losses”
RISK MANAGEMENT is not GAMBLING !!! Making Risk Management Decisions Without Reasonable or Prudent Assessment could lead to business failure!!
“ Retention of Risk is Business” RISK RETENTION/ TRASFER IS FINALLY A TOP MANAGEMENT JUDGEMENT
CONVERTING THREAT INTO OPPORTUNITY !! “ Consider identified risks as opportunities to improve & not as threats”
Aftermath of a ‘Bush Fire’ in California “ Managing Risks Better Than their Neighbors” Ice Plants
Ideal Risk Management ,[object Object],[object Object],[object Object]
More on Risks……. ,[object Object]
Courtesy: The pictures used in the presentation are from various web sites. ,[object Object],[object Object],[object Object],[object Object]

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Risk Management A Balancing Act

  • 1. RISK MANAGEMENT - A BALANCING ACT Pillai Sreejith
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  • 4. RISK is a difficult concept to define!!!! And interestingly, (Risk is generally perceived with negative effects but it also signifies opportunity & growth )
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  • 7. CASE STUDY “ The Interdependence Between Insurance & Loss Prevention ”
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  • 10. Appraisal of Project- Risk Management Considerations
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  • 13. RISK MANAGEMENT is not GAMBLING !!! Making Risk Management Decisions Without Reasonable or Prudent Assessment could lead to business failure!!
  • 14. “ Retention of Risk is Business” RISK RETENTION/ TRASFER IS FINALLY A TOP MANAGEMENT JUDGEMENT
  • 15. CONVERTING THREAT INTO OPPORTUNITY !! “ Consider identified risks as opportunities to improve & not as threats”
  • 16. Aftermath of a ‘Bush Fire’ in California “ Managing Risks Better Than their Neighbors” Ice Plants
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