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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
  • 2.
  • 3.
  • 4. RISK is a difficult concept to define!!!! And interestingly, (Risk is generally perceived with negative effects but it also signifies opportunity & growth )
  • 5.
  • 6.
  • 7. CASE STUDY “ The Interdependence Between Insurance & Loss Prevention ”
  • 8.
  • 9.
  • 10. Appraisal of Project- Risk Management Considerations
  • 11.
  • 12.
  • 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
  • 17.
  • 18.
  • 19.