Skip to main content

Excellence in Risk Management India 2021: Advancing Towards Resilience

The latest edition of the report has been prepared by Marsh India in collaboration with RIMS, the risk management society™.

High rise buildings night shot

We are pleased to share the latest edition of our report, Excellence in Risk Management India 2021: Advancing Towards Resilience, which has been prepared by Marsh India in collaboration with RIMS, the risk management society™. 

This report is based on the findings from an online survey of C-suite executives and risk professionals from leading firms across industries, conducted by Marsh and RIMS in August 2021, along with expert input from Marsh and RIMS specialists.

The report, launched at RIMS’s Risk Forum 2021 India on December 3, equip established and aspiring risk management professionals in the country with key insights on India’s rapidly evolving corporate risk landscape.

In this year’s findings, the continued effects of the COVID-19 pandemic and concerns about future public health crises remain top-of-mind for Indian business leaders. Prolonged recession, cyberattacks and data fraud, were highlighted among the other top risks for Indian businesses. 

Notably, only 10% of respondents stated they are fully prepared for the continued fallout from COVID-19 or a new health crisis, while over half (58%) said their organisations are “not or somewhat prepared” – highlighting a worrying gap in their deeper understanding of risk preparedness and building resilience against future critical events.

This year’s report also points to the need for greater development and innovation around insurance solutions that cover critical and emerging risks. 

Please feel free to reach out to us at contact.india@marsh.com for any discussion about the report or any other risk issues.

Excellence in Risk Management India 2021: Advancing Towards Resilience

Disclaimer: Marsh India Insurance Brokers Pvt Ltd is a subsidiary of Marsh McLennan.

Marsh India Insurance Brokers Pvt. Ltd. having corporate and the registered office at 1201-02, Tower 2, One World Center, Plot-841, Jupiter Textile Compound Mills, Senapati Bapat Marg, Elphinstone Road (W), Mumbai 400 013 is registered as a composite broker with Insurance and Regulatory Development Authority of India (IRDAI). Its license no. is 120 and is valid from 03/03/2021 to 02/03/2024. CIN: U66010MH2002PTC138276.