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India Affiliate of Institute of Risk Management (IRM India), a professional body for Enterprise Risk Management (ERM) qualifications, and ICICI Lombard General Insurance Company Ltd, have signed a Memorandum of Understanding (MoU) for knowledge partnership.

The two companies will work towards building a stronger, more risk-resilient corporate India, enabling them to embrace enterprise risk management more deeply in their business growth model.

IRM India seeks to work with ICICI Lombard from the insurance sector.

ICICI Lombard Chief Financial Officer and Chief Risk Officer Gopal Balachandran said, At ICICI Lombard, Enterprise Risk Management forms an integral part of our decision-making process.”

“This partnership will further strengthen ICICI Lombard’s endeavour to engage with the risk management community across business sectors, understand their challenges, and work together in developing effective enterprise risk management solutions,” he added.

IRM India CEO Hersh Shah said, As the economy picks up pace, businesses must remain conscious of emerging risks of a changing business environment. We chose ICICI Lombard as our first knowledge partner, because they are market leaders with a solid track record in driving a robust ecosystem built on the core fundamentals of ERM, with advanced and meticulous enterprise risk management practices.”

ICICI Lombard and IRM India will collaborate to build awareness on the need for enterprise risk management and its importance, through initiatives such as whitepapers, conferences, seminars, panel discussions and webinars.

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