Risk Management in Current Scenario

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Risk Management in Current Scenario
Rs. 455

Availability: In stock


This book is a collection of articles written by the author, presented in a form of a book for readers to read all the relevant risk management topics at one place. The book presents key sections as Enterprise Risk Management, Financial and Operational Risk, Risk-Based Capital, Stress and Scenario Testing etc. As the Indian market is preparing for the risk-based capital, the book has few chapters on this. The book is written in a simple language for a non-risk person to understand easily.

The chapters can be read independently without reference to any previous chapter. The examples are drawn from the insurance sector, however, can be applied in many areas as risk management is a tool rather than a product. The first chapter starts with a very fundamental of risk management and takes the journey at a higher level.

The book is priced at Rs.399 Plus Rs.55 courier charges.







Mr. Sonjai Kumar is a passionate risk management professional, Certified Member of Institute of Risk Management, London. His passion for the risk management keeps him busy in creating awareness and knowledge for readers on the development of risk management subject at a global level. His intent is to create a strong risk community to serve the Corporate and the Government on risk reduction as a proactive approach rather than a reactive approach leading to the crisis management.

He has written several articles in different magazines, spoken at different conferences in India and abroad and has written many research papers. All this work comes out of his hobby apart from his regular day work in the insurance sector for last 24 years.


Important topics covered in the book

Section-1 : Basic Risk Management

a)    Risk Management from Game of Chance to Insurance Business

Section-2 : Enterprise Risk Management

a)    Enterprise Risk Management (ERM)

b)    Importance of Enterprise Risk Management in Life Insurance Sector

Section-3 : Risk Culture

a)    Current Risk Management Position in India

b)    Lessons from Global Financial Crisis on failure of Risk Management

c)    Risk Culture Essential for Effective Development of Enterprise Risk Management

Section-4 : Financial Risk

a)    Assets and Liability Management in Indian Context   

b)    Liquidity Risk in Life Insurance

c)    Assets and Liability Management in Life Insurance

Section-5 : Strategic Risk

a)    Importance of Strategic Risk Management in Corporate Success

Section-6 : Operational Risk

a)    Operational Risk Management

Section-7 : Risk Based capital

a)    Risk Based Capital - Issues and Opportunities

b)    Moving towards RBC

c)    Risk Based Capital over Traditional Approach in Insurance Sector

d)    RBC in the Indian Insurance Industry

e)    Risk Based Capital in Insurance Sector

Section-8 : Application

a)    Application of Stress Testing

b)    Broadening Risk Management domain understand tail Risks better

c)    Impact on Indian Life Insurance Players in the Presence of Global Risks

d)    Underwriting and Claims Management : A Risk Mitigation Tool for Mortality Risk

e)    Is extreme event predictable


Additional Information

Additional Information

Author Sonjai Kumar
ISBN 978-93-81489-48-9
Binding Paperback
Publisher Sashi Publications Private Limited
Language English

Customer Reviews 6 item(s)

Not to miss, if you are insurance professional
If you are a professional working in Life Insurance then it is something you should not miss. A book on Risk management ( specifically covering Life Insurance) written in very simple language by Sir Sonjai Kumar CMIRM, FRMAI, CRICP, SIRM, PIOR .
Each concept is explained by taking examples from our daily routine or day to day work. Here is the link for this wonderful book
Review by Rajat Gupta Senior Analyst (Actuarial) at MetLife / (Posted on 21/07/2018)
Excellent Book
Yes,I ordered and read half of the book. Book is excellent and very helpful to understand the topic.
Review by Prateek Kewaliya , Government Business Manager at Reliance General Insurance Mumbai, Maharashtra, India / (Posted on 21/07/2018)
A good read
Great read. Risk based capital is a good knowledge booster
Review by Riti / (Posted on 15/07/2018)
A good read
The book is written in a simple language covering different areas. I will recommend all the students and risk professional to have a copy of the book. Worth keeping
Review by KSK / (Posted on 14/07/2018)
A must read for Beginners as well as experienced Risk Professionals
Its an amazing book on Risk Management which gives holistic views on current trends, challenges and way forward. Very crisp and based on practical experience...once you wud start reading it, cant leave in between...total read time of approx 8 hrs..
Review by Rohit Agarwal (CFE, CAME, CFAP, MBA) / (Posted on 14/07/2018)
A good read
This book is a good read with short chapters on different aspects of risk management
Review by KS / (Posted on 30/06/2018)

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