Archive · 20 Jun 2025
India Risk Management Awards Highlights AI in Risk Strategy
Imagine a big award show for companies that are really good at managing risks.
This year, the show focused on how artificial intelligence (AI) can help.
AI is like a smart helper that can predict problems before they happen.
It helps in different industries like medicine, where it can speed up trials, or in insurance, where it can improve how claims are handled.
The experts discussed important things like making sure AI is fair and safe, while also helping India grow and become a developed country by using AI and the right strategies.
The winners of the awards are companies that are using AI to make their businesses stronger.
The 11th India Risk Management Awards (IRMA) celebrated corporate resilience in an AI-driven world.
The event focused on AI's role in risk management, covering technology, ethics, and strategy.
IRMA has grown from 25 entries to over 3,500 nominations across 60 categories.
AI is being embedded across businesses for tasks such as streamlining processes in pharmaceuticals, manufacturing, and insurance.
Discussions included the challenges of data bias, privacy concerns, regulatory oversight, and India's economic growth trajectory.
- Who
- Companies and risk leaders.
- What
- The 11th India Risk Management Awards (IRMA), which celebrated corporate resilience in a world increasingly shaped by AI.
- When
- The 11th edition.
- Where
- Not explicitly mentioned in the articles.
- Why
- To honor excellence in risk intelligence and discuss the role of AI in risk management.
Concerns with AI
Vision for India's Future
Challenges with AI
Concerns with AI
Data bias, privacy concerns and regulatory oversight
Vision for India's Future
N/A
- Event
- 11th India Risk Management Awards (IRMA)
- Theme
- AI in risk management
- Presented by
- ICICI Lombard in association with CNBC-TV18
- Keynote Speaker
- Dr. Arvind Panagariya
- Focus
- Intersection of technology, ethics, and strategy in risk management