Mumbai: Regulated sectors like banking, financial services and insurance (BFSI) have best risk management practices while new-age sectors still have a long way to go, according to Corporate India Risk index launched by ICICI Lombard.
The index, based on current situation information of corporates, is expected to help companies understand the level of risk their business is facing, develop risk aversion plan, and also attract foreign investments.
“Regulated sectors are more risk-conscious as the regulators manage to bring in consistency and discipline,” said Bhargav Dasgupta, CEO of ICICI Lombard.
BFSI has a very high risk exposure, but it has scored 65 in the index, indicating very effective and efficient risk management practices ICICI Lombard officials said.
