A unified, standardised corporate risk index that spans across industries & companies in India.
Risk has traditionally been seen as something to be avoided – with the belief that if behavior is risky, it’s not something a business should pursue. But the very nature of business is to take risks to attain growth. Risk can be a creator of value and can play a unique role in driving business performance, and so strategies for corporate risk management must be developed to help guide the business as it decides which risks to take.
Intelligent Risk-taking is a Winner’s Strategy!
Corporate risk comprises of various aspects of the business – spanning customer, competition, regulatory environment, business operations, technology, finances, environmental factors, etc. The impact of unplanned events which don’t have any precedence is significantly higher – accentuated furthermore because of the highly inter-connected nature of business today.
While there are varied scales and measurement techniques for individual risk elements that affect any corporate – e.g. rainfall, credit risk, earthquakes, quality, employee turnover, etc.; there is no credible, unified scale that measures corporate risk comprehensively – something that can be used as a yard-stick for corporate risk across companies, sectors and nations.
ICICI Lombard Corporate India Risk Index is the first ever unified, credible, standardised Corporate Risk Index that spans over the country level, the industry level and the company level.
This comprehensive index, developed in conjunction with our intelligence partners, Frost & Sullivan, evaluates the risk awareness, probability, criticality and preparedness of corporates across multiple sectors in India.
It will help the companies understand the level of risk that their business is facing and assist them in developing a successful risk aversion plan.
Please send a mail to ciri@icicilombard.com to know more about the ICICI Lombard Corporate India Risk Index.
ICICI Lombard Corporate Risk Index is based on the principles of Lean and Six Sigma that qualify business processes by measuring Effectiveness and Efficiency.
Corporate Risk Index score measures the risk mitigation practices undertaken by a company relative to its Risk Exposure.
The Corporate Risk Index for 2022 is based on published business performance reports, assessments, and insightful discussions with key executives of 220 companies in India across the key 20 sectors.
View methodology chart
The ICICI Lombard Corporate India Risk Framework is a comprehensive framework that draws upon global risk management best practices and comprises of 32 risk elements across 6 broad dimensions.
The Risk Framework measured across 4 parameters spanning exposure and management
Sector scores at a glance
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