Mumbai Conference 2025 – Highlights

CONCLUDED

Conference Highlights

With megatrends becoming more intense and interconnected, there is also an increasing demand for companies to up their game towards resilience and agility. While AI still has limitations today, it is also a powerful tool to improve efficiency and reduce risk assessment time by up to 50%, enabling organisations to unlock time & resources to create additional value.
In the rising tide of unpredictable supply chain disruptions fueled by natural disasters, geopolitical instability, and labor disputes, it is even more important for risk managers to apply necessary risk mitigation measures and closely collaborate with industry partners to add a buffer against increased shipment delays, cargo losses, and insurance claims.
In this rapidly evolving risk landscape, traditional insurance covers only the tip of the iceberg of a loss event. ‘Unseen’ factors such as business interruption losses, reputational fallout, and the decline of stakeholder & investor confidence are prompting organisations to adopt more holistic, forward-looking strategies that go beyond traditional insurance coverage. Organisations must also take extra steps to safeguard their infrastructures and assets from worsening NatCat events.
Tailored for India’s booming infrastructure sector, surety bonds can be an additional tool to unlock greater certainty and confidence for stakeholders navigating complex project risks. This requires a deep understanding of specific project and third-party risks to fit the needs of the project.
With digital transformation accelerating across smart factories and power grids, key vulnerabilities exist within Operational Technology environments. A case study on the Stuxnet malicious computer worm’s workings demonstrated how cyber incidents can cripple operating facilities. Businesses need to fortify their cyber risk security and people risk fronts to heighten their defenses against attacks.
A case study on the Bhadla Solar Power Plant in Jodhpur, India showcased the impacts of climate change and associated NatCat events on renewable energy projects. It highlighted the importance of effective risk transfer and mitigation to de-risk renewable energy investments and support continuity & resilience – from managing weather disruptions and project delays, to navigating liability and long-term sustainability planning.