Banking and Finance is very sensitive business wherein investors always looking for ROI and it is the sole responsibilities of the institute to secure stakeholders money. The same way Insurance Companies and brokers are very much responsible to safeguard the interest of the Insured. They are always running with the Operational Risks, Investment Risk, Currency Exchange Risks, Credit Risks, Financial Risks, and Political Risks etc. and to manage such risks control process must be very strong and without robust risk management system, it is very difficult to attain the positive results and goal.
