Financial Daily from THE HINDU group of publications
Monday, Dec 20, 2004
Financial Daily from THE HINDU group of publications Monday, Dec 20, 2004 |
|
|
|
|
|
Industry & Economy
-
Events Risk rating system to assess cos planned K.V. Kurmanath
Hyderabad , Dec. 19 LOSS Prevention Association (LPA) of India Ltd is going to introduce a risk rating system by the end of this financial year. "The rating system would evaluate companies and industries and rate them on parameters such as risk management, hazard management and disaster management abilities," Mr T.V. Viswanathan, Managing Director of LPA, told Business Line here. Mr Viswanathan was here in connection with the three-day national exhibition `Safety, security, fire, health and environment' (SSHE - 2004) being organised by LPA. LPA is supported by the General Insurance Corporation and four other state-owned non-life insurance companies. The proposed rating system would also look into the aspects like companies' ability to come back after absorbing a shock, if any. LPA has expertise in offering consultancy services in risk management. "Issues like business continuity and risk financing will be two important components of the rating," he said. According to him, the system would be broader when compared to similar systems in vogue globally. "Theirs (the West's) is a limited angle covering mostly safety and fire risks," he said. Itwould cover other aspects that measured companies' inherent strengths to face risks and their abilities to survive in case of risks.
More Stories on : Events | Accidents
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|