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D. No. dt. drawn Rs- Signature seal of the authority Of the Sponsoring organisation Signature of the Participants. 04. 2012 to 26. 04. 2012 Date 1 Name 2 Address 3 Educational Qualification 4 Date of Birth 5 Position Held 6 Telephone No. 7 Fax No. 8 E-Mail 9 Sponsoring Organisation 10 Details of Fee Paid Cheque / D. INSURANCE INSTITUTE OF INDIA COLLEGE OF INSURANCE NOMINATION FORM Photo RISK MANAGEMENT PML ROLE SIGNIFICANCE Name of the Programme From -23.
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Risk management & PML refers to the process of identifying, assessing, and prioritizing risks followed by the implementation of measures to mitigate or control those risks. PML stands for Probable Maximum Loss.
Entities involved in high-risk activities such as financial institutions, construction companies, and insurers are required to file risk management & PML.
Risk management & PML forms need to be completed by providing detailed information about potential risks, their impact, and the proposed strategies to manage these risks.
The primary purpose of risk management & PML is to minimize the impact of potential risks on the business operations and financial stability.
Information such as the types of risks identified, their potential impact, the mitigation strategies in place, and the estimated Probable Maximum Loss must be reported on risk management & PML.
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