ICICI Lombard sets up index to track risk exposure in sectors, companies

Indian companies have a score of 57, indicating optimised risk handling methods, says the index

Private sector general insurer ICICI Lombard has come out with a corporate India risk index, an indicator of a company’s risk exposure and preparedness. It spans across 15 sectors of the economy and has 150 companies under it, currently.
 
According to the index, India Inc’s score is 57, which implies that firms are handling risks effectively. However, at a more granular level, the index indicates that new-age companies, and those in hospitality and logistics sectors could do a lot more in terms of handling risks.
 
Companies are mostly engaging with operational and natural hazard risks because of the