ISO 31000:2018 is an international risk management standard. The standard provides guidelines, principles, framework, and a process for managing risk. It can be used by any organization regardless of its size, activity or sector. The application of these guidelines can be customized to any organization and its context.
"Chola MS has regularly demonstrated its commitment towards strengthening risk management processes and in establishing benchmarks in the industry at par with global leaders. We are happy to have become ISO 31000:2018 certified general insurance company. This will further strengthen our efforts towards building a robust organization, with demonstrated and superior risk architecture and one that's fully geared towards our vision 2025", said S S Gopalarathnam, Managing Director of Chola MS.
The Company has put in place a comprehensive risk management system to promote an innovative culture with the proper understanding of risks, to add sustainability to all the activities of the organization and to ensure adequate profitable growth which itself minimises enterprise risks.
The Certificate is valid for a period of 3 years from April 07, 2019, to April 06, 2022.
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