M. Rajendran is the Deputy Managing Director- Middle East and CEO of UAE Division at Al Futtaim Wills. Prior to that, he was CEO of AXA Gulf Insurance. He has 28 years of experience at senior levels in both insurance and insurance brokers, with expertise in underwriting, claims, risk management, reinsurance, sales and marketing, and general management. He is a charted insurance broker, holds an AIRM qualification from The Institute of Risk Management and is also an Associate of the Indian Insurance Institute.
About M. Rajendran
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You might not realize it, but you are in the risk business. We all are. No risk, no business. Just remember that the biggest risk points are usually where the biggest opportunities lie.
Raising staff morale, streamlining your outgoings, stabilizing your finances and adopting an agile culture are four of the most effective ways to ensure that your company survives a downturn.
There are threats which are all relatively new on the business landscape and companies get tripped up by them every day.
By planning ahead, entrepreneurs can significantly reduce the likelihood of their businesses running into costly problems in the future.
Risk engineering makes it easier for you to obtain the right levels of insurance and avoid the higher premiums typical of a risk profile consisting of unknown or unquantified risks.
Many companies in the Gulf are offering benefits in an effort to attract top talent and have a more engaged workforce, but is it worth it?
It's high time for businesses to consider the important question of risk management.