The 3rd edition of the India Risk Report 2025 by ICICI Lombard and the Institute of Risk Management (IRM) - India affiliate highlights how technological disruption and global realignments are reshaping India's risk landscape, creating both vulnerabilities and opportunities.
The objective of the risk report is to help organisations assess their risk culture maturity, identify gaps, and adopt concrete actions to foster resilience. A nationwide survey of 227 respondents was conducted across various functions for over 2 months.
The report revealed that while some organisations show strong process maturity, cultural development lags behind, pointing to the need for consistent, organisation-wide implementation of risk identification, control measures, and insurance strategies. Strong processes are critical, but continuous evaluation and uniform application across all functions ensure that risk policies are effectively translated into actionable, enterprise-wide mitigation.
A few organisations exhibited both strong culture and process maturity, with most still are at an early stage of risk culture. This underscores that leadership-driven initiatives promoting accountability, ethical decision-making, knowledge-sharing, and cross-functional collaboration are essential to build resilience, foster innovation, and prepare organisations to respond effectively to disruptions.
A majority of organisations report preparedness for technology, cyber, and talent risks, but gaps persist in translating strategy into actionable measures. Strengthening risk management by integrating strategy, capability, and forward-looking practices enables enterprises to address emerging exposures, enhance resilience, and respond agilely to unexpected disruptions.
The report underscores that organisations are viewing technology, evolving trade conditions, and other risks as strategic opportunities rather than mere threats. By leveraging technology adoption, market realignments, talent management, and operational resilience, enterprises can drive innovation, enhance efficiency, create long-term value, and maintain a competitive edge.