Chennai, Nov 7 (UNI) Cholamandalam MS Risk Services Limited (CMSRSL), a joint venture between US Dollar two billion Murugappa Group and Mitsui Sumitomo Insurance of Japan, has been conferred with the prestigious ''Risk Manager of the Year'' award at the 11th 'Asia Insurance Industry Awards-2007' ceremony held at Singapore.
These awards were launched in 1997 by the 'Asia Insurance Review' along with 'The Review Worldwide' to recognise and salute excellence in the insurance industry, a Company release said here today.
The judging panel comprised of industry experts, regulators, practitioners and association heads.
With over 700 nominations received across 15 award categories from various regions, CMSRSL received this award for their pioneering solutions and introducing several firsts in the Indian risk management and risk engineering markets like thermography, Layer Of Protection Analysis (LOPA).
CMSRSL had proved with its consistent growth in the financial turnover that risk management and engineering consultancy could be a successful business model even when independent of an insurance company, the release added.