i-ERM empowers organizations to assess, mitigate, and monitor risks seamlessly, aligning risk
strategy with overall business goals.
It is designed to embed risk management into core business processes enabling better visibility,
improved control, and a faster response to potential threats. From ensuring regulatory
compliance to maintaining operational continuity, i-ERM integrates risk oversight across all
levels of the organization.
With increasing oversight from investors, regulators, management teams, and customers, i-ERM
fosters a transparent, accountable, and forward-looking risk culture helping businesses stay
resilient, agile, and prepared for the future.
Why Choose i-ERM?
The key features of the solution are:
Risk & Control Self-Assessment (including risk aggregation and risk quantification &
analytics)
Top Risks & Key Risk Indicators
Incident & Operational Loss Management
Issue & Action Plan Management for tracking actionable status
Risk Appetite
Enterprise Risk Management Reports and Graphical Dashboards
Data Repository
Technical requirements like information security
Built on latest technology this solution adds immense strategic value to financial entity and
enables it to be aligned with regulatory requirements as well.
Functional Architecture
Frequently Asked Questions (FAQs)
ERM is an organization’s approach to managing risk. It is the sum total of
practices, policies,
and framework for how an organization handles a variety of risks its
business faces. ERM is important
because it helps prevent losses or unexpected negative outcomes.
Regulatory authorities have time and again issued instructions & guidelines
to Financial Services
entities to set high standards in governance especially for aligning Risk
with Business Strategy.
The “risk appetite” of a Financial entity is the aggregate of all levels and
types of risk it is
willing to take in order to achieve its strategic business objectives.
A Financial entity’s Risk Appetite Framework is the overall approach to
establish, assess and monitor
risk appetite. It considers the various risks to the entity as well as to
its reputation.
Subsequent to multiple crises, the Financial Services Sector felt the need
for an Enterprise Risk
Management (ERM) framework.
Risk & Control Self-Assessment (including aggregation, quantification &
analytics)
Top Risks & Key Risk Indicators
Incident & Operational Loss Management
Issue & Action Plan Management
Risk Appetite Framework
ERM Reports and Graphical Dashboards
Central Data Repository
Compliance with Information Security requirements
The primary objective of ERM is to maximize organizational value by managing
risks effectively.
Implementing ERM ensures objectives are aligned with the mission, consistent
with the organization’s
risk appetite, and supportive of strategic goals.
The ERM process includes five specific elements:
Strategy & Objective Setting
Risk Identification
Risk Assessment
Risk Response
Communication & Monitoring
ERM enables forward-looking strategic risk insights, quantitative KRIs, and
actionable monitoring.
It helps organizations anticipate risks, take corrective measures early, and
enhance resilience
through structured mitigation planning.
The ERM framework developed by IDBI Intech captures critical building blocks
identified from successful
implementations in the insurance industry. We work closely with customers
from concept to deployment,
ensuring accurate risk exposure assessment at multiple levels.
Yes. The solution has been widely recognized and acclaimed by BFSI forums
and awarded at the Banking
Frontiers Technoviti Awards in May 2022.
