ChatGKirloskar

By Geetanjali Vikram Kirloskar  Change is coming to the insurance business, which will be even more pronounced in India. The societal perception of risk has increased over the last few decades, driven by natural calamities, accidents, machinery failures in an increasingly automated world, cyber threats and illnesses. While this increased risk perception can be seen as an opportunity for the global insurance industry, it also calls for the industry to reinvent itself before Big Tech, armed with increasingly powerful AI, disrupts the industry. In India, the insurance industry faces a turbo-charged opportunity and challenge. Indian society and economy will undergo a paradigm shift over the following decades. We will go from a low-income to a middle-income country in a decade, and if we stay on our current trajectory, we will be a high-income country in the next three decades. Projections are that affluent households with annual incomes over Rs 30 lakhs in today's money that can afford

Bengaluru, India: Bengaluru's prestigious Rashtreeya Vidyalaya College of Engineering, known affectionately as RV College of Engineering (RVCE), recently marked a significant milestone with its graduation day ceremony for postgraduate students. Established in Bangalore, India, in 1963, the institute has long been renowned for its academic excellence and contribution to the field of engineering. The ceremony culminated years of hard work and dedication and was a moment of inspiration and reflection as the graduates prepared to embark on their professional journeys. Among the notable highlights of the event was the commencement speech delivered by Geetanjali Vikram Kirloskar, a distinguished figure in the Indian industrial landscape. Addressing the gathering, Mrs Kirloskar drew attention to India's demographic advantage on the global stage. "As we all know, India has the fastest-growing youth population in the world. I am hopeful and confident that this demographic divi

  By Geetanjali Vikram Kirloskar As the sun rises today, it celebrates us, the women of New India. We are the architects of change, and the resilient embodiment of grace amidst chaos. Our presence resonates from boardrooms to classrooms, from bustling streets to serene villages. As Simone de Beauvoir wisely said, “One is not born, but rather becomes, a woman,” and indeed, each dawn brings with it the opportunity to redefine and reaffirm our identity. Amidst the hustle and bustle of our daily lives, let us not forget the torchbearers of tomorrow – the 100 million Gen Z teens and tweens in India today. To them, I say, dream more, do more, and be more. Your energy, innovation, and fearlessness will shape the future of our nation and the world. I don’t believe in rebellion. Conflict doesn’t solve problems. It only aggravates the situation. Indian women have the strength to handle complex situations and social norms to march ahead. To balance and to lead with love and compassion.  Ind

In the Japanese work culture, you will find that they always under-commit but over-deliver.  They take a lot of time to make a decision. You always feel they're slow, and when you speak to people who've done work with Japan, they will tell you that you have to be very patient; they're very, very slow; they take ages to get back, but they're not sleeping over it. What they're doing is very meticulous, studying every aspect of the proposal, drawing up a list of the risks, then drawing up risk mitigation plans with alternatives, scenario A, B, C. So when they get into so much detail, when it comes to execution, we found that we were able to execute very fast and there was a lower error margin.  So when you decide in a bit of a hurry, and you've not taken every factor into account, and you're trying to meet a very strong deadline to prove to yourself, you find that the error margin in execution gets delayed. Excerpts from Geetanjali Vikram Kirloskar's talk a

Blossoms of the breeze, India and Japan embrace cultural heartbeats. Trade winds from the east, India and Japan unite, economic feast.  India and Japan as societies have a lot in common and some synergistic differences. We are both Eastern, spiritually vital cultures.  We have both progressed over the past seven decades, one recovering from colonialism, the other from the devastation of World War II.  At the same time, we have differences that are complementary to each other. India is a young country with a demographic dividend to reap, while Japan's society is mature, wise, stable, and structured.  India's growing strength in new-age technologies complements Japan's leadership in automotive electronics.  Indian polity is boisterous and diverse, complementing Japan's structured serenity. No wonder an India-Japan partnership promises cultural heartbeats and an economic feast. Excerpts from Geetanjali Vikram Kirloskar's talk at IIM, Bangalore

Social consciousness is increasingly becoming a differentiating factor for businesses globally and therefore corporates and small and medium enterprises in India should strictly adhere to ESG (Environmental, Social, and Governance) standards, urged Geetanjali Vikram Kirloskar, chairperson and managing director, Kirloskar Systems and chairperson, Toyota Tsusho Insurance Broker India. This trend was driven by the fact that organisations across the globe preferred to do business with companies that have a reputation for sustainability, and ethical governance hence it was important for Indian businesses to embrace ethics, better governance and social consciousness, she said, while speaking at the opening session of Bangalore Chamber of Industry and Commerce (BCIC) Leadership Forum 2023-24 in October 2023.  “It is imperative that larger companies work with their suppliers in decarbonising their value chain. Going forward, social consciousness will be a differentiating factor for businesses