Announcements

  • Nine Universities Selected to Compete at RIMS 2017 Annual Conference & Exhibition in Philadelphia

    RIMS, the risk management society™, selected nine universities to compete in Philadelphia for the 2017 Spencer-RIMS Risk Management Challenge top honor. Twenty-three university teams entered the competition. Based on the solutions they developed for a case-study provided by PayPal Inc., the top teams have been invited to present their findings at RIMS 2017 Annual Conference & Exhibition in Philadelphia – April 23rd – 26th.

    The top nine teams, including the challenge’s first university team from outside North America, are listed below:

    • Appalachian State University
    • British Columbia Institute of Technology (Canada)
    • Butler University
    • Florida State University
    • Nanyang Technological University (Singapore)
    • St. Joseph's University
    • St. Mary's University
    • Temple University
    • University of Wisconsin-Madison

    On April 23rd, the final three teams will be selected after the first round of presentations. The finalists will present one last time in front of risk professionals at the conference the following day. The winner will be announced at the Spencer Educational Foundation reception held during the conference.

  • President's Corner: Now We're Rocking

    CNN has ranked risk management #2 on its list of Best Jobs in America and, I can attest, the opportunities that are available and the increasingly positive reputation that risk professionals are earning for adding value to organizations transcends all geographic borders. 


    Last month, RIMS sent a delegation of Board Directors and staff to India to meet with prominent players in the country’s risk management and insurance industry.  We had the privilege of meeting with many risk practitioners, industry leaders, academics and students, and organizations such as the Insurance Regulatory and Development Authority of India and the Institute of Company Secretaries of India. At the Institute of Chartered Accountants of India, we delivered a webcast titled, “Gaining Value from ERM” to about 1,800 of their members. 


    As part of the trip, the delegation attended the Institute of Directors Global Convention on Corporate Ethics & Risk Management, held at the Bombay Stock Exchange in Mumbai.  There, I had the opportunity to deliver a keynote and share my thoughts on the intersection between risk management and ethics, and how ERM can help to drive and support an ethical corporate culture. 


    RIMS global initiatives continue this month.  I’m thrilled to be able to visit RIMS Japan Chapter and meet with our growing membership in Tokyo and Osaka.  The concept that risk professionals can play a major part in the organization’s ability to successfully innovate continues to gain momentum in Japan, and I’m honored to speak on this topic.  


    As you can imagine, the majority of our efforts are now focused on RIMS 2017 Annual Conference & Exhibition.  Just months away from the largest annual risk management event in the world, RIMS staff and volunteers are working around the clock to make this the best “RIMS” yet. 


    Scheduled for April 23rd – 26th in Philadelphia, this year’s conference program features 168 educational opportunities, presentations from nearly 350 subject matter experts, 400 exhibitors and countless networking opportunities with over 10,000 risk professionals from around the world. 

    A new addition in 2017 is the Executive Leadership Track.  The track is developed specifically for senior professionals that drive strategy throughout their organizations. We’ve enlisted some of the world’s leading business thinkers and strategists to present these high-impact sessions and have opened them up to all registrants. You can see the list of Executive Leadership Track speakers here.

    Other new additions to RIMS 2017 include the Technology and Risk education category with focus on innovation; RIMS Risk Manager of The Year and Risk Management Honor Roll Awards Breakfast on April 25th; and a Wellness ZENter located centrally in the Marketplace Exhibit Hall.

    The Anita Benedetti Student Involvement Program has been a longstanding initiative where we invite exceptional university students to experience the RIMS Annual Conference. This year, we have expanded the program and, for the first time, we will welcome students from universities outside of North America.  Jing Chen from Peking University (Beijing), Siming Fan from Peking University, Xinyi Huang from Fudan University (Shanghai) and Ashirwad Padhee from the National Insurance Academy (Pune, India) will attend RIMS 2017.

    Finally, I would like to call your attention to two new reports issued by RIMS this month. The Benefits of Developing an Own Risk and Solvency Assessment Report developed by members of a joint project team representing the ERM Committees of the Property Casualty Insurers Association of America (PCI) and RIMS, and A Risk Management Guide to Reservation of Rights report put together by members of RIMS Standards and Practices Council. These and many other useful reports and surveys are available in RIMS Risk Knowledge library.


    The first two months of 2017 has flown by, and RIMS is rocking and rolling. It is our priority to deliver the ultimate in risk management knowledge and opportunities to our members all year. And, for me, it has been more than rewarding to be a part of the action. Thank you.

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • RIMS Awards Risk Manager of the Year to Google's Loren Nickel -- Honor Roll Winners Announced

    RIMS, the risk management society™, has announced Loren Nickel, Director of Business Risk and Insurance at Google, as the 2017 RIMS Risk Manager of the Year.  The award will be presented to Mr. Nickel at a ceremonial breakfast and panel discussion at RIMS 2017 Annual Conference & Exhibition on April 25th in Philadelphia.

     Benjamin Evans, Executive Director, Office of Risk Management and Insurance at the University of Pennsylvania; Juliana J. Keaton, Director of Insurance at CSX Transportation, Inc.; and Scot Schwarting, Director of Risk Management at Whirlpool Corporation were named to the 2017 RIMS Risk Management Honor Roll.

    Recently acquired by RIMS, The Risk Manager of the Year program aims to raise the profile of the risk management profession and the outstanding programs practitioners have implemented within their organizations. The program was initiated in 1977 and the Risk Management Honor Roll was added in 1981.

     “Organizations have come to rely on risk professionals’ knowledge and ingenuity to navigate the rapidly evolving and increasingly more complex risk landscape,” said RIMS CEO Mary Roth. “This year’s RIMS Risk Manager of the Year and Honor Roll awardees have risen to the occasion and successfully turned uncertainty into great opportunities for their organizations. 

    “Loren Nickel’s success at Google exemplifies the invaluable role risk professionals can play in allowing their organizations to achieve strategic objectives. It is an honor and privilege for RIMS to recognize the achievements of these outstanding professionals.”

    Any full-time professional who administers risk management programs for a corporate, nonprofit institution or government entity is eligible for submission in the Risk Manager of the Year program. The nominations are judged by an independent panel representing prior honorees and other risk management and insurance industry leaders. 

    ABOUT THE WINNERS

    RISK MANAGER OF THE YEAR:  Loren Nickel

    Loren Nickel joined Google in 2015 and currently serves as its Director of Business Risk and Insurance. He is responsible for business risks that impact all Alphabet Inc. (formerly known as “Google”) companies worldwide – a company that has $90 billion in annual revenue, 72,000 employees and a current market cap of $579 billion.

    In his first year at the organization, he focused on building the foundation for future risk management efforts. Such efforts included the implementation of a Total Cost of Risk tracking system, an internal version of the Best Capital Adequacy Ratio used to rate its captive, a risk based monitoring system for emerging risks, a loss measurement system called the “actual versus expected” report, as well as creating a customized multi-line risk policy.

    Loren co-developed (along with Ward Ching from Aon) the theory behind an important strategic risk management effort, the Efficient Frontier. Used for insurance structure decision-making, the Efficient Frontier helped the organization simplify such decisions and demonstrated the opportunity to significantly reduce risk as measured by Total Value at Risk, all without an increase in spending.

    Because Google continues its rapid growth, insurance structures are often less applicable by the end of the contract. In the past 18-months, Loren and the risk management team have created five and ten-year risk management plans to compensate for this evolution. These plans allow them to focus on future placements during the current renewal process, ensuring that Google has better protections in place in future periods.

    Loren brings a wealth of educational experience to the role of risk manager. He is a qualified actuary, FCAS of the Casualty Actuarial Society and a CFA Charter holder of the Chartered Financial Analyst (CFA) Institute. He is also a board member of the University of California Santa Barbara actuarial program and the Insurance Thought Leadership organization. He was the President of the Casualty Actuaries of the Bay Area for more than six years.

    RISK MANAGEMENT HONOR ROLL: Benjamin Evans

    Ben Evans joined the University of Pennsylvania in 2008 as its Executive Director of Risk Management and Insurance. The University, which includes the University of Pennsylvania Health System, is the largest employer in Philadelphia with about 52,000 full-time equivalent employees. It has more than 24,000 students, risk and exposures in more than 80 countries, a fiscal operating budget of $7.7 billion (2016), revenue exceeding $8.5 billion, an endowment of more than $10 billion and it receives $940 million annually in sponsored research funds.

    Ben has transformed the University of Pennsylvania’s Office of Risk Management and Insurance into a strategic, global, enterprise-wide risk management practice that has reduced losses, improved safety and lowered the total cost of risk. He manages self-insurance programs, approximately 50 traditional commercial insurance policies, a fine arts insurance and risk management program, a portfolio of over 40 surety bonds, an international safety, security, and travel assistance program, and third-party administrators. He also serves as the president of two risk retention groups, is the president of a captive and has a board position on two other captives.

    The organization has expanded during Ben’s tenure in areas that have included the Penn Wharton China Center (Beijing) and the addition of two acute care hospitals to the UPenn Health System.  The new culture of risk management Ben has fostered has been a major contributor to understanding the risks that comes with such expansion and the treatment of the risks.

    Ben has devoted his entire 30-year career to risk management and is a strong advocate in not only giving back to the profession but also, advancing the knowledge and impact of the risk management profession. He is an active member of RIMS and the University Risk Management and Insurance Association and holds an Associate in Risk Management designation. He serves as an active council/board member on the International SOS East Coast Client Advisory Council and the AIG Higher Education Advisory Board. 

    RISK MANAGEMENT HONOR ROLL: Juliana J. Keaton

    As CSX’s Director of Insurance, Juliana Keaton is responsible for identifying, quantifying and determining the appropriate vehicles for mitigating current and emerging risks of this Fortune 250 transportation company, its numerous subsidiaries and affiliates.

    In addition to overseeing a complex and constantly evolving ERM program, Juliana is responsible for ensuring appropriate terms and conditions and placement of all of the enterprise’s insurance programs, consisting of hundreds of policies with more than 20 lines of coverage.

    Under her leadership, the three largest insurance programs – Property, Liability and D&O – achieved record premium reductions, while making enhancements to coverage to address the enterprise’s exposures. Since 2013, those three programs’ premiums have decreased 24 percent or nearly $10 million.  Additionally, she worked with her provider to create new products that specifically addressed catastrophic rail incidents that involve toxic chemicals, a Cyber Rail liability policy, as well as sabotage and terrorism coverage.

    As the President of CSX Insurance Company, she is responsible for managing CSX’s wholly-owned captive subsidiary, which issues 14 polices and writes more than $40 million in premium annually.  Over the past three years, Juliana and her team have reduced claim count by over 30 percent, legal spend by more than 60 percent and reserves by more than 20 percent.  This has allowed the captive company to pay nearly $70 million in dividends.

    Helping keep risk management at the forefront, she also has spoken at CSX’s Continuing Legal Education seminar, the Red Cross Summit, the South Carolina Captive Insurance Association’s annual conference and at Aon’s annual actuary conference.

    She is a past President and current officer of the Railroad Insurance Management Association, serves on the Board of the South Carolina Captive Insurance Association and is a former director of United Insurance Company.

    RISK MANAGEMENT HONOR ROLL: Scot Schwarting

    Scot Schwarting is the Director of Risk Management for Whirlpool Corporation, the world’s largest appliance company with over 70 manufacturing and technology centers and operations in 170 countries. Whirlpool has 97,000 employees in 74 countries and net sales of approximately $21 billion.

    Scot is responsible for market, organizational and strategic risks and insurance. Additionally, he is responsible for delivering ERM around the world. This requires him to interview international leaders to assess functional risks and the reporting of overall ERM successes and opportunities to the Executive Finance Committee.

    Since 2007, Scot and his team have successfully implemented substantial cost savings and program enhancements to Whirlpool’s risk transfer programs, as well as continually working to change the corporate culture from a reactive posture to a proactive one in dealing with risk management issues.  As a result, the organization’s Total Cost of Risk decreased from $1.87 per share in 2007 to $0.89 at the end of 2015. It was able to retain 97 percent of losses and, as a group, completed 252 projects allowing redeployment of $75 million in cash and reducing risk by $122 million.  

    Most recently, Scot has played a key role in several of Whirlpool’s strategic initiatives that included converting a banking based financial guarantee program for tax litigation in Brazil, consolidating and restructuring Whirlpool’s European operations, spearheading a sprinkler project throughout key facilities in South America, leading a comprehensive captive expansion study, among others.

    He is committed to developing talent inside and outside of Whirlpool’s Risk Management Department. Scot encourages and promotes opportunities to excel, challenging others to take responsibility of assigned programs and providing data and analytics guidance to help anticipate the market’s next move. He contributes to the risk management community through speaking engagements and by providing material used in RIMS textbooks and reports.

  • Thirty-four Risk Management Students Invited to Philadelphia for RIMS 2017

    RIMS, the risk management society™, presented 34 students with a 2017 Anita Benedetti Student Involvement Program grant.  The program, sponsored by The Spencer Educational Foundation, recognizes the achievements of outstanding undergraduate and graduate risk management students, providing them with funds for travel expenses, complimentary hotel accommodations and registration to RIMS 2017 Annual Conference & Exhibition scheduled for April 23 – 26 in Philadelphia.  

     In an effort to continue to strengthen RIMS’ global network, for the first time, the Anita Benedetti Program has been expanded to include four grants for international students (outside the United States and Canada). Jing Chen from Peking University (Beijing), Siming Fan from Peking University, Xinyi Huang from Fudan University (Shanghai) and Ashirwad Padhee from the National Insurance Academy (Pune, India) will attend RIMS 2017.

     “Just as organizations’ risk management needs and expectations evolve, the needs and expectations of risk management students continue to change as well,” said RIMS CEO Mary Roth. “The Anita Benedetti Student Involvement Program not only affords this bright and enthusiastic group of students the opportunity to experience RIMS Annual Conference and Exhibition but it also allows the Society to gain a better understanding of the future of risk management and engage the men and women who will one day lead this profession.”

     Below is a complete list of this year’s grant recipients:

    ·         Connor Aldridge – University of Mississippi

    ·         Casey Ballenger – Troy University

    ·         Garrett Bell – Temple University

    ·         Amanda Bill – University of North Carolina (Charlotte)

    ·         Parker David Chalmers – Butler University

    ·         Jing Chen – Peking University (Beijing)

    ·         Lolita Dukundane – University of Colorado (Denver)

    ·         Meredith Durden – Troy University

    ·         Siming Fan – Peking University (Beijing)

    ·         Sean Fitzgerald – Illinois State University

    ·         Andrew Grieco – Saint Joseph's University

    ·         Jessica Groenewegen – St. John's University

    ·         Sarah Hercules – Bowling Green State University

    ·         Sunmi Hirata – Georgia State University

    ·         Xinyi Huang – Fudan University (Shanghai)

    ·         Viet Huynh – The University of Texas (Dallas)

    ·         Madison Knowles – Florida State University

    ·         Meerie Lee – The University of Texas (Dallas)

    ·         Emma Leinweber – University of Georgia

    ·         Zheng Lyu – University of Wisconsin (Madison)

    ·         Ryan Mroz – Temple University

    ·         Ashirwad Padhee – National Insurance Academy (Pune, India)

    ·         Wesley Robinson – University of Calgary

    ·         Brianna Saylor – Eastern Kentucky University

    ·         Matthew Sease – University of Mississippi

    ·         Sydney Simpson – The University of North Carolina (Charlotte)

    ·         Meagan Stenger – Indiana State University

    ·         Lisa Sullivan – University of Colorado (Denver)

    ·         Vicki Villarreal – University of Wisconsin (Madison)

    ·         Alexis Wallace – Missouri State University

    ·         Shelby Weatherman – Appalachian State University

    ·         Ethan Witting – Illinois State University

    ·         Katherine Wrightam – University of Central Arkansas

    ·         Joshua Young – University of Hartford

     Initiated as a pilot program at the 1978 RIMS Annual Conference, the program recognizes exceptional students involved in the study of risk management, and has grown into a differentiating part of the RIMS Annual Conference and Exhibition. The program became known as the Anita Benedetti Student Involvement Program in 1997 to honor Ms. Benedetti's commitment to developing the next generation of risk professionals.

  • Executive Leadership Education Track to Debut at RIMS 2017 Annual Conference and Exhibition

    RIMS has announced a new Executive Leadership Education Track to debut at RIMS 2017 Annual Conference & Exhibition scheduled for April 23rd – 26th in Philadelphia.  The track is a new addition to this year’s conference program that now features 168 educational opportunities, presentations from nearly 350 subject matter experts, 400 exhibitors and countless networking opportunities with over 10,000 risk professionals from around the world.  

    The new Executive Leadership Track is developed specifically for senior professionals tasked with driving strategy throughout their organizations. The high-impact education sessions will be delivered by world-leading business thinkers and strategists, providing multidisciplinary insights found nowhere else. These sessions are open to all registered attendees.

    “RIMS continues to find ways to energize its annual conference and deliver impactful educational programming that empowers attendees to better serve their organizations and advance professionally,” said RIMS Vice President, Events and Education Stuart Ruff-Lyon, CMP, DES. “The Executive Leadership Track gives our attendees access to world business leaders and the strategies they use to achieve greatness. We are proud to add this feature to the RIMS 2017 experience.” 

    Sessions in the Executive Leadership Track include:

    ·         Green Beans and Ice Cream: The Recipe for a Culture of Commitment. Presented by Bill Sims, President of The Bill Sims Company.

    ·         Small Wonder: Bermuda’s Supersized Impact on the World of Risk.  Presented by The Hon. Michael Dunkley, JP, MP, Honorable Premier of Bermuda.

    ·         Managing Uncertain Terrain: The Intersection of International Strategic Planning and Enterprise Risk Management. Presented by Michael Zuckerman, Assistant Professor of Instruction, Temple University, and Roger Kashlak, Professor of international Business, Loyola University of Maryland.

    ·         Strategic Resilience: Taking Your Seat at the Table. Presented by Thomas Lawson, President and Chief Executive Officer, FM Global.

    ·         Brexit: A Threat or Opportunity?  Presented by John Lloyd, JLT Group.

    ·         How Risk Management Can Build Economic Human Resilience.  Presented by Bradley Kading, President of the Association of Bermuda Insurers and Reinsurers; Stephen Catlin, Executive Deputy Chairman of XL Catlin; and Joaquim Levy, Managing Director and CFO of World Bank Group.

    ·         Head of Risk: Your Personal Journey to Help Your Organization Win in a Changing World.  Presented by Martin Vilsoe, Director at the Implement Consulting Group.

    ·         Risk, Resiliency and Continuity: Survival of the Fittest. Presented by Dante Disparte, Founder and CEO of the Risk Cooperative and Lance Ewing, Executive Vice President, Global Risk Management & Client Services at Cotton Holdings Inc.

    ·         Following China’s Silk Road Economic Belt.  Presented by Donghe Zhang, China Risk and Compliance Manager, IKEA (CHINA) Investment Co., Ltd.
     
    Other new additions to RIMS 2017 Annual Conference & Exhibition include:

    ·         Technology and Risk education category – The new “Technology and Risk” session category will focus on technological innovations – such as 3D Technology, Driverless Cars, Space Technology, Wearable Technology, the Internet of Things and others – that keep business leaders up at night.

     

    ·         RIMS Risk Manager of The Year and Risk Management Honor Roll Awards Breakfast – The newest RIMS award and honor, The Risk Manager of the Year Award and Honor Roll, will be presented at this Tuesday morning breakfast. In addition to the awards, the breakfast will feature a lively panel discussion lead by industry superstars. Tickets are limited.

     

    ·         Wellness ZENter – Located centrally in the Marketplace Exhibit Hall, this designated area will offer attendees helpful tips, education sessions and other amenities to make their RIMS 2017 experience a healthy and productive one.

     

    To learn more about RIMS Executive Leadership Track, new additions to the conference or to register, visit www.RIMS.org/RIMS2017.

  • Register for RIMS 2017! Early Bird Rates Expire Friday 2/17

    If you're ready to learn more about risk management, advance your career, learn how to protect your company, save your organization money, or find a new vendor, RIMS 2017 is the place to be.

    RIMS 2017 Annual Conference & Exhibition has leading experts sharing their expertise, trends and strategies on all aspects of risk management. You’ll find 160+ sessions in 10 different categories, plus an Executive Leadership track.

    Need help gaining approval to attend? We’ve put together this handy guide that will walk you through the steps to “yes.”

    Network with and learn from thousands of risk professionals from around the world at RIMS 2017. Register by February 17 to receive the best rate. Also, be sure to review the hotel policy and reserve your room.

  • RIMS India Delegation

    The time has arrived for our delegation to India. We’re very excited and the RIMS team has put together a very full schedule of meetings and events starting in Mumbai, then Pune, Hyderabad and finally ending in New Delhi.  We’ll be participating in the Institute of Directors Global Convention on Corporate Ethics and Risk Management in Mumbai with our President, Nowell Seaman delivering the Keynote Address.  We have meetings scheduled with insurance companies, educational institutions, regulatory authorities and government agencies, consulting firms and BPOs and we’ll end the trip with a risk manager and media roundtable in New Delhi.

    We’re looking forward to sharing our knowledge of risk management and RIMS with the risk, insurance, government and education communities in India.

     
    Regards,

    Mary Roth
    CEO
    RIMS
     

  • RIMS President's Corner: Forward Together

    It is truly an honor to serve as your Society’s 63rd President. Throughout 20 plus years of involvement with RIMS, including nine on the board of directors, I continue to be amazed by the passion and dedication of risk management practitioners for advancing the profession.

    The value of RIMS is undeniable. RIMS connects the world’s risk community, and allows practitioners to share experiences, support their colleagues, sharpen their skills and advance their organizations’ risk programs.


    Today, risk management is becoming integral to setting strategy and value creation and, in most organizations, risk professionals are working closely with business functions such as legal, finance, human resources, information technology, compliance and others.


    And the best is yet to come. My presidency will focus on moving Forward Together. United, risk professionals can influence change and continue the momentum that has seen a deeper reliance and appreciation for strong risk management capabilities around the globe.


    Forward Together reflects my personal desire that RIMS will make big strides to execute its strategic plan and 2017 goals with excellence, and with all stakeholders – members, staff and industry partners – engaged, supportive and excited about the future of our profession.


    For the Society to move forward together, we will continue to:
    • Strengthen our skills and capabilities through leading content, resources and education.
    • Gain inspiration and knowledge by collaborating and learning with our global community of peers and thought-leaders.
    • Expand our risk perspective through worldwide events and conferences.
    • Set the standard for the profession through RIMS-CRMP certification.
    • Ensure that our voice is heard through our advocacy initiatives.
    • And, develop greater opportunities for more professionals to move forward together with RIMS.


    At our recent 2017 RIMS Leadership Forum, the chairs and vice chairs of our committees and councils, chapter leaders from around the world, the Board Directors and RIMS staff, met to discuss the future of the Society, its strategic direction and objectives for the year ahead. With input from this important group of stakeholders, we gained greater insight to refine our plans and develop resources to help our members reach and exceed their goals.

    I am looking forward to an exciting year, building on RIMS’ successes to further support the advancement of risk management.


    Sincerely,

    Nowell Seaman
    RIMS 2017 President

  • NOWELL SEAMAN NAMED 2017 PRESIDENT OF RIMS

    NEW YORK (January 3, 2017) — RIMS, the risk management society™, today announced that Nowell R. Seaman, RIMS-CRMP, FCIP, CRM will lead the Society as president for the 2017 term, effective January 1.

    Mr. Seaman is the Director of Global Risk Management for Potash Corporation of Saskatchewan Inc. He has been a member of RIMS for 21 years and on its Board of Directors for nine years. Previously, Mr. Seaman served as the Society’s Vice President. He also served as the Chair of the RIMS Canada Council in 2003-2005, a director of RIMS Saskatchewan Chapter from 1997-2007 and chaired the secretariat responsible for the creation of the McGannon Foundation.

    “The narrative is changing,” said RIMS 2017 President Nowell Seaman. “More organizations are recognizing the positive side of risk. They are witnessing the power of risk management and its ability to identify new resources, new processes and new strategies that can take the organization to new heights.

    “RIMS has positioned itself as a leader in the industry. For years, it has provided practitioners with the tools and resources to advance professionally. As president, it is my goal to ensure that the Society’s momentum continues forward and that, together, our global network is prepared for whatever may come next.”

    Officers on RIMS 2017 Board of Directors:
    • President: Nowell R. Seaman, RIMS-CRMP, FCIP, CRM; Director, Global Risk Management, Potash Corporation of Saskatchewan Inc.
    • Vice President: Robert Cartwright, Jr., CRM; Safety and Health Manager, Bridgestone Retail Operations, LLC.
    • Treasurer: Steve Pottle, CIP, CRM; Director Risk Management Services, York University.
    • Secretary: Gloria Brosius; Corporate Risk Manager, Pinnacle Agriculture Holdings.

    New Board Members:
    • Ellen R. Dunkin, Esq.; Senior Vice President, General Counsel & Chief Risk Officer, Amalgamated Life Insurance Company.
    • Soubhagya Parija; Senior Vice President and Chief Risk Officer, New York Power Authority.

    Incumbent Board Members:
    • Gordon L. Adams; Risk Management, SERVCO Pacific.
    • Emily Cummins, CPA, CPCU, CISSP, ARM, ARE; Managing Director of Tax and Risk Management, National Rifle Association.
    • Barry Dillard; Director, Claims Management, Walt Disney Parks and Resorts US.
    • Laura Langone, JD, MBA; Senior Director, Global Risk Management and Insurance, PayPal, Inc. Holdings.
    • Ex Officio: Julie C. Pemberton, RIMS-CRMP, ARM; Vice President, Risk Management, Diatom Ventures LLC.
    • Janet Stein; Director, Risk Management & Insurance, University of Calgary.
    • Robert Zhang; China Risk and Compliance Manager, IKEA (China) Investment Co., Ltd.

    For more information about RIMS leadership, visit www.RIMS.org.

  • RIMS President's Corner: A Beautiful Perspective

    Culture is an organizational attribute that risk professionals frequently discuss. An organization’s culture is pivotal to implementing and advancing risk management. Without a corporate culture that includes leadership’s support, our work can be futile.

    Culture is impacted by the customs, beliefs, traditions and, in our case, the business practices associated with different groups around world. As I stand here in the beautiful city of Dubai for RIMS’ second Risk Forum Middle East, and as our businesses continue to transcend borders, it has never been more apparent that to gain the recognition necessary for success in our profession, we must make this focus on culture a priority.

    It is hard for me to believe, but we are just few short weeks away from my final day as RIMS President and I have learned so much over this year and the six previous years I've served as a member of the RIMS Board. It has given me a new perspective of the passionate professionals who join RIMS and contribute to the advancement of our profession…and it’s truly inspirational. I’ve also gained a new outlook on risk management practices and challenges around the world. Expanding the Society's presence globally will allow us to share greater international insights with our current membership - and also allow RIMS to execute on its mission of advancing risk management abroad.

    And we have accomplished so much over the past year. The RIMS-CRMP certification took off this year and we confirmed our first 96 certification holders. We entered into new markets – China, Singapore, Colombia, South Africa – with hopes RIMS growth in these regions in the years ahead. The Annual Conference & Exhibition saw its highest attendance since 2003. On top of that, over 70 countries were represented by its attendees. We acquired the Risk Manager of the Year Award and are excited to continue honoring the best in class in the risk management profession with this award. All great accomplishments that add an inspiring perspective on just how great this Society is and will continue to be.

    It seems like just yesterday we were all in San Diego and yet, this month, RIMS launched registration for RIMS 2017 Annual Conference & Exhibition in Philadelphia on April 23 – 26. The conference will offer more than 160 education sessions, giving professionals a global perspective on a wide range of the most relevant risk management topics. Our keynotes are set – including the lovable, award winning actor Michael J. Fox – and the networking events are planned.

    Some of the new features for this year’s Annual Conference include an Executive Leadership Track, a new educational track titled, “Technology and Risk” that will focus on the business impact of new technologies, the first presentation of the RIMS Risk Management of the Year Award and a Wellness ZENter to make sure our attendees have the most rewarding, comfortable and healthy experience at RIMS 2017. To attend RIMS 2017, register at www.RIMS.org/RIMS2017.

    A big part of the conference is recognizing the great work that YOU do. The Society is currently accepting nominations for its chapter awards, individual honors and the Risk Management Hall of Fame by January 13th. The Risk Manager of the Year Award – our newest honor – requires nominations to be submitted by December 21st. To learn more about RIMS awards program or to submit a nomination, visit www.RIMS.org/awards.

    To gain better perspective on our work and the work of our peers, we proudly released the 2016 the J.D. Power Large Business Commercial Insurance Study. The annual report measures risk professionals’ satisfaction with commercial insurers and insurance brokers. Congratulations to Lockton and XL Catlin for receiving top honors. The complete survey is available through J.D. Power and the report’s highlights can be found in RIMS Risk Knowledge library.

    RIMS global initiatives remain a priority and are key to gaining new perspectives. While I spoke in front of a crowd of 400 attendees at RIMS Risk Forum Middle East just last week, RIMS Board Director Robert Zhang met with students at Peking University in China. During his lecture at Peking University, Robert had the opportunity to share his career experiences and the advantages of being a part of this Society. RIMS continues to lead the way. We continue to produce the highest quality and most relevant resources and conferences. We bring together the world’s risk management community, enhancing each of our perspectives and profoundly advancing our ability to achieve our goals.

    This year has also given me the opportunity to see first-hand RIMS staff's commitment to excellence in executing on the vision of the board. The work that RIMS CEO Mary Roth and her team do on a daily basis to ensure that RIMS remains the best in business is outstanding. Their passion for the Society and the profession is inspiring and I want to thank them for everything that they do.

    The Society’s Board of Directors is made up of some of the most dedicated professionals with whom I have had the privilege to work. I can’t express enough how amazing you all are and how important your support has been throughout my presidency.

    Finally, I’d like to thank YOU, our members. Thank you for sharing your experiences, your insight and, most importantly, your time. Your stories have provided RIMS and your fellow practitioners with invaluable perspective and are the reason the Society continues to thrive.

    We’re looking forward to bringing you more great opportunities in the year ahead. It has been my pleasure to serve as RIMS 62nd President - and I'm excited about what the next year holds as our new executive committee prepares for 2017!

    Happy and healthy holidays and New Year!

    Sincerely,
    Julie C. Pemberton
    RIMS 2016 President

  • RIMS 2017 ANNUAL CONFERENCE & EXHIBITION REGISTRATION NOW OPEN

    REGISTRATION OPEN:
    RIMS 2017 ANNUAL CONFERENCE & EXHIBITION
    ***April 23 – 26 – Philadelphia***

    RIMS has opened registration for RIMS 2017 Annual Conference & Exhibition, the world’s premier risk management and insurance industry event. Scheduled for April 23 – 26 in Philadelphia’s Pennsylvania Convention Center, the four-day event will feature more than 160 educational sessions, 400 exhibitors and is expected to draw more than 10,000 professionals. Visit www.RIMS.org/RIMS2017 to register.

    KEYNOTE SPEAKERS

    Derreck Kayongo – RIMS General Session – Monday, April 24
    Allison Massari – Awards Luncheon – Monday, April 24
    Michael J. Fox – RIMS Conference Finale – Wednesday, April 26

    WHAT’S NEW AT RIMS 2017

    To continue to provide attendees with a superior experience, RIMS conducts a
    comprehensive analysis of previous conferences and has announced these additions to the 2017 program:

    • EXECUTIVE LEADERSHIP TRACK – The Executive Leadership Track is designed for senior professionals tasked with driving strategy throughout their organizations. These high-impact education sessions will be delivered by world-leading business thinkers and strategists.

    • NEW EDUCATION CATEGORY – The new “Technology and Risk” session category will focus on technological innovations – such as 3D Technology, Driverless Cars, Space Technology, Wearable Technology, the Internet of Things and others – that keep business leaders up at night.

    • RIMS RISK MANAGER OF THE YEAR AWARDS BREAKFAST – The newest RIMS award and honor, The Risk Manager of the Year Award and Honor Roll, will be presented at this Tuesday morning breakfast. In addition to the awards, the breakfast will feature a lively panel discussion lead by industry superstars. Tickets are limited.

    • WELLNESS ZENter – Located centrally in the Marketplace Exhibit Hall, this designated area will offer attendees helpful tips, education sessions and other amenities to make their RIMS 2017 experience a healthy and productive one.


    For questions about registration, contact RIMS_registration@goeshow.com or U.S. callers can call +1-866-538-3858, international callers +1-847-620-4473.

    For questions about exhibiting or sponsorship opportunities at RIMS 2017, contact Matt Whyte at mwhyte@rims.org or (212) 655-6052.

    Educational sessions are confirmed for RIMS 2017. Confirmed speakers who have questions may contact speakers@RIMS.org.

    About RIMS Annual Conference & Exhibition
    Launched in 1963, RIMS Annual Conference & Exhibition attracts some 10,000 risk and insurance professionals at all experience levels, business executives with risk management interests, brokers, insurers and service providers for the ultimate educational and networking experience. The four-day event offers more than 160 educational sessions, keynote presentations, special events and an expansive Marketplace Exhibit Hall with approximately 400 exhibitors. Following Philadelphia, the event will be hosted in San Antonio in 2018. For more information, visit www.RIMS.org/RIMS2017.

  • RIMS President's Corner: Empowering Strategic Decisions

    ​Just last week, I had the opportunity to join more than 300 risk management professionals at RIMS ERM Conference in Atlanta. This group of committed practitioners have been called on by their organizations to build a risk-aware culture, and enhance the business’ ability to achieve strategic objectives.

    The ERM programs that were shared were outstanding and highlighted the value that an ERM approach can add to the organization. Fourteen organizations were awarded for using RIMS Risk Maturity Model to reach a high-level of ERM maturity.

    Congratulations to Asia Cell, Argo Group, Centene Corporation, Greater Toronto Airports Authority, Honeywell, International Air Transport Association, Intuit, Lego Systems A/S, Lockheed Martin, Michigan Professional Insurance Exchange, Ooredoo Oman, Peoples Bancorp Inc., Radian Group Inc. and Wataniya Mobile Palestine.

    The Society recognizes that more and more organizations are leaning on risk professionals to be strategic advisors and, in the past couple of weeks, has produced several new executive reports to help them be just that.

    At the ERM Conference, the Society launched two new reports Improving Strategic Risk Management Using Macro Risk Analysis and Bridging Strategy and Implementation with Strategic Risk Management.

    For risk professionals building their cyber risk strategy, we encourage them to check out RIMS 2016 Cyber Survey for benchmarking information. And, to give our membership a better perspective of the risk management landscape in Latin America, the Society teamed up with Marsh to develop the 2016 Risk Management in Latin America report. The full report is in Spanish and the Executive Summary is in English. The full Risk Management in Latin America report in English will be available later this month. All of RIMS reports are available in the RIMS Risk Knowledge library.

    Continuing our work to strengthen our global network, on December 13rd and 14th RIMS will host the second annual RIMS Risk Forum Middle East in Dubai. The Forum has an impressive lineup of speakers including risk management leaders from New York University Abu Dhabi, Kuwait Petroleum Corporation, the Dubai Centre of Risk Management, Kerzer International, among others. For details about RIMS Risk Forum Middle East or to register, visit www.rims.org/RiskForum/Dubai16.

    Here in North America, specifically the United States, we are embarking on one of the most intriguing presidential elections of our time – two candidates with two polar opposite visions for the future of the country. We invite risk professionals to join RIMS for a special webcast on November 17th that will discuss the results of the 2016 United States Presidential and Congressional elections and how, based upon the outcome, practitioners may be affected.

    The webcast – Policy Issues in 2017: What the Election Means for Risk Managers – was developed by RIMS Government Affairs team and will be led by Seth Appleton, Chief of Staff for Congressman Blaine Luetkemeyer of Missouri, and Patricia A. Henry, the Global Government Affairs Officer for Chubb Group. To hear how the results of this U.S. election could impact your organization’s risk management strategies, practitioners can register here.

    Regardless of the practitioner’s experience level, their responsibilities within their organization, their geographic location or even their political leaders, RIMS stands ready to support all risk professionals’ understanding of the evolution of risk, enabling them to deliver valuable strategic direction to their organizations.

    Thank you for sharing your experiences with us and allowing RIMS to be the go-to source for all of your risk management needs.

    Sincerely,

    Julie Pemberton
    RIMS 2016 President

  • RIMS PROFESSIONAL REPORT: IMPROVING STRATEGIC RISK MANAGEMENT USING MACRO RISK ANALYSIS

    RIMS new Professional Report Improving Strategic Risk Management Using Macro Risk Analysis defines the macro risk analysis process and its ability to help organizations better understand economic trends.

  • RIMS EXECUTIVE REPORT: BRIDGING STRATEGY AND IMPLEMENTATION WITH STRATEGIC RISK MANAGEMENT

    NEW YORK (October 24, 2016) — While all strategy will entail some degree of risk, operating without a process to uncover and manage options and inform strategic choices is far riskier, according to a new RIMS Executive Report Bridging Strategy and Implementation with Strategic Risk Management.

    Released at RIMS’ sixth annual Enterprise Risk Management Conference in Atlanta, the new report provides practitioners, from all sectors, with an overview of some of the leading approaches to understanding strategy and enhancing strategy implementation and performance. The report features examples of frameworks, tools, real case techniques and approaches applied to address strategy and execution gaps.

    “When successfully deployed, a strategic risk management approach can evoke meaningful conversations that lead to enhanced performance and positive organizational changes,” said RIMS Vice President of Strategic Initiatives Carol Fox. “There has never been a better time or more compelling reason for risk professionals to embrace strategic risk management’s advantages and demonstrate our ability to unlock unrealized potential.”

    RIMS Executive Report Bridging Strategy and Implementation with Strategic Risk Management, authored by Monica Merrifield who is the vice-chair of RIMS Strategic Risk Management Council, is available in RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For more information about the Society and to learn about other RIMS educational opportunities, conferences and resources, visit www.RIMS.org.

  • RIMS Members Honored as Women to Watch

    RIMS would like to congratulate the recipients of the 2016 Women to Watch Awards announced by Business Insurance on Monday, October 17. Five RIMS members were recognized with this honor: Dorina Hertner of 7-Eleven Inc.; Angela Matherly of Snyder’s-Lance Inc.; Victoria Nolan of Clean Water Services; Kristen Peed of CBIZ Inc.; and Jennifer Saddy of American Airlines Inc. For a full list of honorees, visit http://www.businessinsurance.com/article/20161017/NEWS06/912310012/Business-Insurance-2016-Women-to-Watch-risk-management-insurance-agents-brokers-

  • RIMS EXECUTIVE REPORT: 2016 RIMS CYBER SURVEY

    NEW YORK (October 10, 2016) — Awareness, increased availability and contractual mandates are just some of the reasons that have contributed to the significant increase in organizations purchasing stand-alone cyber insurance – up 29 percent in 2016 – as noted by the 2016 RIMS Cyber Survey.

    Key findings from the 2016 RIMS Cyber Survey include:
    • Organizations with a stand-alone cyber insurance policy is up 29 percent from 2015;
    • Organizations transferring cyber risk to a third party is up 10 percent from 2015;
    • Organizations purchasing cyber insurance as a result of contractual obligations is up 17 percent from 2015;
    • One quarter of respondents are spending over $500,000 US on cyber premiums;
    • Only 27 percent of respondents did not think that the government should mandate cyber breach reporting, while 48 percent thought it should.

    “Failure to keep pace with technological advancements will leave an organization at a terrible disadvantage,” said RIMS President Julie Pemberton. “Embracing technology has enabled organizations to strengthen their performance, but, at the same time, has created many new exposures that risk management must address. The 2016 RIMS Cyber Survey allows practitioners to benchmark the management of cyber exposures.”

    This year’s RIMS Cyber Survey had 272 respondents with demographics regarding industry sector, organization revenue and number of employees holding close to 2015 results. The survey was distributed to RIMS membership via an internet link and was accepted between August 8 and September 9, 2016

    The 2016 RIMS Cyber Survey is available in RIMS Risk Knowledge library at www.RIMS.org/riskknowledge.

  • RIMS President's Corner: Hono(u)red

    The creativity and the savvy of today’s risk professional has become critical to organizational success and, as such, the tradition of honoring their work annually must live on. RIMS has stepped in to continue to honor those deserving practitioners with the prestigious Risk Manager of the Year Award. The Society acquired the program from Crain Communications this September and we will be ready to celebrate this year’s winner at our Annual Conference & Exhibition in Philadelphia (April 23-26, 2017).

    Congratulations are certainly in order for the organizers of RIMS Canada Conference and our host, RIMS Southern Alberta Chapter. In addition to sitting in and learning from the conference’s outstanding program, I had the opportunity to join a lively panel discussion on the future of enterprise risk management. The conference was capped off by hono(u)ring Mark Day, one of the Government of Alberta’s leaders in risk management, with the Donald M. Stuart Award, Canada’s highest honor within the risk management field.

    Registration opened this month for RIMS second Risk Forum Middle East and we’re hoping to see the same success that we just experienced at our second Forum in Latin America. The Risk Forum Middle East is in Dubai on December 13 – 14 and we’re excited and honored to work, once again, with the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA) to help coordinate the event.

    And, while registration is just opening for one event, another one is about to commence. RIMS ERM Conference is just around the corner and I’m excited to join practitioners in Atlanta at the end of the month. RIMS has a long history of encouraging student involvement at its events and, with the support of the Spencer Educational Foundation, we’re proud to be able to provide funds to 16 students from seven universities.

    In-person networking at our events is just one of the ways we support the world’s risk management community. Online learning is another. In October, RIMS has two webcasts lined up, Workplace Violence and Active Shooter: Develop a Culture of Preparedness and How to Boost Company Valuation with the RIMS Risk Maturity Model for ERM. Joining the webcasts live allows participants the chance to interact with presenters, and all of RIMS webcasts are also available on our website after their completion.

    In print, the Society issued its very first RiskPAC Quarterly, a resource that allows us to deliver information to members about our government affairs initiatives, current risk management issues surfacing in government, as well as some helpful tips and best practices for engaging elected officials. The next edition is scheduled for December 2016.

    Also, the Society recently published a new executive report titled, “Risk Management’s Role in Mergers & Acquisitions.” The report shares the experiences of several risk professionals – including myself – and how we were able to add value to our organizations during complex merger and acquisition processes. It is now available in RIMS Risk Knowledge library, along with several other recently released publications and articles.

    As always, it is an honor for RIMS to promote the value of risk management and we look forward to doing so for years to come.

    Sincerely,

    Julie Pemberton
    RIMS 2016 President

  • In Case You Missed It: RIMS Doing Business in China Webcast

    In case you missed the RIMS September 14 webinar on Doing Business in China, you can still register and view it on demand: https://www.rims.org/education/webinars/Pages/Webinars.aspx
    Our well-attended webinar featured 3 speakers with extensive risk management experience who shared their insights on measuring and managing risks in China.

  • RIMS Acquires Risk Manager of the Year Award Program from Crain Communications Inc.

    NEW YORK (September 26, 2016) — RIMS, the risk management society™, is proud to announce the acquisition of the Risk Manager of the Year Award, an award program that was formerly administered by Crain Communications Inc.’s Business Insurance magazine. Moving forward, the Society will administer the nomination process and programming for both the Risk Manager of the Year Award and Risk Management Honor Roll that are scheduled to be presented at RIMS 2017 Annual Conference & Exhibition in Philadelphia.

    The Risk Manager of the Year program was initiated in 1977 and the Risk Management Honor Roll was added in 1981. Since their inception, the two honors have been bestowed in collaboration with RIMS in an effort to raise the profile of the risk management profession and the outstanding programs practitioners have implemented within their organizations.

    “As the volatility and complexity of today’s risks continue to intensify, business leaders have increased their expectations of the risk management function,” said RIMS CEO Mary Roth. “The Risk Manager of Year program showcases the risk community’s ingenuity and the unquestionable value that strong risk management adds to an organization. RIMS is thrilled to be able to continue the tradition and recognize outstanding practitioners and the dynamic programs they have created.”

    Any full-time professional who administers risk management programs for a corporate, nonprofit institution or government entity is eligible for submission in the Risk Manager of the Year program. The nominations are judged by an independent panel representing prior honorees and other risk management and insurance industry leaders.

    RIMS is currently developing a web presence for the Risk Manager of the Year Award program that will contain additional information about the honor and an updated nomination form.

  • Risk Management's Role in Mergers & Acquisitions

    Risk practitioners' role in an M&A extends beyond uncovering financial savings. This report reviews the importance of understanding the strategy behind the deal, developing and maintaining productive relationships with stakeholders, effective processes for exchanging information and red flags.

  • RIMS 2017

    Good morning, the Risk Management only session that I had suggested for the 2017 RIMS conference in Philadephia has been accepted by the Annual Conference Programming Committee (ACPC),

    I gladly lead the session, perhaps someone of the team wants to co-chair? It is possible that I am not able to attend the RIMS conference. My company is merging with Tyco on September 2nd and there will be a lot of integration work. Can we please discuss who can take over from me if that would be the case.
    Thanks,
    Hans

  • Risk Professional Roundtable

    By popular demand, we are adding a second Risk Professional Roundtable Event to kick off our 2016-2017 WI RIMS season!

    Wednesday, September 14, 2016
    11:30 am - 1:00 pm

    As with all roundtable events, this event is open to RISK PROFESSIONALS ONLY (Risk Managers, Analysts, etc.). Please email all discussion topics and questions to Kellee by September 10.

    If you have any questions, please contact Kellee at kellee.sheik@harley-davidson.com or Hiep Phung at hiep.phung@joyglobal.com.

    Location:
    Wisconsin Club - Good Hope
    6200 West Good Hope Road
    Milwaukee, WI 53223

  • Join the New RIMS Volunteer Community!

    Calling all current and future volunteers: join our new RIMS Volunteer Community! RIMS is fortunate to have members volunteer their time each year to serve on committees, as chapter officers, and on the RIMS Board. We are also grateful for the contributions members and constituents make towards writing articles, presenting sessions, and advocating on behalf of the RIMS mission.

    On this year's membership survey, a number of you indicated an interest in learning about and participating in additional volunteer opportunities, which is why we've created the RIMS Volunteer community forum. Join here.

    Here's how it works:

    RIMS will help you stay-in-the-know by posting about new volunteer opportunities.
    Questions? Just ask- RIMS will answer them for you.
    Sign-up for volunteer opportunities and make suggestions for future opportunities.
    Share your experience volunteering with others.
    Post your own opportunities for volunteers at your chapter or in your area.
    Click here for a full list of volunteer opportunities.

    THANK YOU TO ALL OF OUR CURRENT VOLUNTEERS FOR YOUR CONTRIBUTIONS! JOIN US IN WELCOMING NEW VOLUNTEERS TO GET INVOLVED!

  • Only Two Weeks Left to Save 50% on a RIMS Online Course

    NEW: Cyber Risk and Data Security $64
    Get up to speed on the basics of cyber risk and data security, including privacy, security, information management and e-discovery. You’ll learn what laws and regulations exist to protect consumer and business data, how to effectively minimize risk through data risk prevention methods, and how to transfer cyber risk through insurance.

    NEW: Fundamentals of Insurance $64
    Acquire a solid understanding of property and casualty insurance as a key risk financing tool. This course covers insurable risks, the insurance transaction, liability concepts, standard property and casualty insurance policies, and best practice approaches in protecting an organization through insurance.

    Risk Management Techniques $64
    Learn about the purpose, concepts and tools of the risk management process. Emphasis is given to supporting decision making and establishing the foundation for an enterprise risk management approach to the mitigation of traditional risks and exploitation of opportunities.

    Designing an Enterprise Risk Management Framework $197
    This interactive course will enable you to design a successful framework. You’ll discover how to determine what type of risk attitude your organization exhibits, what specific design elements need to be in place, how to overcome common ERM obstacles and what you need to do to gain credibility and commitment for the program.

    Risk Analysis Forecasting Tools $197
    As claim and exposure data becomes more available, the challenge is knowing how to correctly use and interpret these resources. Get the tools to make informed, data-driven risk management decisions as well as learn how to identify methods essential for cutting claims costs and improving risk financing.

  • Submit an ERM Award of Distinction Nomination (Deadline Extended to August 31st)

    The RIMS ERM Award of Distinction honors organizations that create value through their ERM programs. Do you have an ERM "value" story or know of a worthy program that deserves this recognition? If so, take a few moments to share the value outcome you or your client has realized for the organization through its risk practices. This year's winner will be recognized at the ERM Leaders Recognition Luncheon on October 25th in Atlanta.

    Prior Honorees:

    2015
    Intuit - Winner
    VIA Rail Canada Inc – Honorable Mention

    2014
    Astro Overseas Limited – Winner
    American Agricultural Insurance Company - Honorable Mention

    2013
    Harley-Davidson - Winner
    Infosys BPO Ltd. - Honorable Mention

    2012
    YMCA of Greater Toronto - Winner
    Sysco Corporation - Honorable Mention

    2011
    Paychex - Winner
    Goodwill Industries International - Honorable Mention

  • Participate in the RIMS Cybersecurity Survey

    With new cyber attacks occurring daily, we are seeing a flurry of legislative and regulatory activity meant to address this issue. The RIMS External Affairs Committee and its Cybersecurity Task Force is committed to better understanding the cybersecurity market in order to best advocate on RIMS and its membership's behalf.

    This survey is intended to assist RIMS in understanding the current state of cyber liability coverage among its members as well as the key aspects of cyber risk which its members consider most relevant. In responding to this survey, we encourage you to engage the key subject matter experts on cybersecurity within your own organization.

    This survey will take approximately 8-10 minutes to complete. Your answers are anonymous. This survey will remain open until September 9th.

    To take the survey, please click on the link below:
    https://www.surveymonkey.com/r/ZKGRDDN

    If you have additional questions or comments regarding this survey, please contact our Content Team at content@rims.org.

  • New RIMS Executive Report: Decoding Political Risk Management

    Report Warns: A Lazy Understanding of the World’s Geopolitical Situation Can Be Costly
    NEW YORK (August 3, 2016) — By understanding the foundation of the organization’s business, the risk tolerance acceptable to leadership and key details of countries under consideration, a risk manager can start to gain solid footing to tackle the complicated world of political risk, according to a new RIMS Executive Report Decoding Political Risk Management.

    Based on conversations with geopolitical risk management experts, the report provides a guide for risk professionals assessing their organizations’ political risk. The report defines political risk and explores top concerns for organizations as they expand globally, the characteristics of these risks, mitigation strategies, as well as the state of the political risk insurance market.

    “Opportunities for organizations to expand globally have become more plausible and, often, too valuable to be overlooked,” said RIMS President Julie Pemberton. “Understanding political risk and being able to contribute to the organization’s ability to navigate such obstacles is a priority for today’s risk professional. This RIMS report offers practitioners a look at some of the strategies world-leading risk management experts have implemented or have advised their clients to consider.”
    RIMS Executive Report Decoding Political Risk Management is available in RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For more information about the Society and to learn about other RIMS educational opportunities, conferences and resources, visit www.RIMS.org.

  • President's Corner: A Time To Shine

    Mon, Aug 1, 2016- No matter the industry, it is imperative that professionals continue to invest in themselves. Whether it’s through networking or reading up on the latest industry trends, it is our job to reassure leadership that they’ve employed an individual who is dedicated to their craft, who is eager to learn and who is constantly searching for ways to excel and provide even greater value to the organization.
    RIMS recently celebrated individual members who have taken a major step in affirming their professional value by becoming the first RIMS-Certified Risk Management Professional (RIMS-CRMP) certification holders. The results of the April exam are in. Of the 123 who took the exam 90 passed this global certification. RIMS congratulates the first class of RIMS-CRMP holders and welcomes others to join them once the exam is available online in October.
    Just over a month ago, RIMS was able to shine the light on its value, hosting its first RIMS Risk Management Academy with Lloyd’s of London. The Academy offered attendees an interactive learning environment that included the Market Experience Session – an experience where participants observed the face-to-face negotiation between a risk manager and an underwriter. The event was highly successful and a great introduction for many attendees to our industry-leading resources.
    RIMS chapters also do a remarkable job in helping members shine in their workplace. Last week, RIMS Florida Educational Conference welcomed hundreds of risk professionals for four days of learning and networking. I’ve been a member of RIMS for more than 20 years and this was my first trip to the conference. It was a privilege to join the festivities in Naples and share my presentation about the latest RIMS initiatives with attendees.
    My international travels as RIMS President really kick into high-gear in August.
    RIMS Risk Forum Australasia will be my first stop. Ready for our fifth annual forum in the region, this year’s conference will, once again, give our attendees the insight they need to shine within their organizations. The conference will feature a stellar lineup expert speakers and thought-leaders including world-class Australian rugby star – turned insurance industry leader – Phil Kearns. We’re excited to welcome the region’s risk management community to Melbourne on August 22-23 for what we know will be another outstanding industry event.
    My time in Australia will be short as, almost immediately following my remarks, I will hop on a flight to Singapore for the Asia Risk & Resilience Conference 2016 on August 25. I’m honored to be invited by RIMAS and Business Continuity Planning Asia to present on enterprise risk management.
    For most, keeping up with my international travels would be near impossible. Understanding that travel isn’t easy for everyone, the Society continues to enhance its online learning opportunities. Just recently, RIMS held its first webcast series uniquely tailored for three different regions of the world. The Brexit: Political Risk in the Heart of the G7 webcast was delivered by Control Risks, a consulting firm specializing in global political risks, to audiences in Asia, Europe and North America.
    In addition to our Brexit series, RIMS is now offering three new online courses. For a long time, Risk Management Techniques, Fundamentals of Insurance and Cyber Risk and Data Security were in-person workshops hosted by the Society. And, now, we are proud to offer these courses online. All of our webcasts are cataloged and available for replay on the RIMS website. I encourage you to check them out. 
    It’s your time to shine. Let RIMS be your source for cutting-edge industry insight. We look forward to welcoming you at our regional events this fall, and providing you with even more in the months ahead.
    Sincerely,

    Julie Pemberton
    RIMS 2016 President

  • RIMS Sets Agenda & Expert Speaker Lineup for Its Fifth Annual Australasia Forum

    RIMS Risk Forum 2016 Australasia- Melbourne- August 22-23
    The Australasia region’s risk management community will once again convene in Melbourne for RIMS Risk Forum 2016 Australasia on August 22 – 23. Among the talented and thought-leading risk management experts presenting at the two-day forum will be former Australian rugby superstar and now industry superstar Phil Kearns.

    In its fifth year, RIMS Risk Forum Australasia will provide attendees with an outlook on the region’s insurance market and will explore best-practices and trends to help risk management professionals take their risk programs and careers to new heights. Educational sessions will include:
    · Developing and Articulating a Risk Appetite
    · Security and Business Resilience
    · The Risk Retention Conundrum
    · The Nexus Between Risk and Strategy
    · From Scrummaging to Broking with Phil Kearns
    · Global Insurance Programs: The Problems that Lie Beneath
    · What is Cyber Risk – Really?
    · The Impact of Predictive Analytics on the Risk and Insurance Landscape Today and Tomorrow

    “RIMS Australasia Chapter continues to exceed expectations, showing outstanding growth year-after-year,” said RIMS President Julie Pemberton. “The Forum is a great opportunity to bring this thriving risk management community together, to share ideas and make new connections so that we can advance our work and the profession. It is an honor for me to join this stellar group of risk management leaders and be a part of this exciting RIMS event.”

  • Attend Spencer Educational Foundation's 8th Annual Gala on Thursday, September 15, 2016

    Last year Spencer Educational Foundation's Gala Dinner raised $1.1 million. Attend this year's gala dinner to celebrate honorees and help break the record to provide even more scholarships and grants to help students entering the industry!

  • RIMS 2017 Session Submission Deadline Extended to July 22nd

    The deadline for session submissions has been extended to Friday, July 22nd.

  • Rims Conference 2017 session

    Hi all, somehow my suggestion to the committee for a Risk Managers only session disappeared from Opis. I had received one positive reaction before the message disappeared and - in order not to miss the July 18th deadline - therefore have taken the liberty to submit the session on behalf of the International Committee.

  • Call for Session Proposals: RIMS Risk Forum 2016 Middle East

    RIMS invites you to submit your session proposal for the RIMS Risk Forum Middle East 2016, taking place in Dubai, UAE, on 13–14 December. Successful submissions will address the latest issues facing the region’s risk management community. Sessions that include a practicing risk manager will be given preference.

    Please send a short description of your session topic and an outline in a one-page Word document to content@rims.org. Sessions will be 75 minutes long.

    Required information for each submission include:

    Proposed title for the session
    Names and titles of speakers (maximum of two speakers per session)
    Brief (two paragraph maximum) description of the session’s content and goals
    A short outline of the session
    Tips for a successful submission are:

    Be timely and relevant. Sessions that address important issues facing risk managers in the region will have an advantage.
    Follow the guidelines above. If your submission does not fit with the submission guidelines it will be rejected.
    The deadline for submissions is 1 July 2016.

    View the 2015 agenda to review sessions from last year’s event.

    RIMS expects sessions to be educational and to advance the discipline of enterprise risk management. Sessions that are sales-pitches will not be considered.

  • Congratulations to the Inaugural Class of RIMS-CRMPs

    RIMS is pleased to announce the inaugural class of RIMS-Certified Risk Management Professional certification (RIMS-CRMP) holders. Of the qualifying risk professional members who took the exam on April 10th in San Diego, 90 earned passing marks.

  • Opis has been upgraded!

    Welcome to Opis, the RIMS Information Network. Opis recommends content and connections to you customized to your skills and interests. Refer to the "Steps to Get Started" to get the most out of this valuable member benefit. We've listened to your feedback and have upgraded Opis to enhance your user experience. Opis has been integrated with the former egroups, the chapter websites and member directory. It is easier than ever before to build your profile and navigate Opis. Please let us know what you think in the Opis Feedback, Suggestions, and Questions community.