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  • Webinar: Time for Change? Business Interruption and Time Element Coverage

    This new webinar will highlight the results of the recent RIMS Business Interruption study and the consequent report including challenges faced by risk managers in submitting and settling claims, the risk of co-insurance and the setting of appropriate policy limits, the development of more specific contingent, cyber, and supply chain cover, and expert recommendations around key pre-loss exposure assessment. Join us for this webinar on Thursday, June 22 at 1:00 pm EDT. RIMS members attend for free.

  • President's Corner: From All Directions

    The risk management profession can take a practitioner’s daily work and their career in many different directions. While it might be impossible to cover all of those “directions,” RIMS is doing its best to try. As we move into the second half the year, we are excited to share a wide range of events, education opportunities and global and advocacy initiatives that allow our members to reach and exceed expectations.   

    This past weekend, RIMS held its second NextGen Forum in Austin, Texas. Designed to meet the needs of new risk professionals, the two-day program focused on professional development, as well as risk management skills that are crucial to success. We were pleased with the turnout and proud to offer this opportunity for all of those just getting started in this rewarding field.

    Cyber concerns transcend industries and geographic borders, and RIMS is hard at work to make sure risk professionals are equipped to manage these uncertainties for their organizations.  On September 7-8 in Las Vegas, the Society will host its first-ever Cyber Risk Forum. The event will focus on enterprise risk management approaches to cyber threats, emerging trends, best-practices and insurance. Attendees will gain a unique perspective from keynoter Peter Singer, who was dubbed by the Wall Street Journal as “the premier futurist in the national security environment,” as well as from our other expert presenters.

    RIMS is also excited to welcome the Canadian risk management community to Toronto for the RIMS Canada Conference 2017. Personally, I’ve attended RIMS Canada for the past two decades, and continue to be amazed by the knowledge and insights of our presenters, and the energy and passion of our peers. We’ll be sure to keep you posted with updates about the conference’s agenda and hope that you’ll join us on September 24-27 for this ‘can’t miss’ regional event.

    As I talk about the lineup of upcoming RIMS conferences, we realize that not everyone is able to travel and attend all of them. With this in mind, we have amped up our online educational offerings through a new platform called Opis-Ed. Sessions and Thought Leader Theater presentations from RIMS 2017 Annual Conference & Exhibition are now uploaded and available – at no-charge – for conference registrants. If you didn’t attend the conference, you can still access the presentations for a nominal cost.

    Online learning continues to be a valuable resource for our members. In May, nearly 300 risk professionals tuned in for our “Bridging Strategy & Implementation with SRM” webcast presented by Monica Merrifield, vice president of risk intelligence for YMCA of Greater Toronto, and Roger Martin, institute director of the Martin Prosperity Institute and the Michael Lee-Chin Family Institute for Corporate Citizenship at the Rotman School of Management. If you didn’t get a chance to listen in, the webcast is now available on Opis-Ed.  On June 15th, we will host our next webcast on “China Cyber Security Law” presented by Chun Yin Cheung, partner at PwC China. Registration for it is open today.

    RIMS advocacy efforts remain an important part of our activities. It’s crucial that the risk management perspective is heard and considered when new policy is being set. Recently, the Society issued an official letter to the U.S. Department of the Treasury supporting the proposed U.S.-EU Covered Agreement on reinsurance. RIMS intends to monitor this legislation – and others – as it moves through the legislative process to ensure the best interests of the Society’s members are recognized.

    Organizations expect more from their risk professionals. RIMS prides itself on providing educational opportunities that quench the thirst for risk management knowledge and enhance your ability to support your organizations, regardless of industry or strategic direction.  We hope that you’re able to join us at our upcoming events and take advantage of the many opportunities we have in store for you in the months ahead.

    A quick note for chapter leaders: This week, we sent our chapter leaders a questionnaire to help provide the Board of Directors with essential input as we prepare for our Strategic Planning meeting in July. Your response is critical to the planning process, so please be on the lookout for this important message and return your form as soon as possible. If you do not receive it by June 8th, contact Will Gilchrist, RIMS Member Relations Manager, at wgilchrist@rims.org.

    Sincerely,

    Nowell R. Seaman

    RIMS 2017 President

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