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  • RIMS EXPLORES ENTERPRISE RISK MANAGEMENT ADVANTAGES AT 2020 VIRTUAL ERM CONFERENCE

    In a whirlwind of unpredictability, risk professionals around the world continue to see enterprise risk management (ERM) as a catalyst for successfully navigating today’s volatile risk landscape. Join RIMS and the global risk management community as we ... read more
  • RIMS President's Corner: PROACTIVE, NIMBLE AND ENGAGED

    As we continue to untangle the chaos that COVID-19 and so many other catastrophic events have inflicted on our organizations in 2020, we all have learned a few valuable lessons: be proactive, be nimble, and be engaged.   Now more than ever before, ... read more

Recent Discussion Activity

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    ERM

    Posted in: Risk Professionals

    Hello, I am looking for some suggested courses, training or certification program to gain more knowledge of ERM.  Any recommendations would be greatly appreciated. Thanks ------------------------------ Tabatha Sedio Risk Control Consultant USI Insurance ...

  • Posted in: Risk Professionals

    Help contribute to this study and help close the knowledge gap on cyber insurance I had an excellent response yesterday and would like to encourage even more risk managers to reach out to me to be interviewed.  Half the interview slots are already filled. ...

  • Posted in: Risk Professionals

    I agree with points mentioned by Faith. I can only add that OEM support team can also help to estimate the value of equipment based on their (a) Frame / Body  (b) major components life ( mainly that of engine / transmission ) and (c) mid life overhaul ...

  • Posted in: Risk Professionals

    Hello Yolanda,  I've heard depreciation of 5% per annum  can be acceptable so an ACV of 21-25K doesn't seem unreasonable depending on the upkeep of the equipment. ------------------------------ Paul Orde Manager, Risk Management and Insurance Saskatchewan ...

  • Posted in: Risk Professionals

    As TS mentioned previously, ACV is typically defined as "replacement value, less depreciation"    -- however, it's replacement value (or replacement cost) at time of loss (or current period).  Thus, the Volvo loader example would be using 2020 cost new, ...

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