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RIMS

2006 Annual Report


Read the RIMS 2006 Annual Report


Michael Liebowitz
2006-2007 President and Director


Mary Roth
Executive Director

Dear Members

2006 marked a banner year for growth at the Risk and Insurance Management Society, Inc. Since its beginning in 1950, the Society has served as a powerful platform for educating, informing and representing the risk management community. This year, RIMS followed in our tradition of delivering outstanding programs and expanding upon the tools and resources we offer.

Knowledge is Power
This year, the successful RIMS Fellow® (RF) and Professional Development (PD) programs continued to grow in popularity. Some 38 RF workshops and PD courses were held in 2006, with attendance hitting an all-time high of 786 participants. A number of the educational workshops and courses held across the U.S. and Canada were booked solid. Some of the most in-demand topics focused on enterprise risk management (ERM), D&O and workers' compensation.

An Expanding Portfolio of Resources
As the demand for and interest in risk management grows at all levels of business, RIMS objectives expand to include arming risk practitioners with the tools they need to measure both threats and opportunities across the organization, and build stronger and more effective risk programs. For this, RIMS launched the Enterprise Risk Management Risk Maturity Model and further developed the online Enterprise Risk Management Center of Excellence. And to support members' search for identifying their optimal career paths and finding ways to get there, RIMS launched a number of Career Service offerings.

First-Class Learning and Networking
Honolulu, Hawaii, served as an enjoyable destination for participants at RIMS 2006 Annual Conference & Exhibition. The event drew many senior risk practitioners and CXOs who enjoyed abundant networking opportunities, a significant exhibition presence and top-notch educational sessions. RIMS 2006 met the industry's thirst for information on enterprise risk management by increasing the number of ERM sessions. Also popular was the Leadership Panel, gathering a large group of industry luminaries in a real-time dialogue on key issues and trends.

Making a Difference
As members are aware, RIMS has been at the forefront of the introduction, adoption and extension of the Terrorism Risk Insurance Act. RIMS members have testified before Congress and we have brought our message directly to Capitol Hill. With this vital legislation set to expire December 31, 2007, RIMS issued its "Position on a Long-Term Solution to Terrorism Exposure". With the support of our members, we will continue to work closely with leaders in Congress, as well as industry partners, to ensure that there continues to be a federal backstop to terrorism exposure in the United States beyond 2007. We also maintain a commitment to act on other key legislation relevant to the industry.

Growth Generates Opportunity
We celebrate RIMS achievements this past year and look forward to continuing the momentum of growth and quality service in 2007. Enclosed you will find more information on our many new initiatives and core programs this past year. We extend many thanks to RIMS dedicated volunteers, committee members, House of Delegates, Board of Directors and staff. And, of course, we thank RIMS members for your unwavering support in 2006 and beyond!

Sincerely,


Michael Liebowitz
President and Director

Mary Roth, ARM
Executive Director

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