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Do You Speak ERM? 4/20/2009

The Institutes and RIMS Announce Advanced ERM Course

ORLANDO, Fla. (April 20, 2009) — Companies who have not yet had the Enterprise Risk Management discussion yet will—and they will need to speak the language. The American Institute for CPCU/Insurance Institute of America (the Institutes), through its Center for the Advancement of Risk Management Education (CARME), have joined with the Risk and Insurance Management Society (RIMS) to develop a new course titled “Enterprise-wide Risk Management (ERM): Developing and Implementing”. Designed for practitioners with strong risk management and business backgrounds, this new advanced ERM curriculum focuses on how to optimize risk-taking to meet strategic goals and the practical steps to develop and implement an ERM program. Enrollees who have earned the ARM will be able to take the Institutes’ exam to earn the ARM-E designation. RIMS will start offering the course in 2010. A course schedule will be announced later this year.
Topics addressed in the ERM course include “ERM, Strategy, and Exposure Spaces; Integrating Risk Management and Organizational Strategy” and “ERM as a Project—Building the Business Case”. The intensive three-day course, conducted by RIMS, gives participants the opportunity to work with trained instructors and fellow practitioners to learn how to best implement ERM within their organizations. 

To enhance understanding, participants will be encouraged to complete a self-study component before attending the course. The course will provide networking opportunities, hands-on experience with an ERM toolkit and valuable preparation for the ARM-E designation exam.

Through the course, participants will learn to: 

  • Prepare their organizations to meet rating agency requirements by using a practical toolkit to initiate and implement strategic ERM.
  • Help their organizations make better informed business decisions and optimize risk taking by aligning it with strategic goals.
  • Position ERM for success by learning how to coach risk owners regarding the implementation of risk management processes within their sphere of responsibility.
  • Communicate and consult more effectively with critical internal and external stakeholders by sharing internationally recognized ERM guidelines.

“Risk management is the shared responsibility of all employees within an organization, not just one individual,” says Jean-Paul Louisot, senior director of knowledge resources at the Institutes. “The ERM program will enable seasoned risk management professionals to successfully integrate a functional ERM culture into their existing organizational culture."

”The spotlight on risk management practices shines brighter than ever before. This advanced ERM course and ARM-E designation will give risk practitioners the tools and skills to raise the bar on ERM within their businesses,” says Mary Roth, executive director of RIMS.

For more information, visit the Institutes’ Web site at www.aicpcu.org.

Note to Editors: The American Institute for CPCU and Insurance Institute of America are not-for-profit organizations offering knowledge solutions and professional development services to the risk management and property-casualty insurance community. The Institutes offer the CPCU designation program; associate designation programs in areas such as claims, risk management, underwriting, and reinsurance; introductory and foundation programs; and online courses, all of which help drive better decision making to propel business success. 


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About RIMS

As the preeminent organization dedicated to advancing the practice of risk management, RIMS, the Risk Management Society™, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS brings networking, professional development and education opportunities to its membership of more than 11,000 risk management professionals located in more than 60 countries. For more information on RIMS, visit www.RIMS.org.

 

For more information, contact:

Josh Salter, RIMS communications manager, (212) 655-6059 or jsalter@RIMS.org

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