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RIMS

RIMS Fact Sheet

The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management. Founded in 1950, RIMS represents more than 3,500 industrial, service, nonprofit, charitable and governmental entities. The Society serves more than 10,000 risk management professionals around the world.

RIMS is located at:
1065 Avenue of the Americas, 13th Floor
New York, NY 10018
Telephone: (212) 286-9292
Fax: (212) 986-9716
www.RIMS.org

MEMBERSHIP
RIMS membership is the cornerstone of the Society, hosting risk professionals in 81 chapters primarily in the United States and Canada, as well as one each in Mexico and Japan. In conferences, educational courses, via the RIMS website and at the chapter level, risk managers share insights and exchange ideas with peers. RIMS chapters are the local base for educational and networking opportunities, and regional RIMS conferences and RIMS Annual Conference & Exhibition provide further opportunities for gaining industry knowledge, expertise and relationship building.

PRODUCTS AND SERVICES
RIMS is a powerful channel for educating, informing and representing the risk and insurance management community. RIMS offers leading industry resources, educational experiences and networking opportunities for risk managers and executives in relevant functions who possess risk management responsibilities such as compliance, I.T., finance and treasury, legal, operations and security. The Society offers a number of channels by which risk professionals can carry on dialogue with and learn from each other.

RIMS products and services include Risk Management, the Annual Conference & Exhibition, regional conferences, annual RIMS Benchmark Survey™ on the commercial insurance market, the RIMS Fellow® designation, professional development courses, career center, RIMS Risk Management Professional Growth Model, RIMS Risk Management Compensation Survey, Enterprise Risk Management Center of Excellence, Risk Maturity Model for Enterprise Risk Management, Enterprise Risk Management for Dummies guide and an interactive website.

Risk Management is delivered monthly to 22,000 readers and is the premier source of analysis, insight and news for business executives charged with risk management responsibilities. The magazine staff also publish a blog, Risk Management Monitor, which provides daily risk-related content in the form of original stories, live event updates, news commentary, interviews, podcasts and videos. The Society publishes a bi-annually newsletter dubbed RIMScope and a RIMS Canada Newsletter, both of which provide members with news and updates on industry issues and the Society.

RIMS Annual Conference & Exhibition, the industry's leading educational and networking event, is the largest gathering of risk management professionals worldwide. The conference attracts some 10,000 business executives, brokers, insurers and solution providers for the ultimate learning experience. Future conferences will be held in Boston in 2010 and Vancouver in 2011.

RIMS and Advisen Ltd. have teamed up to offer risk professionals a real-time window into the commercial insurance market with RIMS Benchmark Survey™. It is the leading source of market intelligence for risk management decisions, with industry data from nearly one third of the Fortune 500 companies and 70 industry categories. It captures information on the state of the insurance marketplace and provides an independent fact-based review of the cost of risk to insurance purchasers-unbiased by brokers or insurers involved.

RIMS offers the opportunity for career enhancement through highly competitive Professional Development courses and interactive workshops held throughout the U.S. and Canada. RIMS also helps risk practitioners to stay competitive by providing innovative In-Company Training and On-site Seminars that can earn attendees credit towards the ARM, CRM, and the RIMS Fellow®(RF) designation. Another newly released career development tool is RIMS Risk Management Professional Growth Model, providing guidance on the characteristics and skills needed to better define the role of a risk manager and identify the tools that may be leveraged in order to improve performance and advance one's position and career to the next level. The resource can also be used to support employers in writing risk management job descriptions and hiring, as well as evaluating employees and risk departments.

RIMS Risk Management Compensation Survey is the premier source of compensation data in the risk and insurance management profession. The survey provides information to ensure that a company's strategy is in line with the current salary and benefits in the highly competitive risk profession. This report presents data for 15 industry-specific jobs throughout the U.S. and Canada categorized by company size (full time employees and annual revenues), risk management department size, industry and geography, and range from entry to executive level.

RIMS supports its members in getting up-to-speed with the latest news, articles and research on enterprise risk management in the online ERM Center of Excellence. Here, risk practitioners will find all the tools and resources needed to learn about how to develop and maintain effective ERM programs. Whether a company is still learning about the basic concepts of ERM, already in the implementation phase or streamlining processes, the ERM Center of Excellence offers an array of information to help shape an effective ERM program. RIMS Risk Maturity Model for Enterprise Risk Management is an online resource that provides guidelines and best practices for developing and maintaining a comprehensive risk management program. It provides standardized criteria by which organizations can evaluate and improve their approach to ERM. It features a real-time assessment that allows companies to score key characteristics of their risk management programs and generate a personalized ERM maturity report. The first truly in-depth study of ERMRIMS State of ERM Report 2008—is based on data collected from risk practitioners who assessed their strategy using the RMM and demonstrates a link to higher credit ratings for organizations who have higher ERM maturity levels. 

Another wildly popular benefit is the Enterprise Risk Management for Dummies guide, authored by members of RIMS ERM Development Committee. Published by Wiley Publishing, Inc., the 44-page reference booklet offers a valuable start-up guide for those new to ERM, complete with easy-to-understand ERM terms and useful tips and instructions on developing a solid ERM program.

RIMS website, www.RIMS.org, includes innovative tools such as eGroupsan online risk management networking forumand RiskWire daily news headlines. Here, members can also access the online Career Center and Job Bank to both search for and post available positions, an online Buyer's Guide, Resource Library, and a searchable Member Directory.

RIMS Government Affairs group serves as the main conduit between the federal government and its members. Working with both the legislative and executive branches, the Society works diligently to advance the interests of the risk management community at federal, state and provincial levels. RIMS on the Hill legislative conference provides a strategic vehicle for RIMS members that want to make a difference in the industry by getting involved in advocacy and lobbying. With the Legislative Action Center, members can gain access to news and updates on government affairs and RIMS lobbying initiatives, an extensive database of members of Congress, their vote score cards, links to their websites and can even take action and send communications to officialsall right from the website.

RIMS also supports Spencer Educational Foundation, Inc., a charitable organization dedicated to supporting undergraduate, graduate and doctoral students in the risk and insurance disciplines by providing scholarship awards and educational grants. Since 1980, Spencer Educational Foundation, Inc. has awarded nearly $4 million in scholarships and $2.1 million in grants to students pursuing degrees in and universities offering programs for risk management and insurance.

RISK KNOWLEDGE

Risk Knowledge is a searchable library of relevant information for today's risk professionals. Available materials include RIMS Executive Reports, survey findings.

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