Canadian Risk Management - CRM
The Global Risk Management Institute, Inc. (GRMI) is an institute that issues the CRM and is an alumni association of individuals who hold the Canadian Risk Management (CRM), Fellow in Risk Management (FRM) or RIMS Fellow (RF) designations.
To achieve the CRM designation:
Step 1. Enroll at your local university. Before you register, make sure the three CRM courses are available.
Participating Institutions/Universities offering CRM courses:
| McGill University |
University of Toronto |
| Simon Fraser University |
University of Winnipeg |
| University of Alberta |
University of Western Ontario |
| University of Calgary |
Universite du Quebec a Montreal |
| Wilfrid Laurier University |
McMaster University |
| Carleton University |
Universite du Quebec - TELUQ |
Please click here for more information and links to universities offering CRM courses.
Course Tuition:University course tuition varies from one institution to another, and is independent of fees paid to the Global Risk Management Institute (GRMI).
Step 2. To receive the CRM, an individual completes the three required courses (send copies of grades to GRMI) and submits a $100 fee (Canadian funds) to cover the cost of verifying completion. GRMI awards a certificate following receipt of transcripts.
Step 3. Download and complete the application form.
Course Descriptions
Risk Assessment: focuses on the first two steps of the risk management decision making process: (1) identifying and analyzing the loss exposures and (2) developing alternative techniques for treating each exposure. Subjects treated include choosing the best risk management alternative, guidelines for selecting the most appropriate techniques for handling each exposure.
Risk Control: concentrates on selecting appropriate risk control techniques, implementing the chosen techniques and monitoring the results for effective control and coordination of the organizations' total risk management effort.
Risk Financing: includes the selection, implementation and monitoring of risk financing techniques. Subjects include insurance as a risk financing technique; financing property; risk retention including use of captives; risk cost allocation; finite and integrated risk plans and capital market products for risk financing.
Membership in GRMI
In order to maintain the (CRM) Designation, membership in the Global Risk Management Institute, Inc. (GRMI) must remain current.
To renew and continue the membership, the individual pays a $50 annual fee (U.S. funds).
Questions and Correspondence
Marianne Cullen, Education Associate, RIMS, 1065 Avenue of the Americas, New York, NY 10018, 212.655.6212
Fran Jordan, Education Manager, RIMS, 1065 Avenue of the Americas, New York, NY 10018, 212.655.6221
Earn your RIMS Fellow Designation and continue to learn about the dynamic field of Risk Management.
The Canadian Risk Management (CRM) designation meets the risk management foundation towards the RIMS Fellow (RF) designation. To learn more about
the RIMS Fellow (RF) designation, click on the menu on the left for RIMS Fellow.