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2007 Annual Report

Dear Members,

RIMS achieved a major milestone in early 2007—reaching and exceeding the 10,000 member marker! With this exciting milestone in hand, RIMS continues to demonstrate value to risk professionals with its mission to provide exceptional learning opportunities, resourceful tools and services, advocacy that makes a difference and support that enables the Society to form a stronger bond with the risk community. RIMS is the leading association for risk management professionals. Our members look to us to provide educational opportunities as well as a forum for creative and progressive risk management ideas—and we deliver. The highlights of our 2007 activities are described below.

New Developments
RIMS expanded its tools and services in 2007 by publishing our Enterprise Risk Management for Dummies guide and the 2007 Risk Management Compensation Survey. In support of our 80 chapters, RIMS hosted several Building a Stronger Chapter workshops and launched new partner and program offerings in the Professional Exchange of Risk Knowledge (PERK) chapter programming series.

Challenging the Hill
Our activities in 2007 strengthened our presence in Washington, D.C. In addition to working with legislative staff to improve the definition of a "qualified risk manager" included in an earlier version of the U.S. House of Representatives Surplus Lines Bill, we also met with key leaders on important, pending legislation and worked hard to extend the Terrorism Risk Insurance Act (TRIA). TRIA and the Surplus Lines legislation were hot topics at RIMS on the Hill Legislative Conference, which exposed RIMS members to lobbying opportunities on Capitol Hill. Also in 2007, RIMS launched an in-depth online Legislative Action Center that highlights our legislative priorities and provides an extensive—and interactive—database on members of Congress. RIMS expanded its efforts beyond U.S. federal issues by announcing its State and Regulatory Affairs Program that will assist chapters in kick-starting local external affairs programs.

Knowledge Development
Risk professionals have demonstrated their thirst for knowledge by coming to RIMS to satisfy educational needs. Last year, RIMS professional development courses and RIMS Fellow® designation workshops attracted more than 950 risk professionals to 51 class offerings, more than half of which reached "sold out" status! RIMS also stepped outside of conventional learning to offer numerous webinars, online courses and in-company training programs.

Exceptional Event Offerings
RIMS premier industry event—RIMS Annual Conference & Exhibition—drew more than 9,000 risk practitioners to New Orleans, featured 160 educational sessions and 400 speakers. Keynote events and "Hot Topic" sessions focused on pandemics, climate change, globalization, business continuity and preparedness, crisis management, enterprise risk management (ERM)—and so much more! And the sold-out Exhibit Hall featured 435 exhibitors showcasing the latest services and products for risk professionals! New Orleans welcomed RIMS, our attendees, sponsors and exhibitors with open arms and showed us how far it’s come since the devastation of Hurricane Katrina. Thank you to New Orleans for being a gracious host city for another successful and exciting RIMS conference!

Taking the Next Step
This past year, RIMS has been busy supporting the needs of our 10,500+ members—who we hope are taking full advantage of RIMS membership and all the tools and resources that we have developed. This is a thrilling time for the discipline of risk management. RIMS goal is to help risk professionals take their risk programs and careers to the next level. We pledge to continue to use our resources to expand our membership privileges with new technology, content and ideas.

We extend our appreciation to the dedicated leadership and volunteers at both the Society and chapter levels, RIMS staff and of course, to our members. We look forward to bringing many new and exciting tools and benefits to help members achieve further successes in their organizations.

Very truly yours,

Janice Ochenkowski, ARM

Mary Roth, ARM
Executive Director



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