Skip Ribbon Commands
Skip to main content
symbol

RIMS

President's Corner


SEAMAN_web.jpg

Nowell Seaman is the Director of Global Risk Management at Potash Corporation of Saskatchewan Inc. and the 2017 president of RIMS.
 

  • It's Our Time

    Wed, Dec 06, 2017 -

    ​It’s our time to shine and to continue to promote the value risk management adds to our organizations.

    For risk professionals, there’s no better time – and no better place – to advance professionally, to connect with risk leaders, to share ideas and learn from best than RIMS Annual Conference & Exhibition. Registration for RIMS 2018 is now open – almost a full-month earlier than last year – giving the global risk management community ample time to join us in San Antonio on April 15 - 18, 2018.

    RIMS 2018 will feature some new additions to enhance the experience for attendees including: the Innovation Hub – with more TED-style-like educational sessions; a more streamlined education program; an expanded and more encompassing RIMS HQ in the RIMS Marketplace; as well as the opportunity to take the RIMS-CRMP certification exam in-person. 

    The website is up-and-running and I encourage you to take a look at the sessions, the keynote speakers and the events. This conference’s theme is “Go Big,” and we are planning to deliver a program full of big ideas, big connections and big solutions. We hope you will join us.

    The opportunity for risk professionals to share experience and practices continues to grow worldwide. RIMS Risk Management Forum China was an overwhelming success, and I want to congratulate Board Director Robert Zhang and RIMS staff for delivering an impressive event. With support from government agencies, industry leading companies, universities and local corporate risk managers, the inaugural Forum in China welcomed over 200 guests during a two-day period. The results were extremely encouraging, and we have already started the conversations for a follow-up event next year.

    As always, RIMS is dedicated to connecting risk professionals across the globe, as well as delivering essential industry knowledge. On that note, the RIMS 2017 Compensation Survey is now available for purchase. Produced every two years, the survey not only provides risk professionals with tools to assess their careers, but it also provides leadership insight to make informed decisions about their risk programs.
    In addition, Total Cost of Risk has been an effective method for risk professionals to gauge and demonstrate risk management’s success.

    RIMS Benchmark Survey is now accepting input from our members. In exchange for anonymously sharing details about your insurance programs and premiums, contributors are awarded with a complimentary copy of the final report.

    At the RIMS ERM Conference in Los Angeles, we recognized organizations that have seized the moment and developed ERM programs that truly stand out, and can be directly linked to growth and innovation.  The Toronto Transit Commission was presented with this year’s RIMS ERM Award of Distinction and Honorable Mentions given to Argo Group International Holdings, Inc. and the Edmonton Police Service. We congratulate these entities for a job well-done, and we thank them for sharing their experiences and allowing others to follow in their footsteps. 

    Although the year is coming to an end, at RIMS we still have much more to offer in 2017. RIMS Risk Summit India will be held on December 6th and 7th in Mumbai, and the RIMS Risk Forum Middle East will take place in Dubai December 11th and 12th. RIMS is also a key partner in the Institute of Directors Global Convention on Corporate Ethics & Risk Management in Singapore, where RIMS Vice President Robert Cartwright, Jr. will deliver the keynote address.

    RIMS remains passionate about our mission to educate, engage and advocate for the global risk management community. There is no better time than the present to be in this profession and the Society is committed to helping you make the most of it. 

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • Can You Hear Us?

    Thu, Nov 02, 2017 -

    ​During my 20 years as a RIMS member, I’ve witnessed the wonderful power of this Society to provide countless risk professionals with the resources to add more value as leaders within their organizations. RIMS is proud to support risk management professionals and to continue to deliver an array of initiatives to ensure our voices are heard.

    Just back from Washington, DC, the RIMS Legislative Summit was once again a success. RIMS members from across the US met in the capital for a series of panel discussions and meetings with congressional leaders. Advocacy remains a priority for the Society, and it was important to share this community’s concern for the looming expiration of the National Flood Insurance Program. The conversations were well-received and we anticipate great results.

    RIMS Chapters continue to produce outstanding programming and opportunities for local members and we want to ensure those success stories are heard, too. This year, RIMS launched the ECHO (Enhancing Chapter Outcome) awards program. ECHO allows our chapters to showcase their great work, while providing a roadmap for building a strong chapter. We are currently accepting submissions for this new program which will be awarded in San Antonio at RIMS 2018

    The recognition doesn’t stop there. The profession is filled with remarkable practitioners and we have proudly opened the nomination process for all of our awards.

    To provide you with current and relevant data, the RIMS Benchmark Survey and RIMS Compensation Survey are quantitative tools that help risk professionals to demonstrate value, as well as highlight new opportunities for organizational and professional success.

    RIMS Benchmark Survey provides benchmarking statistics for the Total Cost of Risk across a selection of industries and lines of coverage. The Survey is currently calling on practitioners to contribute their data. All data is shared anonymously and in aggregated form. As always, survey participants are rewarded with a discounted or complimentary copy once it is complete.

    The Society is putting the finishing touches on the 2017 RIMS Compensation Survey and will have that ready for the public in November. Stay tuned to see what career opportunities might be in store for you next.

    ERM continues to be an integral practice for risk professionals and their organizations. We’re looking forward to welcoming more than 350 practitioners from around the world to RIMS ERM Conference 2017 in Los Angeles on November 6th and 7th. Now in its seventh year, the conference continues to offer an outstanding educational program for practitioners at every level of the ERM process.  There is still time to register. For a look at the full agenda, click here.

    You might think it is too early to start talking about RIMS 2018 Annual Conference & Exhibition in San Antonio, but members will have the opportunity to register starting November 14th and non-members on November 28th. 

    In other exciting news about the Annual Conference, the case champion for the 2018 Spencer-RIMS Risk Management Challenge has been selected. I want to thank SAGE Companies, a UK-headquartered market and technology leader for integrated accounting, payroll and payment systems, and their risk manager Andrew Bent for volunteering their time to support the next generation of risk professionals. We know that SAGE will provide our student teams with an excellent opportunity to demonstrate their knowledge and talents with innovative risk management approaches. 

    Mark your calendars for April 15 – 18 in San Antonio. Our Annual Conference never disappoints, and we hope you’ll join us there.

    Whether it is through online learning opportunities, new reports and surveys, events or awards program, RIMS strives to advance the risk management profession, giving our members the resources to be heard and achieve their goals. Thank you for being a part of RIMS.

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • Strength in Community

    Fri, Sep 15, 2017 -

    RIMS is filled with exceptional members from all parts of the world. In recent weeks, many of our peers have been called to respond to immense challenges caused by natural disasters. As a profession that takes pride in preparing our organizations for uncertainty, we hope that losses will be mitigated for those in afflicted regions.  Our thoughts are with you, and we wish you all strength and a speedy return to normal.

    The risk professional’s role during natural disasters – such as Hurricanes Harvey and Irma – is often critical. Many of us play a significant role in developing strategies to help ensure safety, health and business continuity.  Insurance has always been a fundamental piece of such plans but, in some regions, it isn’t enough. 

    That’s why RIMS advocacy efforts have focused on the reauthorization of the National Flood Insurance Program (NFIP). Although the NFIP was given a temporary, 90-day extension, without a permanent solution, thousands of organizations will be susceptible to devastating financial losses resulting from floods. The Society has initiated a grassroots effort to remind congressional leaders of the importance of this legislation. Its permanent reauthorization will be a top priority at the RIMS Legislative Summit scheduled for October 18 – 19 in Washington, D.C. 

    In August, a very successful RIMS Risk Forum Australasia once again highlighted the leadership of risk programs and practitioners in the region. With excellence and passion, presenters and attendees came together as a community to consider current and future trends and best practices in risk management. It was a privilege to be a part of it.

    RIMS’ continued its momentum in China. This month, we met with industry partners in Beijing to discuss risk management trends and needs, as well as how the Society’s resources can benefit the region’s practitioners. The trip culminated at one of the country’s largest universities – Peking University. There, the School of Economics Dean, Professor Sun Qixiang, and the department of Risk Management and Insurance welcomed us and announced the RIMS Corner in their library, which will provide students and faculty with access to RIMS publications. We look forward to continuing this relationship and we are excited about the future for risk management in China. 

    RIMS chapters continue to offer valuable support to practitioners. In the coming months, our chapters will hold several regional conferences including the RIMS Canada Conference that will bring professionals from across Canada and other parts of the world to Toronto for a four-day event. In September we will also host the Southeastern RIMS Conference in Charleston and the RIMS Western Regional Conference in San Francisco. And then, in October, our Northeast Ohio Regional Conference will take place in Cleveland and we will host the Chicagoland Risk Forum. Regional conferences are a great opportunity for practitioners to connect with local colleagues. All of RIMS events can be found here.

    This week, we celebrated the future of risk management at the Spencer Educational Foundation’s Annual Gala Dinner in New York. Spencer, our affiliate that provides crucial funding to support risk management and insurance students, honored XL Catlin’s Joseph Tocco and JLT Specialty’s Michael Rice. It’s always exciting to hear from our aspiring scholars and, with our industry partners, take part in this very important fundraiser.

    Finally, I want to congratulate the Committee of Sponsoring Organizations of the Treadway Commission (COSO) for the recent updates to its Enterprise Risk Management (ERM) Framework: Integrating with Strategy and Performance. I would like to thank COSO for reaching out to RIMS for our input, and thank our members who drafted responses to influence one of the industry’s major guidance documents. As the business environment changes, so must our risk management frameworks. It’s an exciting time for risk management, and we’re thrilled to contribute to its evolution.

    In the upcoming weeks, you can expect to see some new Executive Reports from RIMS, as well as our Compensation Survey that is slated for publication later this Fall.  Thank you again for your commitment to this profession and your contributions to

    RIMS. 
    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • The Driving Force

    Thu, Aug 03, 2017 -

    One of the great rewards of volunteering with RIMS leadership is having the opportunity to contribute to planning and goals that help shape the future of our Society. Made up of risk professionals like yourself, I can attest that your RIMS Board of Directors is a passionate group, dedicated to making RIMS as great as it can be.

    Two weeks ago, the Board met in New York for its annual planning meetings. In the course of lively discussions, we reviewed upcoming initiatives and the Society’s plans and objectives for moving forward. A key aspect was around RIMS’ global initiatives, and their importance for enhancing our ability to develop new and relevant content for members. We continue to see great value in initiatives to support and connect the world’s risk management community.

    Conferences and events were also a hot topic, and we are very pleased with the interest and support that our specialized and international events continue to receive throughout the year.

    On August 29-30, 2017, RIMS will host the fifth annual RIMS Australasia Forum in Sydney, Australia. The Forum brings together the Australasia region’s thriving risk management community with outstanding educational sessions to advance the profession. We are excited to welcome celebrity speakers including Michael Pascoe, one of Australia's most experienced finance and economics commentators, and Michael O’Loughlin, an Australian Football League hall of famer and one of the most celebrated players of all time. I’m looking forward to meeting with our Australasia Chapter and delivering welcome remarks to kick-off the Forum. 

    It seems like it is a long way off, but the RIMS ERM Conference scheduled for November 6-7 in Los Angeles will be here before you know it. Already, we’ve seen a great response to our registration kick-off, and we are delighted to welcome Professor Colin Coulson-Thomas as our keynote speaker. Just a quick reminder; submissions for RIMS ERM Award of Distinction – presented at the event – are still being accepted through August 15.

    Our in-person learning opportunities do not end with events. RIMS offers a full calendar of workshops, held in cities across North America. New to the lineup is our Pre-Loss Scenario Analysis course scheduled for October 19 in New York City. RIMS’ in-person workshops, as well as our wide selection of webinars, offer you the opportunity to learn and interact with risk management leaders in a more intimate setting.

    RIMS’ strategy also includes advocacy efforts focused on potential and existing legislation that impacts our work. In July, we saw the U.S. Department of Treasury and the Office of U.S. Trade Representatives agree to sign the EU-US Covered Agreement – an issue that RIMS officially supported back in April. In addition, RIMS advocacy efforts will be focused on the reauthorization of the National Flood Insurance Program. If this program is not reauthorized by September 30th it will cease to exist.

    Finally, this month, RIMS added new membership categories, making the path for membership more accessible. The Society now offers new membership categories for international professionals, rising risk professionals, another for risk professionals in regions where chapters are not available or for those who unable to join with an organization. The new categories are detailed here.

    RIMS’ Board of Directors and staff are excited to bring the Society’s strategic vision to life and offer the world’s risk management community an even greater variety of risk management resources and professional opportunities. Your contributions continue to be the driving force behind these initiatives and we truly appreciate your support. Thank you!

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • From All Directions

    Fri, Jun 09, 2017 -

    The risk management profession can take a practitioner’s daily work and their career in many different directions. While it might be impossible to cover all of those “directions,” RIMS is doing its best to try. As we move into the second half the year, we are excited to share a wide range of events, education opportunities and global and advocacy initiatives that allow our members to reach and exceed expectations. 

    This past weekend, RIMS held its second NextGen Forum in Austin, Texas. Designed to meet the needs of new risk professionals, the two-day program focused on professional development, as well as risk management skills that are crucial to success. We were pleased with the turnout and proud to offer this opportunity for all of those just getting started in this rewarding field.

    Cyber concerns transcend industries and geographic borders, and RIMS is hard at work to make sure risk professionals are equipped to manage these uncertainties for their organizations.  On September 7-8 in Las Vegas, the Society will host its first-ever Cyber Risk Forum. The event will focus on enterprise risk management approaches to cyber threats, emerging trends, best-practices and insurance. Attendees will gain a unique perspective from keynoter Peter Singer, who was dubbed by the Wall Street Journal as “the premier futurist in the national security environment,” as well as from our other expert presenters.

    RIMS is also excited to welcome the Canadian risk management community to Toronto for the RIMS Canada Conference 2017. Personally, I’ve attended RIMS Canada for the past two decades, and continue to be amazed by the knowledge and insights of our presenters, and the energy and passion of our peers. We’ll be sure to keep you posted with updates about the conference’s agenda and hope that you’ll join us on September 24-27 for this ‘can’t miss’ regional event.

    As I talk about the lineup of upcoming RIMS conferences, we realize that not everyone is able to travel and attend all of them. With this in mind, we have amped up our online educational offerings through a new platform called Opis-Ed. Sessions and Thought Leader Theater presentations from RIMS 2017 Annual Conference & Exhibition are now uploaded and available – at no-charge – for conference registrants. If you didn’t attend the conference, you can still access the presentations for a nominal cost.

    Online learning continues to be a valuable resource for our members. In May, nearly 300 risk professionals tuned in for our “Bridging Strategy & Implementation with SRM” webcast presented by Monica Merrifield, vice president of risk intelligence for YMCA of Greater Toronto, and Roger Martin, institute director of the Martin Prosperity Institute and the Michael Lee-Chin Family Institute for Corporate Citizenship at the Rotman School of Management. If you didn’t get a chance to listen in, the webcast is now available on Opis-Ed.  On June 15th, we will host our next webcast on “China Cyber Security Law” presented by Chun Yin Cheung, partner at PwC China. Registration for it is open today.

    RIMS advocacy efforts remain an important part of our activities. It’s crucial that the risk management perspective is heard and considered when new policy is being set. Recently, the Society issued an official letter to the U.S. Department of the Treasury supporting the proposed U.S.-EU Covered Agreement on reinsurance. RIMS intends to monitor this legislation – and others – as it moves through the legislative process to ensure the best interests of the Society’s members are recognized.

    Organizations expect more from their risk professionals. RIMS prides itself on providing educational opportunities that quench the thirst for risk management knowledge and enhance your ability to support your organizations, regardless of industry or strategic direction.  We hope that you’re able to join us at our upcoming events and take advantage of the many opportunities we have in store for you in the months ahead.

    A quick note for chapter leaders: This week, we sent our chapter leaders a questionnaire to help provide the Board of Directors with essential input as we prepare for our Strategic Planning meeting in July. Your response is critical to the planning process, so please be on the lookout for this important message and return your form as soon as possible. If you do not receive it by June 8th, contact Will Gilchrist, RIMS Member Relations Manager, at wgilchrist@rims.org.

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • A Welcome Disruption

    Tue, May 09, 2017 -

    ​I trust that everyone has returned home from RIMS Annual Conference & Exhibition safely and energized with new perspectives and ideas to re-think the way risk management is being done within their organizations.

    RIMS 2017 was a huge success.  In four days, we welcomed over 10,000 risk professionals, hosted 409 solutions providers in the Marketplace Exhibit Hall and offered 168 educational sessions that touched on almost every aspect of risk management imaginable.

    This was the 22nd RIMS Annual Conference that I have had the privilege to attend, and witnessing it as president shed a new light on the experience. It was gratifying to see our attendees’ enthusiasm for this profession that we are passionate about.  The work of our volunteers and staff was clearly evident. The dialogue between chapter leaders, RIMS Delegates, RIMS leaders, existing and potential partners and other international risk management associations was invaluable.  

    We honored some amazing risk professionals in Philadelphia. The RIMS Risk Manager of the Year and Honor Roll, new inductees into the RIMS Risk Management Hall of Fame, the Society’s Harry and Dorothy Goodell Award, RIMS Ambassador Group award, the Rising Star Award, and awards to honor and recognize our outstanding chapters were presented at the conference.  

    And how could we leave out the many impressive college students who attended and competed in the Spencer-RIMS Risk Management Challenge. Congratulations to St. Joseph’s University for winning this year’s competition, and to all finalists and participants! 

    Thank you all for being a part of RIMS 2017 and making it so special. Attendees can still download handouts from sessions in the Attendee Service Center. For those who were unable to attend, I encourage you to check out daily coverage of the conference in the RIMS Show Daily from Monday, Tuesday and Wednesday of the conference.  

    Please be sure to mark your calendars for RIMS 2018 Annual Conference & Exhibition on April 15 – 18 in San Antonio.

    Disruption can be positive. It is critical that we test and review traditional and sometimes outdated processes, and consider how we might change to improve and advance. Throughout the year, RIMS will continue to produce resources and professional development opportunities to help you challenge that status quo.

    At the conference, the Society released three new publications: RIMS Benchmark Survey 2017, RIMS MARSH Excellence in Risk Management XIV report and the Society’s first Business Interruption Survey. Also, we’ve updated RIMS Professional Growth Model and developed the RIMS Risk Management Professional Core Competency Model.  All of these great resources can be found in RIMS Risk Knowledge library except for the Benchmark Survey which is available at www.RIMS.org/book.

    At the RIMS NeXtGen Forum in Austin, June 4 and 5, we will be offering opportunities for rising risk professionals – risk professionals in the early stages of their careers – to meet industry thought-leaders, boost your knowledge-base and, perhaps, your professional standing. The RIMS Canada Conference, which will be in Toronto from September 24 to 27, also has opened its registration.  Hope to see you there.

    There is no question that our time in Philadelphia highlighted new strategies and best practices to enhance our work and our careers. Now it is time to implement them. RIMS stands ready to guide you in that process. We look forward to seeing you at our upcoming events, and sharing more resources throughout the year.

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • All Together Now

    Wed, Apr 12, 2017 -

    From Las Vegas to India to Canada to Japan. RIMS has been represented in every corner of the world in the first quarter of the year. Truth is, our Leadership Summit in January, our India Delegation last month and my visit to RIMS Japan Chapter events in Osaka and Tokyo were not only enlightening, but also inspiring to me. 


    The global risk management community’s work continues to impress. It is a privilege to represent this Society around the globe, and to be able to share what I have learned with you.

    The presentation that I delivered in Japan focused on risk management’s role and ability to support organizational growth and innovation. Risk professionals are in a prime position to help their organizations leverage uncertainties and turn them into opportunities. This concept aligns with the advanced risk programs already in motion in Japan, and will be a leading theme as we ‘disrupt the status quo’ at RIMS Annual Conference & Exhibition in Philadelphia.

    RIMS Annual Conference is only 10 days away, and the excitement is palpable. Philadelphia has such a rich history, especially in the insurance world, and will be the perfect backdrop for the industry’s biggest event.

    New to this year’s conference is the RIMS Risk Manager of the Year Award breakfast and panel discussion.  The winners have already been announced and congratulations are in order for Loren Nickel, Director of Business Risk and Insurance at Google, this year’s RIMS Risk Manager of the Year, as well as our Honor Roll inductees Benjamin Evans from the University of Pennsylvania, Juliana Keaton from CSX Transportation and Scot Schwarting from Whirlpool Inc. All attendees are welcome to honor the winners with us at breakfast on Tuesday, April 25th. The award presentation will be followed by the interactive “Risk Managers of the Year Talk High Performance Risk Management” panel discussion. You won’t want to miss it. 

    The Spencer RIMS Risk Management Challenge is another exciting RIMS 2017 program. Nine university teams – including our first from outside North America – will compete in Philadelphia, presenting their risk management solutions to a case study provided by PayPal Inc. Three teams will make it to the final round, and the champion will be announced on Monday evening at the Spencer Educational Foundation’s reception. Good luck to all of our student participants.

    If you haven’t yet, download the conference’s mobile app. RIMS EVENTS can be found in your app store and is a great guide for the RIMS 2017 experience. It gives you the layout of the Marketplace Exhibit Hall, a schedule of sessions and events, videos from RIMS-TV, shuttle bus information, connections with presenters, session handouts and more.

    In my travels it has been apparent that, no matter the country, cyber issues ranked among the greatest concerns for all risk professionals. There are countless ways to address these risks and insurance products continues to become a more viable option. I encourage you to check out RIMS’ new professional report titled, “Cyber Insurance: Considerations for Businesses” that is available in RIMS Risk Knowledge library.  

    Recently, your Board of Directors approved a series of amendments to the Society’s bylaws. The most significant changes include the creation of four new individual professional membership classes. These new categories are:

    •    Individual Professional Member
    •    Individual Young Professional Member (for new members age 25 and under)
    •    Individual International Professional Member (Developed Countries)
    •    Individual International Professional Member (Emerging Countries)

    As RIMS looks to expand its influence worldwide, it has become increasingly evident that new member categories are needed to address the needs of global organizations and practitioners, especially in regions where RIMS’ chapters are nonexistent. Additionally, is critical to the future of the Society to provide greater incentive to Rising Risk Professionals, and to allow practitioners to take their memberships with them as they transition between jobs. 

    These membership changes will make the path to a RIMS’ membership even more attainable. More information will be available soon. If you have any questions regarding these new categories, please reach out to RIMS Membership Development Manager Josh Lamangan at jlamangan@RIMS.org. 

    I look forward to meeting you in Philadelphia. With attendees that operate in all facets of risk management and from around the world – 60 countries to be exact – RIMS 2017 is a can’t miss event. I hope to see you there.

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • Now We're Rocking

    Fri, Mar 03, 2017 -

    CNN has ranked risk management #2 on its list of Best Jobs in America and, I can attest, the opportunities that are available and the increasingly positive reputation that risk professionals are earning for adding value to organizations transcends all geographic borders. 


    Last month, RIMS sent a delegation of Board Directors and staff to India to meet with prominent players in the country’s risk management and insurance industry.  We had the privilege of meeting with many risk practitioners, industry leaders, academics and students, and organizations such as the Insurance Regulatory and Development Authority of India and the Institute of Company Secretaries of India. At the Institute of Chartered Accountants of India, we delivered a webcast titled, “Gaining Value from ERM” to about 1,800 of their members. 


    As part of the trip, the delegation attended the Institute of Directors Global Convention on Corporate Ethics & Risk Management, held at the Bombay Stock Exchange in Mumbai.  There, I had the opportunity to deliver a keynote and share my thoughts on the intersection between risk management and ethics, and how ERM can help to drive and support an ethical corporate culture. 


    RIMS global initiatives continue this month.  I’m thrilled to be able to visit RIMS Japan Chapter and meet with our growing membership in Tokyo and Osaka.  The concept that risk professionals can play a major part in the organization’s ability to successfully innovate continues to gain momentum in Japan, and I’m honored to speak on this topic.  


    As you can imagine, the majority of our efforts are now focused on RIMS 2017 Annual Conference & Exhibition.  Just months away from the largest annual risk management event in the world, RIMS staff and volunteers are working around the clock to make this the best “RIMS” yet. 

    Scheduled for April 23rd – 26th in Philadelphia, this year’s conference program features 168 educational opportunities, presentations from nearly 350 subject matter experts, 400 exhibitors and countless networking opportunities with over 10,000 risk professionals from around the world. 

    A new addition in 2017 is the Executive Leadership Track.  The track is developed specifically for senior professionals that drive strategy throughout their organizations. We’ve enlisted some of the world’s leading business thinkers and strategists to present these high-impact sessions and have opened them up to all registrants. You can see the list of Executive Leadership Track speakers here.

    Other new additions to RIMS 2017 include the Technology and Risk education category with focus on innovation; RIMS Risk Manager of The Year and Risk Management Honor Roll Awards Breakfast on April 25th; and a Wellness ZENter located centrally in the Marketplace Exhibit Hall.

    The Anita Benedetti Student Involvement Program has been a longstanding initiative where we invite exceptional university students to experience the RIMS Annual Conference. This year, we have expanded the program and, for the first time, we will welcome students from universities outside of North America.  Jing Chen from Peking University (Beijing), Siming Fan from Peking University, Xinyi Huang from Fudan University (Shanghai) and Ashirwad Padhee from the National Insurance Academy (Pune, India) will attend RIMS 2017.

    Finally, I would like to call your attention to two new reports issued by RIMS this month. The Benefits of Developing an Own Risk and Solvency Assessment Report developed by members of a joint project team representing the ERM Committees of the Property Casualty Insurers Association of America (PCI) and RIMS, and A Risk Management Guide to Reservation of Rights report put together by members of RIMS Standards and Practices Council. These and many other useful reports and surveys are available in RIMS Risk Knowledge library.

    The first two months of 2017 has flown by, and RIMS is rocking and rolling. It is our priority to deliver the ultimate in risk management knowledge and opportunities to our members all year. And, for me, it has been more than rewarding to be a part of the action. Thank you.

    Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • Forward Together

    Fri, Jan 20, 2017 -

    It is truly an honor to serve as your Society’s 63rd President.  Throughout 20 plus years of involvement with RIMS, including nine on the board of directors, I continue to be amazed by the passion and dedication of risk management practitioners for advancing the profession.

    The value of RIMS is undeniable. RIMS connects the world’s risk community, and allows practitioners to share experiences, support their colleagues, sharpen their skills and advance their organizations’ risk programs.


    Today, risk management is becoming integral to setting strategy and value creation and, in most organizations, risk professionals are working closely with business functions such as legal, finance, human resources, information technology, compliance and others.  


    And the best is yet to come. My presidency will focus on moving Forward Together. United, risk professionals can influence change and continue the momentum that has seen a deeper reliance and appreciation for strong risk management capabilities around the globe.


    Forward Together reflects my personal desire that RIMS will make big strides to execute its strategic plan and 2017 goals with excellence, and with all stakeholders – members, staff and industry partners – engaged, supportive and excited about the future of our profession.


    For the Society to move forward together, we will continue to:
    •    Strengthen our skills and capabilities through leading content, resources and education.
    •    Gain inspiration and knowledge by collaborating and learning with our global community of peers and thought-leaders.
    •    Expand our risk perspective through worldwide events and conferences.
    •    Set the standard for the profession through RIMS-CRMP certification.
    •    Ensure that our voice is heard through our advocacy initiatives.
    •    And, develop greater opportunities for more professionals to move forward together with RIMS.


    At our recent 2017 RIMS Leadership Forum, the chairs and vice chairs of our committees and councils, chapter leaders from around the world, the Board Directors and RIMS staff, met to discuss the future of the Society, its strategic direction and objectives for the year ahead. With input from this important group of stakeholders, we gained greater insight to refine our plans and develop resources to help our members reach and exceed their goals. 

    I am looking forward to an exciting year, building on RIMS’ successes to further support the advancement of risk management. 


    Sincerely,

    Nowell Seaman
    RIMS 2017 President

  • NOWELL SEAMAN NAMED 2017 PRESIDENT OF RIMS

    Tue, Jan 03, 2017 -

    Society Introduces 2017 Officers & Board of Directors
     
    NEW YORK (January 3, 2017) — RIMS, the risk management society™, today announced that Nowell R. Seaman, RIMS-CRMP, FCIP, CRM will lead the Society as president for the 2017 term, effective January 1. 
     
    Mr. Seaman is the Director of Global Risk Management for Potash Corporation of Saskatchewan Inc. He has been a member of RIMS for 21 years and on its Board of Directors for nine years.  Previously, Mr. Seaman served as the Society’s Vice President. He also served as the Chair of the RIMS Canada Council in 2003-2005, a director of RIMS Saskatchewan Chapter from 1997-2007 and chaired the secretariat responsible for the creation of the McGannon Foundation.
     
    “The narrative is changing,” said RIMS 2017 President Nowell Seaman.  “More organizations are recognizing the positive side of risk. They are witnessing the power of risk management and its ability to identify new resources, new processes and new strategies that can take the organization to new heights.
     
    “RIMS has positioned itself as a leader in the industry.  For years, it has provided practitioners with the tools and resources to advance professionally.  As president, it is my goal to ensure that the Society’s momentum continues forward and that, together, our global network is prepared for whatever may come next.”
     
    Officers on RIMS 2017 Board of Directors:

    • President: Nowell R. Seaman, RIMS-CRMP, FCIP, CRM; Director, Global Risk Management, Potash Corporation of Saskatchewan Inc.
    • Vice President: Robert Cartwright, Jr., CRM; Safety and Health Manager, Bridgestone Retail Operations, LLC.
    • Treasurer: Steve Pottle, CIP, CRM; Director Risk Management Services, York University.
    • Secretary: Gloria Brosius; Director, Risk Management and Insurance, Pinnacle Agriculture Holdings.


    New Board Members:

    • Ellen R. Dunkin, Esq.; Senior Vice President, General Counsel & Chief Risk Officer, Amalgamated Life Insurance Company.
    • Soubhagya Parija; Senior Vice President and Chief Risk Officer, New York Power Authority.


    Incumbent Board Members:

    • Gordon L. Adams; Risk Management, SERVCO Pacific.
    • Emily Cummins, CPA, CPCU, CISSP, ARM, ARE; Managing Director of Tax and Risk Management, National Rifle Association.
    • Barry Dillard; Director, Claims Management, Walt Disney Parks and Resorts US.
    • Laura Langone, JD, MBA; Senior Director, Global Risk Management and Insurance, PayPal, Inc. Holdings.
    • Ex Officio: Julie C. Pemberton, RIMS-CRMP, ARM; Vice President, Risk Management, Diatom Ventures LLC.
    • Janet Stein; Director, Risk Management & Insurance, University of Calgary.
    • Robert Zhang; China Risk and Compliance Manager, IKEA (China) Investment Co., Ltd.

       
    For more information about RIMS leadership, visit www.RIMS.org.

  • A Beautiful Perspective

    Tue, Dec 20, 2016 -

    Culture is an organizational attribute that risk professionals frequently discuss. An organization’s culture is pivotal to implementing and advancing risk management.  Without a corporate culture that includes leadership’s support, our work can be futile.

    Culture is impacted by the customs, beliefs, traditions and, in our case, the business practices associated with different groups around world.  As I stand here in the beautiful city of Dubai for RIMS’ second Risk Forum Middle East, and as our businesses continue to transcend borders, it has never been more apparent that to gain the recognition necessary for success in our profession, we must make this focus on culture a priority.
     
    It is hard for me to believe, but we are just few short weeks away from my final day as RIMS President and I have learned so much over this year and the six previous years I've served as a member of the RIMS Board.  It has given me a new perspective of the passionate professionals who join RIMS and contribute to the advancement of our profession…and it’s truly inspirational. I’ve also gained a new outlook on risk management practices and challenges around the world.  Expanding the Society's presence globally will allow us to share greater international insights with our current membership - and also allow RIMS to execute on its mission of advancing risk management abroad. 

    And we have accomplished so much over the past year. The RIMS-CRMP certification took off this year and we confirmed our first 96 certification holders. We entered into new markets – China, Singapore, Colombia, South Africa – with hopes RIMS growth in these regions in the years ahead.  The Annual Conference & Exhibition saw its highest attendance since 2003. On top of that, over 70 countries were represented by its attendees. We acquired the Risk Manager of the Year Award and are excited to continue honoring the best in class in the risk management profession with this award.  All great accomplishments that add an inspiring perspective on just how great this Society is and will continue to be.

    It seems like just yesterday we were all in San Diego and yet, this month, RIMS launched registration for RIMS 2017 Annual Conference & Exhibition in Philadelphia on April 23 – 26. The conference will offer more than 160 education sessions, giving professionals a global perspective on a wide range of the most relevant risk management topics.  Our keynotes are set – including the lovable, award winning actor Michael J. Fox – and the networking events are planned.

    Some of the new features for this year’s Annual Conference include an Executive Leadership Track, a new educational track titled, “Technology and Risk” that will focus on the business impact of new technologies, the first presentation of the RIMS Risk Management of the Year Award and a Wellness ZENter to make sure our attendees have the most rewarding, comfortable and healthy experience at RIMS 2017.  To attend RIMS 2017, register at www.RIMS.org/RIMS2017. 

    A big part of the conference is recognizing the great work that YOU do. The Society is currently accepting nominations for its chapter awards, individual honors and the Risk Management Hall of Fame by January 13thThe Risk Manager of the Year Award – our newest honor – requires nominations to be submitted by December 21st.  To learn more about RIMS awards program or to submit a nomination, visit www.RIMS.org/awards.

    To gain better perspective on our work and the work of our peers, we proudly released the 2016 the J.D. Power Large Business Commercial Insurance Study. The annual report measures risk professionals’ satisfaction with commercial insurers and insurance brokers.  Congratulations to Lockton and XL Catlin for receiving top honors. The complete survey is available through J.D. Power and the report’s highlights can be found in RIMS Risk Knowledge library.

    RIMS global initiatives remain a priority and are key to gaining new perspectives.  While I spoke in front of a crowd of 400 attendees at RIMS Risk Forum Middle East just last week, RIMS Board Director Robert Zhang met with students at Peking University in China. During his lecture at Peking University, Robert had the opportunity to share his career experiences and the advantages of being a part of this Society. RIMS continues to lead the way.  We continue to produce the highest quality and most relevant resources and conferences. We bring together the world’s risk management community, enhancing each of our perspectives and profoundly advancing our ability to achieve our goals. 

    This year has also given me the opportunity to see first-hand RIMS staff's commitment to excellence in executing on the vision of the board. The work that RIMS CEO Mary Roth and her team do on a daily basis to ensure that RIMS remains the best in business is outstanding. Their passion for the Society and the profession is inspiring and I want to thank them for everything that they do. 

    The Society’s Board of Directors is made up of some of the most dedicated professionals with whom I have had the privilege to work. I can’t express enough how amazing you all are and how important your support has been throughout my presidency.

    Finally, I’d like to thank YOU, our members.  Thank you for sharing your experiences, your insight and, most importantly, your time.  Your stories have provided RIMS and your fellow practitioners with invaluable perspective and are the reason the Society continues to thrive.

    We’re looking forward to bringing you more great opportunities in the year ahead.  It has been my pleasure to serve as RIMS 62nd President - and I'm excited about what the next year holds as our new executive committee prepares for 2017! 

    Happy and healthy holidays and New Year!

    Sincerely,
    Julie C. Pemberton
    RIMS 2016 President

  • Empowering Strategic Decisions

    Fri, Nov 04, 2016 -

    Just last week, I had the opportunity to join more than 300 risk management professionals at RIMS ERM Conference in Atlanta. This group of committed practitioners have been called on by their organizations to build a risk-aware culture, and enhance the business’ ability to achieve strategic objectives. 

    The ERM programs that were shared were outstanding and highlighted the value that an ERM approach can add to the organization.  Fourteen organizations were awarded for using RIMS Risk Maturity Model to reach a high-level of ERM maturity. Congratulations to Asia Cell, Argo Group, Centene Corporation, Greater Toronto Airports Authority, Honeywell, International Air Transport Association, Intuit, Lego Systems A/S, Lockheed Martin, Michigan Professional Insurance Exchange, Ooredoo Oman, Peoples Bancorp Inc., Radian Group Inc. and Wataniya Mobile Palestine. 

    The Society recognizes that more and more organizations are leaning on risk professionals to be strategic advisors and, in the past couple of weeks, has produced several new executive reports to help them be just that.

    At the ERM Conference, the Society launched two new reports Improving Strategic Risk Management Using Macro Risk Analysis and Bridging Strategy and Implementation with Strategic Risk Management.

    For risk professionals building their cyber risk strategy, we encourage them to check out RIMS 2016 Cyber Survey for benchmarking information. And, to give our membership a better perspective of the risk management landscape in Latin America, the Society teamed up with Marsh to develop the 2016 Risk Management in Latin America report. The full report is in Spanish and the Executive Summary is in English. The full Risk Management in Latin America report in English will be available later this month. All of RIMS reports are available in the RIMS Risk Knowledge library.

    Continuing our work to strengthen our global network, on December 13rd and 14th RIMS will host the second annual RIMS Risk Forum Middle East in Dubai.  The Forum has an impressive lineup of speakers including risk management leaders from New York University Abu Dhabi, Kuwait Petroleum Corporation, the Dubai Centre of Risk Management, Kerzer International, among others. For details about RIMS Risk Forum Middle East or to register, visit www.rims.org/RiskForum/Dubai16.

    Here in North America, specifically the United States, we are embarking on one of the most intriguing presidential elections of our time – two candidates with two polar opposite visions for the future of the country. We invite risk professionals to join RIMS for a special webcast on November 17th that will discuss the results of the 2016 United States Presidential and Congressional elections and how, based upon the outcome, practitioners may be affected.

    The webcast – Policy Issues in 2017: What the Election Means for Risk Managers – was developed by RIMS Government Affairs team and will be led by Seth Appleton, Chief of Staff for Congressman Blaine Luetkemeyer of Missouri, and Patricia A. Henry, the Global Government Affairs Officer for Chubb Group. To hear how the results of this U.S. election could impact your organization’s risk management strategies, practitioners can register here.

    Regardless of the practitioner’s experience level, their responsibilities within their organization, their geographic location or even their political leaders, RIMS stands ready to support all risk professionals’ understanding of the evolution of risk, enabling them to deliver valuable strategic direction to their organizations.

    Thank you for sharing your experiences with us and allowing RIMS to be the go-to source for all of your risk management needs.

    Sincerely,

    Julie Pemberton
    RIMS 2016 President

  • Hono(u)red

    Fri, Oct 07, 2016 -

    The creativity and the savvy of today’s risk professional has become critical to organizational success and, as such, the tradition of honoring their work annually must live on. RIMS has stepped in to continue to honor those deserving practitioners with the prestigious Risk Manager of the Year Award. The Society acquired the program from Crain Communications this September and we will be ready to celebrate this year’s winner at our Annual Conference & Exhibition in Philadelphia (April 23-26, 2017).

    Congratulations are certainly in order for the organizers of RIMS Canada Conference and our host, RIMS Southern Alberta Chapter.  In addition to sitting in and learning from the conference’s outstanding program, I had the opportunity to join a lively panel discussion on the future of enterprise risk management. The conference was capped off by hono(u)ring Mark Day, one of the Government of Alberta’s leaders in risk management, with the Donald M. Stuart Award, Canada’s highest honor within the risk management field.

    Registration opened this month for RIMS second Risk Forum Middle East and we’re hoping to see the same success that we just experienced at our second Forum in Latin America.  The Risk Forum Middle East is in Dubai on December 13 – 14 and we’re excited and honored to work, once again, with the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA) to help coordinate the event. 

    And, while registration is just opening for one event, another one is about to commence. RIMS ERM Conference is just around the corner and I’m excited to join practitioners in Atlanta at the end of the month. RIMS has a long history of encouraging student involvement at its events and, with the support of the Spencer Educational Foundation, we’re proud to be able to provide funds to 16 students from seven universities.

    In-person networking at our events is just one of the ways we support the world’s risk management community. Online learning is another.  In October, RIMS has two webcasts lined up, Workplace Violence and Active Shooter: Develop a Culture of Preparedness and How to Boost Company Valuation with the RIMS Risk Maturity Model for ERM.  Joining the webcasts live allows participants the chance to interact with presenters, and all of RIMS webcasts are also available on our website after their completion.

    In print, the Society issued its very first RiskPAC Quarterly, a resource that allows us to deliver information to members about our government affairs initiatives, current risk management issues surfacing in government, as well as some helpful tips and best practices for engaging elected officials.  The next edition is scheduled for December 2016.

    Also, the Society recently published a new executive report titled, “Risk Management’s Role in Mergers & Acquisitions.” The report shares the experiences of several risk professionals – including myself – and how we were able to add value to our organizations during complex merger and acquisition processes.  It is now available in RIMS Risk Knowledge library, along with several other recently released publications and articles. 

    As always, it is an honor for RIMS to promote the value of risk management and we look forward to doing so for years to come.

    Sincerely,

    Julie Pemberton
    RIMS 2016 President

  • The Learning Continuum

    Fri, Sep 09, 2016 -

    ​No matter the industry, professionals have turned to continuing education opportunities, certifications and designations to help them stay ahead and adapt to today’s erratic business environment. And, to support the world’s risk management community, RIMS has continued to enhance its programming in these areas to help members position themselves as valuable contributors within their organizations.

    The global RIMS-CRMP certification allows risk practitioners to prove their knowledge and commitment to professional excellence. We recently announced the first class of 90 RIMS-CRMP holders and we’re ready to welcome more.  In late August, registration opened for the next exam that will be available online during a window of October 15 – December 15. Make sure to send your application in so we can verify your eligibility. 

    RIMS online resources provide opportunities for pros to stay in step with the latest trends. This month, RIMS International Committee will share a new webcast titled, “Doing Business in China.” Led by RIMS Board Director Robert Zhang and other industry experts, the webcast will look at how a risk manager can contribute to corporate investment strategies and effectively measure risks of doing business in China.

    RIMS is also pursuing ways to share its online courses with more global audiences. RIMS Fundamentals of Insurance and Cyber Risk and Data Security online courses are now offered in Spanish.

    In-person events are another way we keep our members up-to-speed. In the next couple of weeks I will be attending RIMS Canada Conference in Calgary and RIMS Western Regional Conference in Seattle. And, while it seems far off into the future, in October I’ll be headed to RIMS Risk Forum Latin America (October 3-4 in Bogata, Colombia) and RIMS ERM Conference 2016 (October 24-25 in Atlanta). Registration information and agendas for both of those October events are now available online.

    This month, the Society published a new executive report, “Decoding Political Risk Management” that provides a guide for risk professionals assessing their organizations’ political risk. It defines political risk and explores top concerns for organizations as they expand globally, the characteristics of these risks, mitigation strategies and the insurance market. This report, along with many others, can be found in RIMS Risk Knowledge library.

    I can’t tell you how excited I am to join the Spencer Educational Foundation for its 8th annual gala on September 15. Being a part of an organization that’s focused on mentoring and supporting the next generation of risk professionals is truly rewarding. This year’s gala in New York will honor Louis P. Iglesias, President, Allied World, and Christine LaSala, North American Chair, Willis Towers Watson, for their contributions to and support of risk management and insurance education. Seats are still available, so if you’d like to join the festivities, visit www.spencered.org.

    Just last week, I returned home from RIMS Risk Forum Australasia and the Asia Risk & Resilience Conference 2016 in Singapore. I can confirm that the thirst for risk management knowledge is shared globally. RIMS stands ready to quench that thirst and pledges to continue to provide an array of first-class learning opportunities for its members around the world.

    Sincerely,

    Julie Pemberton
    RIMS 2016 President

  • Time to Shine

    Mon, Aug 01, 2016 -

    No matter the industry, it is imperative that professionals continue to invest in themselves. Whether it’s through networking or reading up on the latest industry trends, it is our job to reassure leadership that they’ve employed an individual who is dedicated to their craft, who is eager to learn and who is constantly searching for ways to excel and provide even greater value to the organization. 

    RIMS recently celebrated individual members who have taken a major step in affirming their professional value by becoming the first RIMS-Certified Risk Management Professional (RIMS-CRMP) certification holders. The results of the April exam are in. Of the 123 who took the exam 90 passed this global certification. RIMS congratulates the first class of RIMS-CRMP holders and welcomes others to join them once the exam is available online in October. 

    Just over a month ago, RIMS was able to shine the light on its value, hosting its first RIMS Risk Management Academy with Lloyd’s of London. The Academy offered attendees an interactive learning environment that included the Market Experience Session – an experience where participants observed the face-to-face negotiation between a risk manager and an underwriter. The event was highly successful and a great introduction for many attendees to our industry-leading resources.

    RIMS chapters also do a remarkable job in helping members shine in their workplace.  Last week, RIMS Florida Educational Conference welcomed hundreds of risk professionals for four days of learning and networking. I’ve been a member of RIMS for more than 20 years and this was my first trip to the conference. It was a privilege to join the festivities in Naples and share my presentation about the latest RIMS initiatives with attendees.

    My international travels as RIMS President really kick into high-gear in August.

    RIMS Risk Forum Australasia will be my first stop.  Ready for our fifth annual forum in the region, this year’s conference will, once again, give our attendees the insight they need to shine within their organizations. The conference will feature a stellar lineup expert speakers and thought-leaders including world-class Australian rugby star – turned insurance industry leader – Phil Kearns. We’re excited to welcome the region’s risk management community to Melbourne on August 22-23 for what we know will be another outstanding industry event. 

    My time in Australia will be short as, almost immediately following my remarks, I will hop on a flight to Singapore for the Asia Risk & Resilience Conference 2016 on August 25.  I’m honored to be invited by RIMAS and Business Continuity Planning Asia to present on enterprise risk management.

    For most, keeping up with my international travels would be near impossible. Understanding that travel isn’t easy for everyone, the Society continues to enhance its online learning opportunities. Just recently, RIMS held its first webcast series uniquely tailored for three different regions of the world. The Brexit: Political Risk in the Heart of the G7 webcast was delivered by Control Risks, a consulting firm specializing in global political risks, to audiences in Asia, Europe and North America.In addition to our Brexit series, RIMS is now offering three new online courses. For a long time, Risk Management Techniques, Fundamentals of Insurance and Cyber Risk and Data Security were in-person workshops hosted by the Society. And, now, we are proud to offer these courses online. All of our webcasts are cataloged and available for replay on the RIMS website. I encourage you to check them out.

    It’s your time to shine. Let RIMS be your source for cutting-edge industry insight. We look forward to welcoming you at our regional events this fall, and providing you with even more in the months ahead.


    Sincerely,

    Julie Pemberton
    RIMS 2016 President

POPULAR TOPICS


RIMS MARKETPLACE

Access the most comprehensive directory of solution providers for risk professionals.

myCOI

myCOI's suite of products provides you with the right solution to simplify the tracking process and minimize your risks of an uninsured claim and costly litigation...

RWH Myers

RWH Myers is committed to helping policyholders through business interruption and property damage claims, efficiently and accurately...

Navigant

Navigant represents policyholders in the analysis of losses and preparation of complex insurance claims...