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Risk Knowledge

Risk Knowledge is a searchable library of relevant information for today's risk professionals. Available materials include RIMS Executive Reports, survey findings, contributed articles, industry research, benchmarking data and more.



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RIMS REPORT - An Evolving Model for Board Risk Governance: Revisited
The updated RIMS report looks at the 30 Dow Jones Industrial Average companies, examining trends in risk governance, how those organizations are now advising their investors about the board’s involvement in risk oversight and actions to enhance enterprise-wide risk management governance.
Author:  John Bugalia, Kristina Narvaez
Date: October 26, 2017
A Common Language: Aligning Third-Party Contracts with Insurance Policies
The report defines key insurance terms that must be understood by contract reviewers, as well as common contract clauses that impact the validity of both the contract and insurance policies.
Author:  Brenda Tappan
Date: September 25, 2017
Cyber Protection: What to Do Before and After a Cyber Incident
The report explores the precautionary steps and post-incident responses critical to managing a data breach. It highlights the importance of understanding business strategy and susceptible assets, employee training, cyber insurance and developing relationships with internal/external stakeholders.
Author:  RIMS, Teri Cotton Santos, Dwayne Eastwood, Michael Gresham, John Hansen
Date: June 28, 2017
RIMS Business Interruption Survey 2017
The 2017 report takes a look at the challenges that can lead to business interruption, as well as strategies to prevent and manage the impact of such occurrences.
Author:  RIMS Business Interruption Working Group
Date: April 25, 2017
MARSH RIMS Excellence in Risk Management XIV
The 14th annual report explores risk management and disruptive technologies including telematics, sensors, the Internet of Things, smart buildings and robotics.
Author:  MARSH, RIMS
Date: April 24, 2017
Transitioning to Enterprise Risk Management
The report, authored by members of RIMS ERM Committee, explores common characteristics of risk management programs and provides practitioners with five fundamental steps to help them successfully transition to a broader enterprise risk management approach.
Author:  RIMS
Date: April 19, 2017
RIMS Risk Management Professional Core Competency Model
Used in conjunction with the RIMS Professional Growth Model, this model highlights expected proficiencies in seven areas: core competencies, attributes, organizational knowledge, business knowledge, risk management knowledge, technical skills and management knowledge.
Author:  RIMS ERM Committee
Date: April 6, 2017
RIMS Professional Growth Model
The model provides a guideline for risk management professionals – and the organizations that employ them – about the professional knowledge, skills and abilities that support risk management career development and growth.
Author:  RIMS ERM Committee, RIMS Rising Risk Professionals Group
Date: April 6, 2017
Communicating the Value of Enterprise Risk Management
Developed by members representing the ERM Committees of the Property Casualty Insurers Association of America and RIMS, explores the risk professional’s perspective on the objectives and benefits of completing an Own Risk and Solvency Assessment(ORSA) and its potential value to the overall business.
Author:  PCI and RIMS
Date: January 9, 2017
Risk Management's Role in Mergers & Acquisitions
Risk practitioners' role in an M&A extends beyond uncovering financial savings. This report reviews the importance of understanding the strategy behind the deal, developing and maintaining productive relationships with stakeholders, effective processes for exchanging information and red flags.
Author:  Josh Salter
Date: September 12, 2016
Risk Taker vs. Risk Manager
The report explores goals, responsibilities and the value of collaboration between those charged with pursuing new opportunities and risk professionals. Best practices from leading organizations offer strategies for risk pros to develop relationships with both strategic and operational stakeholders.
Author:  Jessica Wasserman
Date: June 6, 2016
Steps to Successful Risk Taking: Developing Effective Risk Appetite and Tolerance Statements
This RIMS Executive Report explores characteristics of a well-defined risk appetite statement and connecting such statements to strategy. It features real-world examples of various organizations' statements and the processes they used to implement them.
Author:  Frank Fiorille, Robert Gould, Linda Conrad, Grace Crickette, Carol Fox
Date: April 5, 2016
RIMS Marsh Risk Management Latin America Report 2015 (SPANISH)
(IN SPANISH) This RIMS and Marsh Risk Consulting, the risk advisory consulting unit of Marsh LLC, report explores the region’s risk management landscape and challenges.
Author:  Rodrigo Fajardo, Marsh
Date: November 9, 2015
RIMS Marsh Risk Management in Latin America Report 2015 (ENGLISH - Executive Report Only)
(ENGLISH -- Executive Report Only) This RIMS and Marsh Risk Consulting, the risk advisory consulting unit of Marsh LLC, report explores the region’s risk management landscape and challenges.
Author:  Rodrigo Fajardo, Marsh
Date: November 9, 2015
About RIMS Risk Maturity Model
Many organizations have turned to RIMS Risk Maturity Model (RMM) to gauge their existing risk program. This report provides background about RMM and explores the attributes and competencies drivers that defines a “well-managed” ERM program.
Author:  Carol Fox, Steven Minsky
Date: October 26, 2015
State of ERM Report 2015
This Executive Report compares statistics gleaned over of the course of the seven-year period from RIMS Risk Maturity Model (RMM) and explores the organizations willingness to invest in ERM, areas where organizations have had success advancing their programs, as well areas of improvement.
Author:  Carol Fox, Steven Minksy
Date: October 26, 2015
Category: Enterprise Risk Management (ERM), Risk Management (General)
Keywords: Enterprise, ERM
Type: Executive Report
Members Only? No
Testing Value Creation Through ERM Maturity
This report provides a more in-depth look at the correlation between increased firm value and ERM maturity. Authored by Mark Farrell of Queen’s University Management School and Dr. Ronan Gallagher of University of Edinburgh Business School.
Author:  Mark Farrell, Dr. Ronan Gallagher
Date: April 29, 2015
Why a Mature ERM Effort is Worth the Investment
This report comments on recent findings that support organizations’ decisions to invest in mature enterprise risk management programs.
Author:  Carol Fox
Date: April 29, 2015
Managing Reputational Risk to Drive Strategic Performance
Explore how risks that contribute to reputational changes can be managed to drive value through a focused strategic risk management approach. In a sample reputational risk situation, the report provides instruction on how to apply the components of the strategic risk management framework.
Author:  Andrew Bent, Carol Fox, Monica Merrifield
Date: October 22, 2014
Claims Reporting and Management Practices
This RIMS Executive Report explores the characteristics of a successful claims reporting and management program. It offers a review of claims management principles, steps for establishing a claims management program, managing, reporting, monitoring claims and improving the claims management program.
Author:  Duffield, Fox, Hershey, Ho Sang, Jandrich, Jouben, Rivers, Tolan
Date: October 14, 2014
Excellence in Risk Management XI, Risk Management and Organizational Alignment: A Strategic Approach
This year's Excellence Report finds that risk management plays a more strategic role within organizations than ever before, yet when it comes to adding as much value as it is capable of delivering, the function has more to offer than is being used.
Author:  Carol Fox, RIMS and Brian Elowe, Marsh
Date: April 29, 2014
El Rol en Evolución del Profesional de Riesgos
Históricamente, se le ha descrito como una disciplina de negocios que protege los activos. Las organizaciones estructuran sus funciones de administración de riesgos con base en la importancia que perciben del impacto independiente, de los diversos riesgos que enfrentan.
Author:  Carol Fox, George Lewis
Date: January 16, 2014
Understanding Reputational Risk
This report attempts to define reputational risk explicitly as distinguished from brand risk. We explore key reputation drivers, reporting indicators and also offer an early stage framework to enhance organizational efforts aimed at managing reputational risk and reputation management performance.
Author:  Monica Merrifield, Ward Ching, Carol Fox
Date: November 5, 2013
Risk Reports and Perceptions
This study focuses on the communication of risk information between management and the Board of Directors. The objective is to examine the impact of using quantification within risk management reports. Study results uncover indirect associations between information format and management judgment.
Author:  Dale Stoel, Brian Ballou, Dan Heitger, RIMS, Miami University
Date: November 5, 2013
Root Cause Analysis: More than Just Cleaning Up the Mess
Risk professionals who have traditionally used a root cause analysis approach following an adverse risk event are increasingly using this same management strategy to “plan forward”, enabling them to manage the risks associated with their new business objectives before they happen - as well as exploi
Author:  Andrew Bent, Carol Fox
Date: August 2, 2013
Category: Enterprise Risk Management (ERM)
Keywords: ERM, root cause analysis
Type: Executive Report
Members Only? No



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