2020 was a year like none other experienced by the risk management profession, the insurance industry and RIMS.
In the midst of one the hardest insurance markets in several decades, the COVID-19 global health pandemic brought businesses to a stand-still. Around the globe businesses were forced to shut locations, close storefronts and factories, cancel events, curtail travel and manage workforce challenges. Supply chains were decimated and an overwhelming reliance on technology to continue some aspects of business and maintain communications opened the doors to greater data and cyber security risks.
Throughout the year, risk professionals were called on to act quickly and help their organizations adapt to the changing environment around them. The word “pivot” dominated business conversations as every business leader, every operations manager and every line worker had to shift strategies and change processes to navigate new, and rapidly changing circumstances.
The value of risk management soared as organizations leaned on their risk leaders for critical insight to make informed decisions and strengthen resiliency.
With the spotlight shining brightly on risk management, RIMS had to pivot as well, making sure the Society continued to deliver the resources and support our global membership needed without the ability to host RIMS renowned face-to-face events and Annual Conference & Exhibition.
The pandemic accelerated a digital transformation that allowed RIMS to continue to facilitate the exchange of ideas, best practices and trends, while also providing our members the opportunity to network, advocate for the profession and, most importantly, learn.
We would like to thank our dedicated volunteers who enabled this Society to traverse 2020’s challenges, as well as our Board of Directors who set our strategy and RIMS staff for persevering and executing. Lastly, we commend our global risk management community for their achievements throughout the year and thank them for sharing those accomplishments with RIMS and remaining committed to our Society and advancing this rewarding profession.
Finally, RIMS Annual Report has always focused on new and ongoing initiatives carried-out by the Society throughout the year. However, like with everything else in 2020, this report will be different and showcase how RIMS business areas pivoted in a year like no other.
Read the 2020 RIMS Annual Report for more on the latest from RIMS.
RIMS 2021 President
RIMS Chief Executive Officer