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2016 Annual Report

The risk management profession continued to show remarkable signs of growth and innovation in 2016 and RIMS, the risk management society™, was at the forefront. From new global expansion initiatives and educational opportunities, to a globally-recognized risk management certification and additions to the Society’s event lineup, the Society worked diligently to build upon the wide selection of resources that serve the evolving needs of our stakeholders. 

One of several major milestones achieved by the Society in 2016 was the formation of its Global Development team. Recognizing the increasing trend and opportunity for organizations to introduce their services and products to new markets around the world, RIMS developed increased capacity to meet the needs of global members by offering more resources that support expansion efforts. 

In 2016, the Society held the first RIMS China Delegation. The delegation comprised Board Directors and RIMS Staff and featured a comprehensive agenda that included highly productive meetings with integral players in China’s insurance market, government, as well as universities in Beijing and Shanghai. Our engagement with the country’s emerging risk management community to learn about their programs and their challenges has been extremely valuable. 

RIMS hosted Forums in key countries to support the growing international risk management community. The desire for professional knowledge was clearly demonstrated at RIMS Risk Forum Middle East in December. The two-day Forum in Dubai saw attendance jump from 100 attendees in year one (2015) to over 500 attendees in 2016. With such strong supporting evidence for global initiatives, RIMS will continue to explore new opportunities to build on these successes. 

To successfully manage risk, it is crucial that RIMS continues to deliver resources that keeps its membership up-to-date with best practices and trends. In late 2015 and into 2016, the RIMS-Certified Risk Management Professional certification (RIMS-CRMP) was launched to help members demonstrate and confirm their expertise. The first exam for the RIMS-CRMP was held at RIMS 2016 Annual Conference & Exhibition in San Diego and saw over 100 risk professionals take the exam. We celebrated the first class of RIMS-CRMP holders later in the year and made the exam available online, a move to afford practitioners from around the world access to take the exam. 

In 2016, the Society also took steps to address the often-stated talent gap that will eventually impact the risk management profession. Noting the importance Rising Risk Professionals will play in the future of the profession, the Society focused its energy on this critical group, holding the first-ever RIMS NeXtGen Summit. One hundred up-and-coming risk professionals attended a two-day summit in Washington, D.C. and took advantage of education sessions developed specifically for them. The success of the event will result in a second forum slated for mid-2017.  

Other key initiatives in 2016 included the acquisition of the Risk Manager of the Year® award program, the Society’s contributions to the revised ISO 31000 Risk Management Assessment standard, critical enhancements to RIMS’ information technology security, as well as the production of the award-winning Risk Management magazine.

The best is yet to come. RIMS must stay focused on moving forward with all of its key audiences in mind. 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. The Society is primed to enhance its thought-provoking content and programming, industry-leading events, unrivaled networking opportunities and vault of diverse resources. Together we will make big strides to execute the Society’s strategic plan and goals, with members, staff and industry partners engaged, supportive and excited about the future of our profession.

Read the 2016 Annual Report​ for more on the latest from RIMS.



Nowell R. Seaman
RIMS 2017 President
Mary Roth
RIMS Chief Executive Officer



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