Numerous events in 2013 were stark reminders of the importance of our work, and emphasize organizations’ re-energized focus on developing strong risk management programs. Bombings at the Boston Marathon, terrorist attack in a Kenyan Mall, massive explosions at a Texas fertilizer plant, the flooding disaster in Alberta and Colorado and the epic data breach that devastated superstore Target were certainly catastrophes but also opportunities to elevate risk management and our roles as we bring value to our organizations.
Read the 2013 Annual Report for more on the latest from RIMS.
RIMS’ and industry surveys continue to show that organizations around the world have acknowledged the importance of risk management and are investing in this core business function. As further emphasis is placed on risk management capabilities, our members will require the resources, knowledge and networks to take their programs to the next level.
In 2013, RIMS proudly delivered innovative new resources, conferences, professional development opportunities and other invaluable insights to help our risk practicing members reach and exceed their goals.
The biggest change to the Society was its global expansion with the formation of its 81st and 82nd Chapters: RIMS Australasia Chapter headquartered in Melbourne and RIMS Peru Chapter in Lima. Later in the year, the Society held its first RIMS Risk Forum in Melbourne, a one-day event that attracted nearly 200 risk professionals from the region.
Enterprise and strategic risk management initiatives continue to be important to our members. Attendance at the third annual RIMS ERM Conference exceeded all previous years. RIMS also produced new resources and executive reports in 2013 that included: The ERM Starter Kit; Root Cause: More than Just Cleaning Up the Mess; RIMS|Marsh Excellence in Risk Management 10 Survey; Risk Reports and Perceptions: A Miami University Research Report; and Understanding Reputational Risk.
In 2013, RIMS professional development offerings expanded to provide members with flexibility and the best in industry insight. Overall, RIMS served more than 3,500 attendees with webinar offerings and almost 300 at our in-person workshops. The Society developed several new, unique webinar and conference streaming offerings – such as CourseCasts and a Massive Open Online Course (MOOC) – to meet the changing attitudes and demands for learning.
It was a pivotal year for RIMS advocacy efforts. With the expiration of TRIA looming, the 2013 External Affairs Committee worked diligently to deliver webinars, testimony, official comment letters, in addition to publishing “The Terrorism Risk Insurance Act: The Commercial Consumer’s Perspective” executive report to educate members about the implications of its expiration.
Now, with almost 12,000 members in over 60 countries, who hold a wide-range of executive titles within their organizations, our vast network of global professionals remains our strongest and most valuable asset. And, to ensure each of these constituents’ needs are met, RIMS established its Client Services Team, a group of RIMS employees dedicated to providing solutions to any and all queries that come their way.
The diversity of RIMS’ membership continues support the idea that risk management is not and should not be an isolated function. But, by promoting a collaborative risk management effort, organizations will be well-positioned to achieve its strategic objectives and leverage any opportunity that comes it way. In the years ahead, RIMS will continue to provide thought-leading resources and content to help today’s risk practitioners promote the value of their work and deliver exceptional results for their organizations success.