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RIMS

President's Corner


Robert Cartwright

Robert Cartwright, Jr. is the Division Manager, Environmental, Health, Safety and Sustainability for Bridgestone Retail Operations (Northeast Division - US) and RIMS 2018 President.​
 

 

  • Kissing the Cod

    Wed, Oct 03, 2018 -

    ​To welcome newcomers to the island of St. John’s Canada, tradition insists that visitors take part in a fun “Screech-In” ceremony and kiss a codfish.  Let’s just say, I was officially welcomed to the RIMS Canada Conference in St. John’s, Newfoundland this past month – and have pictures to prove it.

    Once again, the annual conference provided the country’s risk professionals with ideas, best practices and resources to excel back home.  But, also, set in one of Canada’s most beautiful scenic regions, the conference was eye-opening. Not only were attendees introduced to a very vibrant and unique way of life, but it reinforced the diversity of the RIMS network. 

    As the Society’s leadership visits with our chapters and participates in global industry events, we are constantly learning about each community, the local business environment and the challenges risk professionals are facing.

    Recently, I was invited to be the keynote at the National African American Insurance Association’s annual conference in Atlanta, as well as at Gallaudet University in Washington, D.C.  Each of these opportunities is a chance for me to share my experiences with energized audiences and the resources this Society offers to support their 21st Century goals.

    This week, Mary Roth and I have been asked to contribute to the Institute of Risk Management South Africa’s (IRMSA) Annual Conference in Johannesburg and Cape Town. We are very excited to support IRMSA, who has designed their conference program around the seven attributes of RIMS Risk Maturity Model. While our presentations cover the future of the risk management profession, the impact of disruptive technologies and the value of a root cause analysis, we are there to learn. We are excited to collaborate further with IRMSA as we aim to support the advancement of risk management around the globe.

    Our global education continues later this year in Mumbai. Building off the success of RIMS Risk Summit in Mumbai in September, the Society has announced the dates (November 13 and 14) and opened registration for RIMS Risk Forum India. The Mumbai Summit brought together 30 risk management professionals to discuss top concerns for organizations in the region. With the insight we gained, we’re excited to develop a valuable and engaging program for India’s risk management community next month. We are also proud to announce RIMS India ERM Award of Distinction, to be presented at the Forum.

    In addition to our international initiatives, recently, RIMS held its pilot exam for the RIMS-CRMP-Fed, the micro-credential that supports risk professionals in U.S. government positions. Next week, the Society will open its annual call for committee volunteers and the nomination process for its annual awards program. For additional information about the RIMS-CRMP certification and micro-credential, visit here.  Details about awards RIMS will present next year can be found here

    We sincerely thank those of you who routinely share with this community and encourage others to get involved. Your perspectives, cultures and professional skills allow RIMS to deliver a truly diverse sampling of risk management knowledge in a wide-range of formats.

    Together, we have the power to advance this profession and create a legacy of greater opportunities for tomorrow's business leaders.

    Sincerely,
    Robert Cartwright, Jr.
    RIMS 2018 President

  • Ready, Set, Impact

    Tue, Sep 11, 2018 -

    ​Throughout my presidency, I’ve challenged risk professionals to think about the mark they’ll leave on the Society, on the profession, in their organizations and with their colleagues. And, while the challenge was made, the path to find those impact opportunities is not always easy to identify.  RIMS is proud to give members opportunities to contribute and take an active role in shaping this profession and their careers.

    Those opportunities can come by sharing your expertise and contributing to the development of new publications. Just this month, RIMS published two new reports. I would like to thank RIMS Members David J. Young, Christine Novotny and Julie Cain who collaborated on the “Communication with the C-Suite and Board” report, as well as the authors of the “Guide to Cyber Insurance.” Both reports are available for members in RIMS Risk Knowledge library. If this is how you’d like to make an impact, email content@RIMS.org with your ideas.

    Another way to make an impact is by becoming actively involved in the advocacy process, especially when it comes to regulation impacting our organizations and the profession. On September 12 – 13 in Washington D.C., RIMS Legislative Summit 2018 will commence. At the two-day event, we will take a closer look at cyber regulation, the looming expiration of the National Flood Insurance Program and the Terrorism Reinsurance Act (TRIA). We’re excited to welcome keynote speaker Congressman Dennis Ross (Florida) and present you with this opportunity.

    Whether it is as an attendee, an exhibitor or a speaker, our global network’s contributions enable us to deliver the best risk management events in the world. In September, RIMS’ regional events kick into high gear.  RIMS Australasia Summit was held in two cities last week, with programs in Sydney and Auckland. RIMS Western Regional is in Portland and will feature thought-leading, globally relevant risk management content, as well as insight on topics that are a priority to local community. Rounding out the month is RIMS Canada Conference.  Much like the theme suggests, our Canada Conference offers “Oceans of Opportunities.” It is the biggest risk management event in the country and the setting couldn’t be more spectacular in St. John’s, Newfoundland & Labrador.

    We’re calling on our global members to make an impact as well.  Last week, we began accepting presentation submissions for RIMS India Forum 2018 scheduled for November 13 – 14 in Mumbai. This will mark RIMS’ first Forum in the country and we’re excited to meet with our already extremely engaged risk management community there. 

    RIMS is proud to offer so many different resources to so many different types of professionals. Most importantly, we’re proud to offer opportunities for them to get involved, to make an impact and to leave a mark on this amazing profession for years and years to come.

    Sincerely,
    Robert Cartwright, Jr.
    RIMS 2018 President 

  • Our Future Plans

    Mon, Aug 06, 2018 -

    ​To build a more resilient network that embraces the many cultures, backgrounds and experiences of risk professionals from around the globe, we must be ready to identify emerging trends, understand them and quickly take action. To that effect, your RIMS Board of Directors has also been busy planning for the future. The Board met last month in New York City to discuss and validate the Society’s strategic plans. The strategy is based on our members’ needs and the resources required to address them. 

    So, I encourage you to get involved with your chapter and share your ideas and the opportunities you see for RIMS to advance. Our chapter leaders always welcome these contributions. If you need help connecting with your local chapter, please don’t hesitate to email chapterservices@RIMS.org.

    Benchmarking is one of the ways RIMS enables risk professionals to build effective risk management programs for their organizations. Compiling the Total Cost of Risk expenses for nearly 600 organizations, the RIMS Benchmark Survey aims to help us design smart and efficient risk financing programs. The “book” is now available in the RIMS online store and, for our members, be sure to get your discount when ordering.

    Diversity and Inclusion efforts continue to be a focus for RIMS. The task force has utilized an inclusion index to gauge the Society’s current diversity and inclusion standing. With this information, you can expect to see new programming and opportunities to ensure all of our members’ voices are welcomed and heard. 

    RIMS-CRMP certification continues to gain traction internationally. I would like to congratulate Roop Kumar Nagumantry and David Cui, our first RIMS-CRMP holders in India and China, respectively. The RIMS-CRMP is changing the risk management game around the world. These trailblazers saw its value and can proudly confirm their commitment to this profession, as well as their knowledge and expertise with this globally recognized mark of achievement.

    It’s official. RIMS Mentor Match is now available on Opis. With the new platform, RIMS members from around the world can now log-in and instantly connect with others. Since this is one the platforms of my presidency, I am already using this to continue mentoring others. Whether you’re interested in becoming a mentor or finding one, the resource supports the exchange of ideas and experiences across borders, generations and industries. I can’t think of anything more rewarding than mentoring a colleague, seeing their success and taking an active role in strengthening risk management’s future.

    Finally, your feedback is key for us to continue delivering relevant educational programming, events and opportunities for the global business community. I can’t express enough how much we value your enthusiasm and participation. Your continued support is greatly appreciated.

    Thank you,

    Robert Cartwright, Jr.
    RIMS 2018 President

  • 10 Years After - Continuing Legacy

    Tue, Jun 26, 2018 -

    ​This month, RIMS released a new Executive Report titled, “Enterprise Risk Management’s Wakeup Call: 10 Years After.” Focusing on the evolution of ERM ten years after the 2008 financial crisis, the report had me thinking about my presidential theme “Your Legacy, Our Legacy.”  The financial crisis had a tremendous impact on the way business is conducted today. Similarly, our actions today could have a lasting impact on our careers and the future of risk management.

    To answer the question “how do we ensure that risk management professionals are ready for whatever might come next,” RIMS has remained focused on creating opportunities to facilitate the transfer of knowledge – from one generation to the next, from one expert to the other.

    One tool, set to debut in July, is RIMS Mentor Match, exclusively for RIMS members. Through Opis, RIMS members in search of mentors or who are willing to volunteer as a mentor will have a forum to connect. 

    Not only will the platform eliminate geographic limitations, the customizable resource allows professionals at all levels to link up with others in similar industries, who share interests, backgrounds and more.

    Next is RIMS Learning Labs, another vehicle the Society has launched to deliver thought-leading knowledge at the chapter level. In its pilot year, the Society has called on business experts to deliver cutting-edge insight at select chapters. We are getting ready to expand the program and offer this no cost member-benefit to an even wider group of RIMS chapters in 2019.

    On another note, RIMS regional events continue to be outstanding opportunities for members to exchange ideas and share best practices.  I had the privilege to attend the RIMS Florida Educational Conference and am thrilled to see it continue to grow. The sessions were fantastic and its overall success is a testament to the volunteers in our seven Florida chapters. In September, I will be at the Western Regional in Portland, as then the RIMS Canada Conference on September 23-26 in beautiful St. John’s, Newfoundland. Registration has opened and we hope to see you there.

    All it takes is one connection, one learning point or one new idea. Every day, resources like those mentioned here can create that spark that changes our future. Additionally, the unquestionable value of mentorships can help make sure we don’t miss that opportunity to make a difference. I encourage you all to get involved with your local chapters, to take part in RIMS dynamic programming of events and education, to find your risk management passion and seize your opportunity to contribute to this great profession. 

    Thank you for all of your support.

    Sincerely,

    Robert Cartwright, Jr.
    RIMS 2018 President

  • Big and Bright

    Mon, May 14, 2018 -

    RIMS 2018 Annual Conference in San Antonio was a huge success. We can’t thank those of you who joined us enough for making the 56th Annual Conference such an amazing experience. We hope that you were inspired by all the BIG ideas shared, made some great connections and are now better prepared to take on your next BIG challenge as you execute “Your Plan.”

    The Diversity and Inclusion programming at RIMS 2018 was definitely a bright spot of the event for us. It was apparent by the standing-room-only sessions and meetups that these opportunities are important to our members. I anticipate that programming that focuses on this important issues will remain a staple of the Society’s offerings for years to come. Presently, I am involved with events held by NAAIA, AIG and starting collaborations with Zurich and AJG and that was MY PLAN to do more with Diversity and Inclusion.

    You probably also noticed the record number of students at RIMS 2018. Our Spencer-RIMS Risk Management Challenge teams were exceptional (congratulations University of Wisconsin-Madison) and our Anita Benedetti Student Involvement Program attendees further proved just how bright the future is for the profession.

    I challenged attendees to think about their careers and their plan for the future. I invited new risk professionals to reach out to industry veterans – like myself and RIMS Board of Directors. I have to say, the response has been fantastic. Our next step is to move ahead with the Opis Mentor/Mentee match as a good number of rising risk professionals have embraced this challenge and I am excited to work with them and see their careers continue to progress.

    The energy and excitement of RIMS 2018 did not end in San Antonio.

    RIMS Content Team captured insight from speakers at the conference’s most attended sessions. We look forward to sharing a series of videos that highlight hard-pressing trends in risk management over the course of the coming year.

    Additionally, this week, I attended the RIMS Risk Forum Latin America held in Mexico City.  RIMS and Marsh are excited to release the findings from our joint Risk Management in Latin America report – that is available in three languages. As always, our goal is to learn as much as we can from risk professionals in these regions and develop resources that address their unique needs.

    From Mexico to China. Later this May at the Shanghai Forum, Insurance Sub-Conference in Shanghai, RIMS Board Director Robert Zhang and myself will deliver keynote addresses about disruptive technologies and their impact on the risk management profession. The presentation will feature some of the key takeaways from our Excellence in Risk Management Report XV released in April.

    I finally want to applaud our chapter leaders, volunteers and members for their tireless contributions to the Society, while managing their day to day jobs and time away from their families. All year round, RIMS global risk management community works together to tackle some of the business worlds’ greatest and newest challenges. While all of that risk management power shined big and bright in Texas, the momentum will not stop there. We are moving out of the harbor and setting our course on improving membership engagement and providing resources where needed. I will be sharing more of RIMS’ world-class programming with you in the months ahead.

    Sincerely,

    Robert Cartwright, Jr.
    RIMS 2018 President

  • Mentoring & Next Gen

    Mon, Apr 02, 2018 -

    Risk professionals at all experience levels, from a wide variety of industries around the world continue to turn to RIMS for thought-leading content and resources. 

    The next generation of risk professionals is no different. We continue to see their interest in the profession grow. With a clear vision of what a career in risk management might look like, these aspiring executives not only have a plan but also access to the resources to reach their goals.

    With RIMS 2018 Annual Conference & Exhibition just a few short weeks away, the Society continues to offer opportunities that support this passionate group of up-and-coming professionals. 

    Early numbers indicate a record number of student attendees headed to San Antonio for RIMS 2018. They continue to realize the value of the conference’s educational programming and, perhaps more importantly, the face-to-face networking opportunities. 

    Included in that group of students are the 37 Anita Benedetti Student Involvement Program grant recipients. These exceptional students from around the world displayed immense progress in their risk management studies and a tangible passion for careers in this profession. Spencer and RIMS are also welcoming the final eight Risk Management Challenge teams to compete in San Antonio. Universities from the U.S., Canada, Singapore and China are hard at work, getting ready to present their risk management solutions in front of an esteemed panel of judges.  

    All RIMS members play an important role in the future of the Society, the profession and these students’ risk management journeys. The RIMS Mentor Match resource will be unveiled at RIMS HQ in the Marketplace. RIMS staff will demonstrate the new Mentor Match platform that allows mentors and mentees to connect based on risk management specialties, preferences, experience and geography. There is nothing more rewarding than becoming a mentor. I encourage you to stop by RIMS HQ (booth 1337) and learn more about this new resource.   

    The support doesn’t stop in San Antonio. Registration for RIMS NextGen Forum, scheduled for June 24 and 25 in Chicago, is now open. The Society has also opened registration to its first international event of the year – RIMS Latin America Forum, in Mexico City on May 7 and 8. 

    While I’ve highlighted some of the initiatives available to future risk professionals, RIMS Annual Conference offers something for everyone. I encourage you to check out all of the conference’s educational programming, networking events, including some new Diversity & Inclusion sessions, and the hundreds of solutions providers joining us in the RIMS Marketplace.

    The conference is always a great opportunity to share ideas and re-charge, to learn something new and then take it back home. We’re looking forward to welcoming everyone to San Antonio. For those of you who will not be able to make it, you’ll be able to tune in to parts of conference via our live-stream, read coverage in the Show Daily and watch videos on RIMS-TV all of which is available on the RIMS website.

    As always, thank you for your support and stay tuned for more from RIMS. 


    Sincerely,

    Robert Cartwright, Jr. 
    RIMS 2018 President

  • Building An Inclusive Society

    Tue, Mar 06, 2018 -

    ​A simple phone call can go a long way.

    In the beginning of February, we held a Presidents Call that gave your chapter leaders the chance to hear about the Society’s strategic direction and, more importantly, ask questions and offer input. A month later, the conversations are still going and the exchange of ideas has been fantastic. Our second President’s Call is scheduled for March 29 and an invitation to chapter volunteers will go out shortly. 

    The more feedback we receive from RIMS’ network of professionals, the stronger the Society and its resources become.

    Diversity and Inclusion initiatives are also a priority. And, RIMS 2018 Annual Conference & Exhibition is the perfect venue to celebrate our members’ different experiences, backgrounds and perspectives.

    At RIMS 2018, the Society will host a selection of Diversity and Inclusion opportunities, events and educational programming including:

    • RIMS Diversity Meet-Up on Sunday, April 15
    • Education sessions:
      • The Journey of the African American Insurance Professional
      • Diversity Training: How to Handle LGBTQ Issues with Cultural Sensitivity
      • Diversity and Inclusion: The Risks and Opportunities
    • Programming specific for the multinational group of 37 Anita Benedetti student scholars
    • Our Risk Manager of Year and Honor Roll inductees will share their very different experiences and successes that led to this honor

    This month, RIMS also announced a RIMS-CRMP certification project aimed at supporting a very specific group of risk management professionals. Working with the Association for Federal Enterprise Risk Management, the Society announced plans to develop the RIMS-CRMP-FED. This micro-credential will addresses the breadth of risk management responsibilities and supports professionals in federal government.

    Right now, preparation for RIMS 2018 is in full-gear. We are very excited to welcome 10,000 professionals from more than 70 countries around the world to San Antonio. Thank you all for your continued support and we look forward to seeing you in April.

    Sincerely,

    Robert Cartwright, Jr.
    RIMS 2018 President

  • Your Legacy, Our Legacy

    Mon, Feb 05, 2018 -

    ​It is an absolute honor to deliver this first message and serve this Society as president in 2018.  I’ve been a member of RIMS for over 20 years, have been an active member of my local RIMS Delaware Valley Chapter and this will be my 10th year serving on the RIMS Board.

    I’m a history buff, especially when it comes to RIMS history.  I love where we stand today and see great opportunities and success in this Society’s future.  

    RIMS was built by passionate professionals who realized just how crucial risk management is to the organization’s success; who dedicated themselves to the advancement of risk management practices; who envisioned a future where risk management would be recognized around the world as a fundamental business function; and who believed in the discipline’s potential to become a rewarding and highly-sought-after career path.

    My focus for the year is Your Legacy, Our Legacy. It’s a call to action. First, in order to get to where we are going, we must recognize the past. With that understanding, individually we can work on improving ourselves. And, collectively, those individual efforts will benefit the whole.

    This call to action implores risk professionals around the world to step back from their daily routines and ask themselves, “what mark will I leave on my organization, on my fellow and future colleagues, on the risk management community as a whole?”

    The opportunities are abundant. Will you develop or implement new strategies that take your organization to new heights? Will you embrace a mentorship role, sharing ideas and best practices? Will your focus be altruism, giving back to your local risk management community? Maybe it will be your work on risk management advocacy efforts and changing legislation that directly impacts the profession. Or, perhaps, a commitment to engaging and connecting with your peers around the globe.

    In just my first month as president, we’ve already initiated some new opportunities and resources to support our members’ professional journeys.

    RIMS released two new publications this past month. A new report “Top Five Steps for Communicating with Executives” addresses soft-skills risk professionals might need to effectively deliver the right information to leadership. And, as part of RIMS ongoing advocacy efforts, RIMS External Affairs Committee issued a Legislative Review. The review explores the implications of the Base Erosion and Anti-Abuse Tax (BEAT) on insurance and reinsurance programs. Both publications can be found in RIMS Risk Knowledge library.

    We also just held our first President’s Call. This initiative is designed to enhance communication between RIMS, its chapter leaders and, ultimately, RIMS members. More than 80 local chapter leaders joined the call and you should be getting an update from them soon. The next call is scheduled for March 29, 2018. Please feel free to contact RIMS Client Services to gain more information about them (cst@rims.org).

    And, in just under 70 days, we will convene for the greatest risk management event in the industry. Registration for RIMS 2018 in San Antonio April 15 – 18 is well underway. The Annual Conference always offers exceptional educational programming and we are proud to welcome professionals from over 70 countries – making it truly a world-leading conference. Get ready to GO BIG! and stay tuned for new updates that only add to this can’t-miss event.

    As a RIMS member, you have already taken the first step. Hopefully, you’ve realized that the career opportunities in risk management are diverse and limitless. That said, the only way to achieve greatness in this profession is to constantly enhance our capabilities.

    As we all strive toward establishing our own legacy, together we will positively impact the future of the profession, building a powerful and sustainable global risk management community for years to come.

    Thank you for all of your support.  We are looking forward to a great year.

    Sincerely,

    Robert Cartwright, Jr.
    RIMS 2018 President

  • Robert Cartwright, Jr. Named 2018 President of RIMS

    Tue, Jan 02, 2018 -

    ROBERT CARTWRIGHT, JR. NAMED 2018 PRESIDENT OF RIMS

    Society Introduces 2018 Officers & Board of Directors

    NEW YORK (January 2, 2017) — RIMS, the risk management society™, today announced that Robert Cartwright, Jr. CRM, BSB/OP will lead the Society as president for the 2018 term, effective January 1. 

    Mr. Cartwright is the Division Manager of Environmental, Health, Safety and Sustainability for Bridgestone Retail Operations in the Northeast Region. He has been a member of RIMS for more than 25 years and on its Board of Directors for ten years. Mr. Cartwright has held every Board position with the RIMS Delaware Valley Chapter, including serving as its president from 2005-2007. He was also the recipient of the 2009 RIMS Richard W. Bland Award for exceptional contributions to the Society’s legislative initiatives.

    “In order to advance the risk management profession we must recognize those who came before us,” said RIMS 2018 President Robert Cartwright, Jr. “Risk management has evolved leaps and bounds from just a decade ago and that progress is a direct result of our predecessors’ passion and perseverance.

    “Today, industry professionals have the same opportunity to become trailblazers, increasing organizational awareness of risk management’s diversity and value. As we work to establish our individual legacies, together we will strengthen and solidify the collective legacy of the global risk management community.”
     
    Officers on RIMS 2018 Board of Directors:

    • President: Robert Cartwright, Jr., CRM, BSB/OP; Division Manager, Northeast Region, Environmental, Health, Safety and Sustainability, Bridgestone Retail Operations, LLC.
    • Vice President: Steve Pottle, CIP, CRM; Director Risk Management Services, York University.
    • Treasurer: Gloria Brosius; Corporate Risk Manager, Pinnacle Agriculture Holdings.
    • Secretary: Robert Zhang; China Risk and Compliance Manager, IKEA (China) Investment Co., Ltd.

    New Board Members:

    • Susan Hiteshew, RIMS-CRMP, ARM; Senior Manager, Global Insurance and Risk Financing, Under Armour, Inc.
    • Kristen Peed, CPCU, RPLU, CRM, ARM-E, CIC, AAI; Director of Corporate Risk Management, CBIZ, Inc.
    • Jennifer Santiago, RIMS-CRMP, ARM; Director, Risk Management, Novartis Pharmaceutical Corporation.
    • Patrick Sterling, SPHR, SHRM-SCP; Senior Director, Legendary People and Risk, Texas Roadhouse.

    Incumbent Board Members:

    • 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.
    • Ellen R. Dunkin, Esq.; Senior Vice President, General Counsel & Chief Risk Officer, Amalgamated Life Insurance Company.
    • Laura Langone, JD, MBA; Senior Director, Global Risk Management and Insurance, PayPal, Inc. Holdings.
    • Soubhagya Parija; Senior Vice President and Chief Risk Officer, New York Power Authority.
    • Ex Officio: Nowell R. Seaman, RIMS-CRMP, FCIP, CRM; Director, Global Risk Management, Potash Corporation of Saskatchewan Inc.

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

  • Building Our Momentum

    Tue, Dec 19, 2017 -

    During the past year as RIMS President, I have been constantly inspired by the power and passion of the global risk management community.  Through our exchange of knowledge and experience, we can create compelling value for our organizations, and together we will continue to move the Society forward.  

    During December 2017, several important initiatives have allowed RIMS to showcase its resources, continue to grow its global network and learn from some of the brightest international risk professionals in the industry. 

    On December 12th and 13th, RIMS Risk Forum Middle East in Dubai drew nearly 250 attendees. Our partners at the Dubai’s General Directorate of Residency and Foreigners Affairs must be commended for their efforts that made this year’s event a great success. RIMS assembled a two-day educational program that featured risk professionals from some of the region’s leading organizations. I was honored to deliver the closing remarks and we look forward to building upon the relationships and friendships that we have formed.

    Our relationship with our partners in India continues to flourish. On December 6th and 7th, RIMS held its first-ever Risk Summit in Mumbai. Thirty risk management professionals were invited to explore best practices and challenges and the discussions were energetic and engaging. In addition, RIMS Vice President Robert Cartwright and Board Director Robert Zhang spoke at India’s Institute of Directors Global Convention on Corporate Risk Management and Ethics in Singapore on December 14th and 15th. The focus on risk management is intense in both India and Singapore, and RIMS is excited about the opportunities we have been afforded to be a part of that development. And being able to share what we have learned at each of these events will help to further connect the global risk management community.

    The Society just announced that the RIMS-Certified Risk Management Professional (RIMS-CRMP) certification is now internationally accredited by the American National Standards Institute (ANSI) under the ISO/IEC 17024:2012 standard. As the first risk management certification in the world to achieve this accreditation, we are beyond proud to offer this credential to qualifying risk professionals.  

    Last, but certainly not least, the RIMS 2017 Compensation Survey published this month provides detailed compensation analysis by industry, location and position for virtually all risk professional positions. It offers insight for organizations into investment in designated risk management functions, and high-quality benchmark information for comparison purposes. The RIMS 2017 Compensation Survey can be found in the RIMS Store.

    So much has transpired over the course of 2017. From the Leadership Forum in January, to RIMS Annual Conference and Exhibition in April, to changes in our membership structure, to our many global, regional, and local events, and the wide-range of reports and surveys published, it truly has been an amazing year. 

    It has been a privilege to serve as your RIMS President during 2017. There have been many highlights, but I would have to say that the best part for me has been meeting and working with so many great RIMS members, associates and partners. Your support and participation keeps RIMS moving forward together. Thank you!

    Now, as RIMS leadership and staff are busy planning even greater things for 2018, I want to extend very best wishes to you for a wonderful holiday season and a happy and prosperous New Year.

    Yours Sincerely,

    Nowell R. Seaman
    RIMS 2017 President

  • 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

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