Canadian Risk Management Eligibility
To earn the CRM designation, candidates need to complete three foundational courses, and pass a standardized exam for each course.

Three Foundational Courses
The Foundations of Risk Management or
Risk Management Principles and Practices
Topics covered:- Introduction to risk management
- Risk management standards and guidelines
- Hazard risk
- Operational, financial, and strategic risk
- Risk management framework and process
- Risk identification, analysis, and treatment
- Big data analytics for managing risk
- Monitoring and reporting on risk
Risk Control or
Risk Assessment and Treatment
Topics covered:- Introduction to risk assessment and treatment
- Root cause analysis;
- Business continuity management
- Physical property risk
- Intellectual property and reputation risk
- Legal and regulatory risk
- Management liability and Human resource risk
- Environmental risk
- Crime and cyber risk
- Fleet risk
- Smart products and risk management
Risk Financing
Topics covered:- Introduction to risk financing
- Estimating hazard risk
- Transferring hazard risk through insurance
- Self-insurance plans
- Retrospective rating plans
- Reinsurance
- Captive insurance
- Contractual risk transfer
- Transferring financial risk
- Transferring hazard risk to the capital markets
- Allocating costs of managing hazard risk
Additional Notes:
The courses, and the three corresponding exams, are based upon the content from the below listed books, written and published by The Institutes.
- CRM-54 Risk Management Principles and Practices (Edition 3)
- CRM-55 Risk Assessment and Treatment (Edition 2)
- CRM-56 Risk Financing (Edition 6)
Steps to Obtain the CRM designation
Step 1: | Create an online profile here. |
Step 2: | Enroll in each course at a CRM Course Provider that offers the required CRM courses listed above. |
Step 3: | Access CRM Exam Registration page, select an exam and pay the testing and processing fee by credit card. (Exam fees are $155 (USD) for RIMS members and $175 (USD) for non-members.) |
Step 4: | GRMI will issue the virtual exam access instructions via email within 3 weeks of processing the exam fee. |
Step 5: | Go to The Institutes website www.theinstitutes.org, Click on Sign in from the upper right corner of the screen, Enter your supplied Username and Password, Click Sign in, and Select Exam.
|
Step 6: | Once you enter your exam you will need to complete the Exam Administration Affidavit and Agreement, and agree to the Code of Academic and Professional Integrity. |
Step 7: | Exam timer will start as soon as you click Start Attempt, and it cannot be paused. You will have one attempt to complete the exam. |
Step 8: | Candidate receives passing score of 70% or higher on all three exams. |
Step 9: | Email an official copy of your transcript or grade report for all three courses to GRMI@rims.org |
Step 10: | Access your Invoices page to pay the $100 (USD) CRM designation registration fee by credit card. |
Note:
Please allow up to six weeks for processing of CRM designation application material.
Questions?
Please send an email to GRMI@rims.org