Canadian Risk Management Eligibility

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

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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 Finan​cing​

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 correspo​nding 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 Prometric Testing Center location options and access instructions via email.

Step 5:

Candidate enters the access code sent via email from GRMI into the Prometric site, selects an exam date, time and location.

 

Note:

To avoid delays, candidates may schedule their standardized exam(s) prior to finishing each course. However, please note that the CRM designation will not be awarded until courses and standardized exams are completed and final transcripts submitted.

Step 6:

Candidate receives passing score of 70% or higher on all three exams.

Step 7:

Mail an official copy of your transcript or grade report to GRMI, 1407 Broadway, 29th Floor, New York, NY 10018.​

Step 8:

Access your Invoices​ page to pay the $100 USD CRM registration fee by credit card.

 

Note:

Please allow up to six weeks for processing of application material.

 

 

Questions?

Please send an email to GRMI@rims.org​​