Canadian Risk Management

Any Canadian risk professional can pursue their CRM designation. To earn the CRM designation, candidates must complete three foundational courses and pass a standardized exam for each course.​


Three Foundational Courses

Risk Management Principles and Practices

Topics covered:

  • Introduction to risk management
  • Risk management standards and frameworks
  • Hazard risk
  • Operational, financial, and strategic risk
  • Risk management framework and process
  • Risk identification
  • Risk Analysis
  • Risk Treatment
  • Big data analytics for managing risk
  • Capital Investment and Financial Risk
  • Monitoring and reporting on risk

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

The courses and the three corresponding exams are based on content from these books 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)

How to Earn the CRM

  1. Enroll in each foundational course at an approved CRM Course Provider.
  2. Register for each standardized exam through RIMS:
    • Navigate to the CRM Exam Registration page, select an exam, and pay the exam fee. If you do not have a RIMS account, you will be prompted to create one.
    • RIMS will provide virtual exam instructions via email within two weeks of processing the exam registration fee. Follow the instructions to complete the exam.
    • Receive a passing score of 70% or higher on all three exams. Notice of pass or fail is provided immediately upon completion of the exam.
  3. Email an official copy of your transcripts or grade reports for all three courses to
  4. RIMS will issue an invoice via email for the $100 USD designation fee.
  5. Your CRM digital badge will be issued within two weeks of the designation fee payment.


Please send an email to​​