Fundamentals of Risk Management

Course Info

The traditional role of risk management is to protect the organization from negative deviations in a downside tail. Learn how understanding the fundamentals of risk management can be used to form decisions beneficial to your organization. Examine the building blocks inherent in risk management frameworks and determine the approach needed to meet your organization’s need.

Attendees evaluate the purpose, function and process of risk management. Our professional instructor will help participants keep track of their learning through "aha" moment worksheets and interactive discussion. Learn why and how executives use these fundamentals to create, protect and realize enterprise value.

What You Will Learn

Understand the basics and evolution of risk management
Navigate the dynamic universe of risk management from a beginner's standpoint
Know risk management as a function, a process, a discipline and a profession
Extend knowledge of risk management purpose and principles to your organization
Use a foundational understanding of risk management processes, tools and techniques for real-world business application
Understand risk management as a discipline for decision making

May 18–19, 2027

10:00 AM – 5:00 PM EDT

MEMBER$825

NON-MEMBER$1,225

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Elise Farnham
President, Illumine Consulting

October 20–21, 2027

10:00 AM – 5:00 PM EDT

MEMBER$825

NON-MEMBER$1,225

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John Everett Button, MA, AAIR, RIMS-CRMP, OpenFAIR
Enterprise, Technology, and Strategic Risk Strategist, American Systems

Who Should Attend?

This program is for professionals new to risk management, non-risk professionals who are interested in learning more about the discipline, and those who need a refresher on the foundations.

RIMS education courses are designed primarily for risk and insurance professionals, but anyone within an organization who wants to learn more about a specific topic of interest is encouraged to attend.

Your Instructor

Elise M. Farnham, CPCU, is President of Illumine Consulting, a firm dedicated to providing services to insurance and risk management professionals through continuing education and claims management consulting as well as expert testimony. She has over 40 years of experience in risk management and insurance having held executive positions with Crawford & Co., GAB Robins N.A., The Harmonie Group, and Carson-Brooks.

Ms. Farnham is a member of the CPCU Society, RIMS, and NAIW. She is a member of the Board of Ethical Inquiry for the American Institutes for CPCU and serves on advisory panels for the CPCU, AIC, and ARM programs. In 1993, she was named National Claim Professional of the Year by the National Association of Insurance Women (International) and was national president for that organization in 1998–1999. She was recognized as Insurance Woman of the Year by the Insurance Professionals of Atlanta in 2003 and 2004. Ms. Farnham is a frequent speaker and her articles have appeared in Business Insurance, Claims Magazine, CPCU Claim Quarterly, Today’s Insurance Professional, and Insurance International.

FAQs

What is the policy for cancellations and refunds?

RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded.

All requests for refunds or changes must be submitted in writing to RIMS at pd@RIMS.org. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.