Collaboration between global risk management associations will be critical to the profession’s future, said RIMS, as it welcomed risk professionals to RISKWORLD 2023 in Atlanta.

RIMS, the New York-based risk management society, has announced it is teaming up in a new global alliance with PARIMA, the equivalent membership body for risk managers across Asia Pacific.

The memorandum of understanding was signed at the annual “Risk World” RIMS 2023 conference taking place between April 30 and May 3 in in Atlanta, Georgia.

Collaboration among global risk management associations will be critical to the risk profession’s future, RIMS emphasised in its announcement.

Signatories included RIMS 2023 board president Jennifer Santiago, RIMS-CRMP commission chair Ward Ching, RIMS CEO Gary LaBranche, and PARIMA co-founder and chairman Franck Baron.

RIMS is the world’s largest risk management membership association, with its biggest footprint in North America, while PARIMA primarily serves a membership community of risk professionals across Asia Pacific countries.

RIMS said that it aims to elevate the practice of risk management in the Pan-Asia region through the proliferation of the RIMS-Certified Risk Management Professional certification (RIMS-CRMP).

“Setting a global baseline for risk management skills and knowledge is a critical first step to advancing the profession,” said RIMS CEO, Gary LaBranche.

“As a unified force, RIMS and PARIMA are ready to deliver greater opportunities for risk professionals in the Pan-Asia region to earn the RIMS-CRMP, strengthen risk programs, drive organizational resiliency and advance professionally,” he said.

RIMS-CRMP is a risk management certification accredited by US standards body ANSI under the International Organization for Standardization ISO/IEC 17024:2012.

Under the new agreement, PARIMA will promote and deliver the RIMS-CRMP “Exam Prep Workshop” to its pan-Asian risk community while RIMS will deliver the course materials, case studies, instructors, and manage administrative and certification duties.

“PARIMA is committed to raising the profile and expertise of risk professionals across Asia Pacific, through fostering greater engagement with sister associations like RIMS,” said PARIMA co-founder and chairman Franck Baron.

“The collaboration will enable the RIMS-CRMP certification to be more relevant to Asia, and better position risk professionals to drive the key themes of resilience and sustainability for organizations across the region,” he added.

The RIMS-CRMP is focused on risk management rather than insurance management and tests qualifying risk professionals on the following five domains:

  • · Analyzing the Organizational Model
  • · Designing Organizational Risk Strategies
  • · Implementing the Risk Process
  • · Developing Organizational Risk Competency
  • · Supporting Decision Making.

You can click here to learn more about RIMS-CRMP, and for more information on PARIMA, click here.