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2023 RIMS Awards Celebrate the Past, Present and Future of Risk Management

Risk Management Monitor

Recognizing a lifetime of outstanding service and achievement in the risk profession, the society’s top honor, the Harry and Dorothy Goodell Award, was presented to Joan Schmit, distinguished chair of risk management and insurance at the University of Wisconsin-Madison. Andrews, Jim Green, and Daniel J.

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5 Steps to Implement Enterprise Risk Management (ERM)

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Enterprise risk management (ERM) is critical for success in the modern business landscape. Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters.

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What Is Risk Management?

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What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

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RIMS Kicks Off RISKWORLD 2022 Honoring Top Risk Professionals

Risk Management Monitor

SAN FRANCISCO—At today’s RISKWORLD 2022 opening ceremony and awards luncheon, RIMS recognized top risk management and insurance professionals with the society’s annual awards. Courtney Davis Curtis’ risk management philosophy is spot on,” said RIMS President Patrick Sterling.

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RIMS ERM Conference 2021: A Case-Study Approach to “Solve Any DEI Issue in One Hour”

Risk Management Monitor

In one of the afternoon’s sessions, “Identify and Solve Any Organizational DEI Issue In One Hour,” presenter Layne Kertamus, professional in residence of risk management and insurance at Utah Valley University, explored “new ways to talk about what needs to be said, and what needs to be listened to.”.

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Managing Sanctions Risk from Russia’s War on Ukraine

Risk Management Monitor

Since Russia began attacking Ukraine on February 24, thousands of people have been killed and over a million people have had to flee their homes, presenting one of the largest refugee crises Europe has ever experienced. Be sure to engage with regulators, enforcement agencies, banks and insurers for guidance.

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Important KPIs for Successful Vendor Management

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Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks?