Risk & Insurance Management Society Launches Innovative Risk Management Maturity Model – InsuranceNewsNet

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Targeted News Service (Press Releases)

NEW YORK, April 13 (TNSRes) — The Risk Management and Insurance Company issued the following press release:

Recognizing the need for a more contemporary risk management maturity model that aligns with updated standards, increased expectations and the evolution of risk management, RIMS, the risk management company(R) modernized its RIMS Risk Maturity Model (RMM)(R). Available online to organizations worldwide, the completely revamped RIMS RMM(R) helps strategic risk professionals identify the level of maturity of their risk program, target areas for improvement, and mark progress over time. weather.

“RIMS continues to advance the resources it provides to improve risk management globally,” said RIMS vice president of strategic initiatives. Soraya Wright. “In addition to making it easier and more efficient to use, the RIMS RMM(R) is designed to leverage user feedback to periodically update the model to reflect relevant and innovative practices.”

The RIMS RMM(R) allows risk professionals to self-assess their organizational practices against these five pillars that large organizations consider essential to success:

* Strategy alignment

* Culture and responsibility

* Risk management capabilities

* Risk governance

* Analytic

“The RIMS RMM(R) was created by risk professionals, for risk professionals,” said the former vice president of strategic initiatives at RIMS caro fox. “The content of the RIMS RMM(R) has been carefully designed by risk management professionals in the RIMS Strategic and Enterprise Risk Management Councilin addition to contributions from other thought leaders, to reflect successful results-oriented practices.”

The information provided during the evaluation is confidential. Data is stored by RIMS in encrypted cloud services from a leading provider.

RIMS RMM(R) users receive a downloadable report upon completion of the free trial. The report includes guidance for target levels, as well as recommended resources by pillar.

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