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RIMS leaders set goals when the live conference returns



SAN FRANCISCO – Risk professionals showed their value to their organizations during the covid-19 pandemic but face more challenges in the future as global events continue to affect companies, the leader of the Risk & Insurance Management Society Inc. said on Monday.

They spoke during the opening session of Riskworld, RIMS ‘annual conference, which will be held in San Francisco this week. The conference is taking place in person for the first time since 2019.

“In recent years, risk professionals have been put to the test, and unfortunately it seems that the world is testing us again,” says Mary Roth, CEO of RIMS. “The events taking place in Ukraine are heartbreaking; RIMS is proud of the actions taken by so many of our partners, and we also stand in solidarity with this struggle for freedom and peace. “

Several brokers and insurance companies closed or discontinued their operations in Russia after the invasion of Ukraine, which began in February. The Federation of European Risk Management Associations shut down Russian member RusRisk last month.

“It was a tough road to get back to this conference, but now it̵

7;s time to celebrate,” said Roth, who is retiring this year after serving as head of RIMS since 2004. She joined the organization in 1985.

Risk managers have made valuable contributions to their organizations, and many have been rewarded for their efforts, says Patrick Sterling, RIMS 2022 President and Vice President of Legendary People at Texas Roadhouse.

RIMS ‘salary survey released earlier this year showed that the salary increases for risk professionals were on average 14.4% between 2019 and 2021.

“Salary increases show that business leaders are investing in their risk management teams,” he said.

During the pandemic, risk managers demonstrated their value by working to distribute training and education that enabled staff to adapt, raised difficult “think about” issues that ensured risk management was a factor in decision-making, and bridged divisions between departments, he said. .

As a group, RIMS will continue to work for additional risk management efforts, including lobbying for a federal backstop for pandemic risk and rules for managing cyber risks, Sterling said.

“Society continues to be a strong supporter of the Pandemic Risk Insurance Act – a public-private partnership is crucial to address this risk. Cyber ​​regulation is another top priority for RIMS and our members, especially as we become more dependent on technology,” he said. he and noted that the RIMS annual legislative summit will take place in person again in Washington in June.


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