RIMS and the National Insurance Academy to Develop Enhanced Risk Management Curriculum

​High-Tea Celebrates the Execution of the Memorandum of Understanding

April 10, 2019

National Insurance Academy (NIA) Director Shri G. Srinivasan, RIMS Board Director Jennifer Santiago and RIMS Vice President of Global Development Steven Chou met in Pune, India to officially execute a Memorandum of Understanding on behalf of the two entities. The agreement officially confirms a joint effort to develop enhanced risk management educational opportunities for NIA students that align with the global  RIMS-Certified Risk Management Professional (RIMS-CRMP) certification.


 Ms. Santiago, who holds the RIMS-CRMP certification, said, “The RIMS-CRMP is gaining recognition throughout the world’s risk management community as a highly-regarded mark of achievement that demonstrates the individual’s expertise, industry knowledge and commitment to professional growth.

 “We are proud to be here in Pune, to meet with the National Insurance Academy’s leadership and to initiate this important relationship that aims to achieve our shared goal of advancing the practice of risk management in the country.”

 The RIMS-CRMP certification is the only risk management certification in the world to hold accredited status. It received official accreditation by the American National Standards Institute (ANSI) under ISO/IEC 17024:2012 in late-2017. The ANSI Accreditation of RIMS-CRMP signifies that the Institute recognizes the competence of RIMS to carry out certification activities in accordance with requirements defined in International Standards and confirms approval by government and peer review assessments.

 The enhanced risk management program at NIA will align with the five domains tested on the RIMS-CRMP exam. Those domains include:

1. Analyzing the Business Model

2. Designing Organizational Risk Strategies 3. Implementing the Risk Process

4. Developing Organizational Risk Competency

5. Supporting Decision Making

RIMS’ Global Initiatives are led by Vice President Steven Chou (schou@rims.org) and Associate Director Jhelum Bagchi (jbagchi@rims.org). For more information about RIMS international activities and resources, visit www.RIMS.org/international.  For additional information about RIMS-CRMP certification, visit www.RIMS.org/certification.

About National Insurance Academy

National Insurance Academy (NIA) is a premier institution devoted to equip the insurance industry with the best of talents. Its close association with the Insurance industry provides the 'real life' reference to its training, education, research and consultancy activities. NIA was established in 1980 jointly by the Ministry of Finance - Government of India, Life Insurance Corporation of India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company, United India Insurance Company and The Oriental Insurance Company to be the institute of excellence in learning and research in Insurance, Pension and allied areas.

For more information, contact:

Josh Salter, Director of Communications, (212) 655-6059 or JSalter@rims.org

About RIMS

As the preeminent organization dedicated to promoting the profession of risk management, RIMS, the risk management society®, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS is committed to advancing risk management capabilities for organizational success, bringing networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who are located in more than 60 countries. For more information on RIMS, visit www.RIMS.org

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