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(NEW YORK) May 1, 2023 – RIMS, the risk management society®, and PARIMA, the Pan-Asia Risk & Insurance Management Association, have announced a collaboration to elevate the practice of risk management in the Pan-Asia region through the proliferation of the RIMS-CRMP® certification. The Memorandum of Understanding was officially signed at RISKWORLD® by RIMS 2023 Board President Jennifer Santiago, RIMS-CRMP Commission Chair Ward Ching, RIMS CEO Gary A. LaBranche, FASAE, CAE and PARIMA Co-founder and Chairman Franck Baron.

The goal of the collaboration is to establish a standard of knowledge and professionalism for risk professionals that is recognized and accepted around the world.  Central to this endeavor, PARIMA will market, promote and deliver the RIMS-CRMP Exam Prep Workshop™ to Pan-Asia’s risk community while RIMS will deliver course materials, case studies, instructors, and manage administrative and certification duties.

The RIMS-Certified Risk Management Professional certification (RIMS-CRMP) is the only accredited risk management certification in the world.  The certification is accredited by ANSI under ISO/IEC 17024:2012.

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

Franck Baron said, “PARIMA is committed to raising the profile and expertise of risk professionals across Asia Pacific, through fostering greater engagement with sister associations like RIMS. The collaboration will enable the RIMS-CRMP certification to be more relevant to the region, and better position risk professionals to drive the key themes of resilience and sustainability for organizations across the region.”

Unlike insurance focused professional credentials, the RIMS-CRMP tests qualifying risk professionals on the following five domains:

1. Analyzing the Organizational Model

2. Designing Organizational Risk Strategies

3. Implementing the Risk Process

4. Developing Organizational Risk Competency

5. Supporting Decision Making

Risk professionals interested in earning their RIMS-CRMP certification must meet the eligibility requirements; apply online; schedule their exam at a testing center or remotely at www.PearsonVUE.com/RIMS; and receive a passing mark. RIMS offers optional preparatory workshops for the RIMS-CRMP exam. A list of those workshops is available here.

To learn more about the RIMS-CRMP certification and to access study materials, visit www.RIMS.org/certification.

About RIMS
RIMS, the risk management society®️, empowers risk professionals to make the world safer, more secure, and more sustainable. Through networking, professional development, certification, advocacy, and research, RIMS and its 80 chapters serves more than 200,000 risk practitioners and business leaders from over 75 countries. Founded in 1950, the Society publishes the award-winning Risk Management Magazine and produces RISKWORLD®️, the largest annual gathering of global risk professionals. RIMS embraces diversity, equity and inclusion and welcomes all risk professionals to connect and learn, explore the online Risk Knowledge library, tune into the RIMScast podcast series, and engage via LinkedIn, Twitter, and Facebook. To learn more, visit www.RIMS.org.

About PARIMA

PARIMA (Pan-Asia Risk and Insurance Management Association) is a not-for-profit professional association dedicated to developing risk management as a profession and providing a platform for risk & insurance managers to connect. It partners with 26 companies from the insurers, brokers, consultants, and service providers to bring professional development opportunities and educational resources to risk professionals in APAC. We aim to strengthen and enhance the risk management culture by creating opportunities for education and dialogue within the community. It has almost 2,700 members representing more than 1,300 companies across the Asia-Pacific region.

For more information on PARIMA and its activities, please visit http://parima.org/.