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

May 8, 2019, 10:44 AM
Title : RIMS and the National Insurance Academy to Develop Enhanced Risk Management Curriculum
Subtitle : ​High-Tea Celebrates the Execution of the Memorandum of Understanding
Publish date : Apr 10, 2019, 00:00 AM
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.