rims (5)

8028298062?profile=originalThe Risk Management Society (RIMS) held their annual 2019 Risk Management Conference from April 7 to 10 in Boston. This year I was honored to be selected to speak on the effects of the See-Through Economy, “How to Mitigate Reputational Risk.”

The Risk Management Society holds one of the largest risk events of the year. Its purpose is to provide anyone tasked with risk responsibility, or who provides services to risk professionals, the skills and tools necessary to effectively integrate risk mana

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How the RIMS Risk Maturity Model Works

RIMS-5-Process-Steps-500x375.png?width=300Hack Wilson was an MLB star in the 1920’s, but he had a drinking problem. Realizing his potential, Hack’s manager pulled him into the dugout and said, “If I drop a worm into a glass of water, it swims around fine. If I drop it into a glass of whiskey, it immediately dies. What does this prove?”

Hack responded, “If you drink whiskey, you’ll never get worms.”

Hack’s observation, while misguided, provides a lesson in the difficulty of training and educating employees. Over the next several weeks, I h

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In Risk Management, Progress is Paramount

HomePage%20Banner-150x150.png?width=150One of our business analysts recently came to me with a particularly troubling conversation he had with a prospective client. The client reported to him that while 6 months ago the appetite for ERM had been strong, the enthusiasm and excitement for the program had since waned and the risk manager was now preparing to take “micro” steps forward over the next several years.

This account is far too common for enterprise risk managers in today's environment. Hired into an energetic and new function,

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risk_taxonomy2.jpg?width=322Fifteen of the world’s top risk managers met recently at the 2013 RIMS Risk Summit. When the topic of reputational risk arose, the group struggled to develop a concrete value proposition, but unanimously agreed that no ERM assessment that failed to tackle reputation risk would be deemed complete by leadership.

Their recognition calls attention to one of the biggest hurdles confronted by risk managers in all industries when faced with high level risks deemed critical by the board or executive lead

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Last week, at RIMS ERM Conference 2011, we announced that LogicManager and RIMS (The Risk and Insurance Management Society) have selected Queens University Management School (QUM) to update the landmark 2008 study that quantified a direct, positive relationship between the maturity of an organization's risk management framework and its business performance.  Read the full press release here.

The 2011 update will gather data just as the 2008 study did, using real organization's data compared again

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