Risk & Insurance Management Society Launches Innovative Risk Management Maturity Model

NEW YORK, April 13 (TNSRes) -- The Risk and Insurance Management Society issued the following news release:

Recognizing the need for a more contemporary risk management maturity model that aligns with updated standards, increased expectations and the evolution of risk management, RIMS, the risk management society(R) has modernized its RIMS Risk Maturity Model (RMM)(R). Available online for organizations around the globe, the completely revamped RIMS RMM(R) guides strategic risk professionals in identifying their risk program's maturity level, in targeting areas for improvement, as well as in marking progress over time.

"RIMS continues to advance the resources it provides to elevate risk management globally," said RIMS Vice President of Strategic Initiatives Soraya Wright. "Beyond making it easier and more efficient to use, the RIMS RMM(R) is designed to tap user feedback to periodically refresh the model to reflect relevant and innovative practices."

The RIMS RMM(R) enables risk professionals to self-assess their organizational practices against these five pillars that leading organizations find are critical to successful outcomes:

* Strategy Alignment

* Culture & Accountability

* Risk Management Capabilities

* Risk Governance

* Analytics

"The RIMS RMM(R) was created by risk professionals, for risk professionals," said former RIMS Vice President of Strategic Initiatives Carol Fox. "The content contained in the RIMS RMM(R) was carefully designed by risk management professionals from the RIMS Strategic and Enterprise Risk Management Council, in addition to contributions from other thought-leaders, to reflect successful outcome-based practices."

Information provided during the assessment is confidential. Data is maintained by RIMS in a leading provider's encrypted cloud services.

RIMS RMM(R) users are provided with a downloadable report upon completion of the complimentary assessment. The report includes guidance for target tiers, as well as recommended resources by pillar.