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RIMS Announcements

  • RISKWORLD’S DIVERSITY, EQUITY & INCLUSION OPPORTUNITIES FOCUS ON CONNECTIONS AND LEARNING

    With risk professionals from all corners of the world and from different backgrounds gathering in Atlanta on April 30 – May 3 for RISKWORLD®, RIMS will take this opportunity to highlight the importance of DE&I in the risk community. Marsh shares DE&I as ... read more
  • RIMS GRANTS 20 EXCEPTIONAL RISK SCHOLARS AN ALL-ACCESS RISKWORLD® EXPERIENCE

    Demonstrating its commitment to the next generation of risk management leaders, RIMS, the risk management society®, presented 20 students with a 2023 Anita Benedetti Student Involvement Program grant (ABSIP). The program, sponsored by The Spencer ... read more

Recent Discussion Activity

  • Posted in: Risk Professionals

    We would keep in the register of identified risks and note the mitigations and their efficacy within the register. ------------------------------ Michelle Bennett Director, Insurance Risk Goodwill of Central and Northern AZ Phoenix AZ United States ...

  • Posted in: Risk Professionals

    I would keep it on your register with reference to the effectiveness of its mitigation but remove it from board reporting/discussion. You now have a top 7 instead of 8. Then reassess that risk in 12 months to ensure its mitigation is still where it needs ...

  • Posted in: Risk Professionals

    We do reporting and have a register. The register generally is not provided during reporting unless requested. We, generally, leave risks being reported in the report until the fiscal year end for consistency. However, once we start new reporting, a ...

  • Posted in: Risk Professionals

    Hi Kristina, We only report on open risk that have not been fully mitigated. When we have a well-managed risk, it remains on our register but not on our top risks. We actually don't delete any risks from our register, we attribute a status to all our ...

    1 person likes this.
  • Posted in: Risk Professionals

    It should be kept in the Risk Register with an explanation of current mitigation details. When the current mitigation changes in the future the residual risk would change so the risk level. Initial risk level (number) and residual risk level (number) ...

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