LogicManager and RIMS (The Risk and Insurance Management Society) have selected Queens University Management School (QUM) to update an academic study measuring risk maturity within organizations.
November 03, 2011 | Boston, MA: The 2011 study is a follow up to a landmark 2008 study that found a positive relationship between the maturity of an organization’s risk management framework and its business performance. This continuing research is based on data derived from the RIMS Risk Maturity Model for Enterprise Risk Management (RMM), co-authored by LogicManager and RIMS.
“The 2008 study was the first of its kind. We are excited to be updating this report as the correlation between risk and performance identified in the results of the first study was a ground breaking revelation in the field of risk management,” said Steven Minsky, CEO of LogicManager and co-author of the RMM.
Since 2006, the RMM has been used by more than 1,500 organizations across all industries. “We sought out RIMS and LogicManager to update the analysis, as the RMM is the premier source for risk maturity information, as it has by far the largest and most proven collection of real data that has stood the test of time,” according to Mark Farrell, Actuarial Science & Risk Management Teaching Fellow, Queen’s University Management School. In addition to gaining invaluable ERM insight about organizational risks, companies that complete the RMM assessment will receive a complimentary copy of the updated RMM research report.
The RMM for ERM is available at www.rims.org/rmm.
Additionally, the RMM will be spotlighted at the inaugural RIMS ERM Conference 2011 on November 1st through 3rd in San Diego. The conference will feature presentations highlighting the attributes of the RMM and its ability to help companies advance their ERM programs. LogicManager CEO, Steven Minsky, has been chosen to facilitate roundtable discussions on the RMM and how organizations can improve business performance through ERM.
LogicManager is the recognized leader in enterprise risk management solutions. LogicManager links risk to business performance, providing a common, intuitive platform of scientifically validated risk management decision and diagnostic tools for more responsible corporate governance. LogicManager makes it simple and practical for managers across the enterprise to identify forward looking trends and align operational activities to mitigate risks, maintain compliance and achieve balanced scorecard objectives. Visit LogicManager‘s website.
About the Risk and Insurance Management Society, Inc.
As the preeminent organization dedicated to advancing the practice of risk management, RIMS (The Risk and Insurance Management Society, Inc.) is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS brings networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who operate in more than 120 countries. For more information on RIMS, visit their site.
Caitlin Seele: email@example.com | (617) 530-1208