The Risk and Insurance Management Society, RIMS, said it has been approved as an accredited standards development organization by the American National Standards Institute (ANSI) Executive Standards Council. This status will enable the group to take a lead role in developing risk management standards.
RIMS said it aims to begin standards development in early 2012.
“Developing and distributing standards is vital to ensuring consistently high levels of practice in organizations worldwide, and has been top of mind for RIMS’ since we formed our Standards and Practices Committee in 2009,” says Lori Seidenberg, RIMS board member and vice president, enterprise risk management, Centerline Capital Group. “This approval, in conjunction with the efforts of our membership, will undoubtedly serve to foster a culture of risk management across sectors.”
ANSI oversees the creation and use of norms and guidelines that directly impact businesses in nearly every sector.
Was this article valuable?
Here are more articles you may enjoy.
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
More Americans Are Moving Away From Flood Risk Than Toward It 
