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RIMS leaders tout global reach, voice concerns over TRIA


DENVER — This year's annual conference of the Risk & Insurance Management Society Inc. includes professionals from a record 66 countries, an international presence reflecting one of the goals RIMS President Carolyn Snow has set for the organization during her one-year tenure — expanding the organization's global reach.

“To meet the needs of such a diverse membership, we're now holding various conferences around the world,” Ms. Snow, president and director of risk management for Louisville, Ky.-based Humana Inc., said during the conference's opening general session Monday.

“Extending the society's influence around the world benefits every single one of us in this room,” Ms. Snow told the gathered RIMS conference attendees.

RIMS' executive director, also discussed the society's efforts to voice risk managers' concerns on the legislative front, particularly with regard to renewal of the Terrorism Risk Insurance Act, set to expire at the end of the year.

“RIMS continues to be the voice of our members on legislative initiatives,” Ms. Snow said, adding that RIMS members' involvement in contributing their own voices in that process is an important element of achieving the organization's legislative goals.

TRIA's potential expiration “has a global impact,” said Ms. Roth, suggesting any company with operations in the United States could be affected if the federal terrorism backstop is allowed to expire on Dec. 31. RIMS will travel to Capitol Hill to advocate on behalf of various risk management issues during its 2014 Legislative Summit June 9 and 10, Ms. Roth said.


Noting that legislative issues are just one of many factors influencing the future of RIMS and risk management, Ms. Snow cited the RIMS 2020 task force she organized to look at changes in the risk management industry and the broader environment in the years ahead, and to position the society to address them.

“To insure that the profession of risk management continues to grow and thrive, it's important that we present a vital view of the future,” Ms. Snow said.

Ms. Snow said another goal of her RIMS presidency is to enhance the society's delivery of information and resources to its members.

Ms. Roth cited several ways in which the organization is achieving that, including white papers, the society's partnering with J.D. Power and Associates on an upcoming commercial insurer and broker satisfaction study, and RIMS' online risk management library.

In addition, “RIMS is completely revamping our largest resource: our website,” Ms. Roth said. She said the society expects to launch the revamped website in May.