LOS ANGELES, Nov. 28, 2017 /PRNewswire/ — Fourteen companies have received the 2017 Risk Maturity Model (RMM) Recognition. This annual distinction highlights organizations with leading enterprise risk management programs, as defined by the RIMS Risk Maturity Model (RMM). Steven Minsky, CEO of LogicManager and author of the RMM, presented the annual recognition to this year’s recipients at the 2017 RIMS ERM Conference in Los Angeles.
“Effective enterprise risk management is more important than ever in today’s see-through economy,” said Steven Minsky. “The risk teams at these 14 organizations join a growing list of leaders, and are well-positioned to protect their customers, employees, investors, and communities.”
Recipients of the 2017 RMM Recognition:
Argo Group * Asiacell * Centene Corporation * Chesapeake Employers Insurance Company Corporate One Federal Credit Union Eversource Energy Farm Bureau Insurance Company of Michigan Greater Toronto Airports Authority * Honeywell International Inc. * International Air Transport Association * Intuit * Lockheed Martin * Radian Group Inc. * University of California
*Recipient of 2015 or 2016 RMM Recognition
“Mature ERM competencies are known to deliver incremental value, enhancing organizations’ ability to effectively improve performance by naturally integrating risk management,” said RIMS Vice President of Strategic Initiatives Carol Fox. “Congratulations to this year’s RIMS RMM Recognition winners for truly embracing uncertainty and successfully developing coordinated and repeatable risk management approaches.”
Over the past 10 years, over a thousand organizations across the globe have used the RMM as a tool to assess and improve their processes, ultimately driving results for their businesses. In fact, a study published in the Journal of Risk and Insurance found that organizations with higher levels of ERM maturity, as defined by the RMM, experience a cumulative 25 percent firm valuation premium.
To find out where your program stands and gain a roadmap for improvement, take the RMM at www.rims.org/rmm.
LogicManager believes performance is a result of effective risk management. LogicManager’s ERM software empowers organizations to uphold their reputation, anticipate what’s ahead, and improve business performance through strong governance. LogicManager is the market leader in enterprise risk management (ERM) solutions. For more information about LogicManager, visit www.logicmanager.com.
As the preeminent organization dedicated to educating, engaging and advocating for the global risk community, RIMS, the risk management society™, is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 11,000