Links to associations
AIRMIC has a membership that consists of over 900 UK and Overseas Risk Managers within Industry, Commerce and the Public sector.
The Association of Insurance and Risk Managers (AIRMIC) is the UK's sole organisation dedicated to the wide-ranging interests of all professionals practising or responsible for insurance and risk management. AIRMIC was founded in 1963 as the Association of Insurance Managers in Industry and Commerce.
The subsequent incorporation of "Risk" into the name marked the growing importance of risk management as a key business discipline to raising the awareness and standards of risk management, with the aim of expanding perceived horizons and opening up new worlds of opportunity.
Based in the heart of the City of London, AIRMIC continues to be a valuable source of contacts and is the principal supplier of practical operational support for risk and insurance managers, whether in industry, commerce or the public sector. The Association assists its members in terms of self-development, technical awareness and internal working relationships as well as representing their interests with the insurance market, Government and the media.
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RAMP (Risk Analysis and Management of Projects) is a new process created by members of both the actuarial and civil engineering professions. It helps to discover potential risks early in a project, properly analyse, mitigate and then how to apply financial values to them. The RAMP process is designed to help users make better decisions, for example with regards to project resource management, which will help ensure higher financial returns for investors.
Visitors to this Web site will discover a large network of international professionals from many disciplines interested in sharing risk knowledge and risk methods and their applications. SRA encourages partnership between individuals and organizations to contribute to risk analysis and risk problem-solving. This Web site provides knowledge about risk and its applications, while nurturing the future of risk research and education.
Frequent visits to the Bank of International Settlements site (BIS) are mandatory for serious BIS-watchers who are following the latest developments in the unfolding drama involving capital charges for banks -- especially for operational risks. The BIS is one of the few truly effective and authoritative supra-regulatory authorities in the world: it was founded on the premise that international banking systems are interdependent on each other - they exchange money among each other for a variety of activities via cross border settlement and payment systems. History has proven on several occasions, most recently during the Asian Crisis and the subsequent meltdown of the emerging markets in 1998 -- that one ailing system, whether due to a devalued currency, defaulted debt payments, or a liquidity crisis, can infect other economies of the international monetary system. What makes the BIS especially powerful in the banking community is its authority over the establishment of capital requirements. A banking system whose local banks ignore these requirements risks difficulty with raising capital in the international markets.
The BIS is an organization of great transparency and its current capital recommendations, along with a series of equally important documents on topics ranging from foreign exchange, derivatives and due diligence efforts on the part of banks can be ound at this site.
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The creation of the Institute of Risk management in 1986 marked a major step towards greater professionalism in risk management and the promotion of excellence. The designation F.I.R.M. is the recognised mark of a risk management professional. The Institute's Governing Body comprises representatives of industry and professional institutions closely concerned with the development of risk management and academic faculty members with a similar concern. Membership is currently over 1,500 worldwide.
The Institute's key objectives are:
Education:
To promote education in the theory and practice of risk management.
Qualification:
To provide the opportunity to qualify by examination for admission to the professional membership of the Institute.
Good practice:
To promote technical and ethical good practice by members.
Professionalism:
To provide an organisation to promote and protect the interests of the profession of risk management.
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The Risk and Insurance Management Society, Inc (RIMS) is a not-for-profit organisation dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources.
The Society is an educational charity which fosters and promotes research and best practice in strategic thought and action. It aims to increase the fulfillment by organisations of their purpose.
The Society has been the leading forum for strategic thinking and foresight since 1967.
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GARP’s aim is to encourage and enhance communications between risk professionals, practitioners and regulators worldwide. Through its events, publications, website and certification examination (FRM), GARP works on expanding views and increasing recognition of the global risk management community.
The Global Association of Risk Professionals is comprised of international risk management professionals who share a common interest in the field. Their website provides a platform for exchanging information and ideas to spur valuable discussions regarding risk management. GARP gives visitors access to a variety of information, ranging from events to employment opportunities to consulting services. Members come from over 100 countries, and work in regional and global banks, asset management firms, insurance companies, central banks, securities regulators, hedge funds, universities, large industrial corporations and multinationals.
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