The President of RIMS talks about risk management

Years ago, I spoke at a RIMS conference in Seattle. While they have produced some excellent pieces of thought leadership (under the leadership of Carol Fox), I was struck at the time by the dominance of people with a background in insurance. The majority of speakers didn’t seem to understand enterprise risk management (the big picture) and the need to take risk for success. Their response to increasing levels of risk was to increase insurance coverage.

That has clearly changed.

RIMS has a new president who seems to “get it”. Jennifer Santiago was interviewed by Risk & Insurance and said:

At its core, my focus is always on maximizing opportunities while keeping a close eye on potential adverse risks and outcomes. Balancing the risks with the rewards has always been my priority.

To be successful, risk professionals can’t stand still and become complacent. We need to ​get ​out from behind our desks and driv​e​ intelligent risk taking within our organizations. We need to build capabilities around risk assessment and scenario planning ​so that we can ​strengthen organizational resiliency. We must build in resiliency and asset protection while also supporting…