2022: A YEAR IN REVIEW
As the world continues to address unprecedented adversity, the impact of strong risk management has never been more apparent. Tasked with supporting their organizations to navigate challenges presented by the global pandemic, supply chain failures, natural disasters, political uncertainty and so much more in 2022, risk professionals leaned on RIMS for knowledge, resources, and connections.
RIMS witnessed an intensified demand for risk management support in numerous ways. However, most notable was the success – and return to in-person – of RISKWORLD® 2022. Formally RIMS Annual Conference & Exhibition, RIMS rebranded its flagship event to reflect the value added by risk professionals globally, to embrace the global risk community, and assure them that RIMS continues to be committed to addressing risks that impact organizations worldwide.
With new branding, a powerful lineup of speakers and thought-provoking education, the inaugural RISKWORLD® exceeded all expectations. More than 8,500 risk professionals attended RISKWORLD 2022 in San Francisco including exceptional participation from risk solution providers, insurers, the brokerage community, and risk technology innovators.
The completion of RISKWORLD officially marked the retirement of RIMS CEO Mary Roth whose remarkable 28-year career serving the risk management community has positioned RIMS for future success. In April, the Society announced its new CEO Gary A. LaBranche, FASAE, CAE, a proven association leader who quickly stepped in to share his experiences and set a course for RIMS to adapt,
evolve and thrive in this post-pandemic world.
The RIMS Compensation Study 2021 (released in 2022) revealed that pay for U.S. risk professionals increased more than 14 percent and, in Canada, risk professionals experienced an average 18 percent increase in pay. These compensation increases were yet another indicator of the undeniable value of risk management.
In 2022, RIMS continued to advocate on behalf of risk professionals, focusing on the Pandemic Risk Insurance Act (PRIA) and Cyber Security and Data Privacy regulations. RIMS Legislative Summit provided attendees with a platform to engage policymakers and ensure risk professionals’ voices are heard.
RIMS welcomed its 80th Chapter in 2022 the Greater Bluegrass Chapter, re-vamped and re-launched the RIMS Risk Maturity Model, held a successful RIMS ERM Conference in Indianapolis, and culminated the year reaccrediting the RIMS-Certified Risk Management Professional certification with ANSI.
RIMS success in 2022 and beyond is a testament to the dedication and commitment demonstrated by this professional community that comprises passionate volunteers and an exceptional Board of Directors.
As a unified force, RIMS will continue to deliver opportunities to help risk professionals grow and advance in their careers, expand their impact, and lead organizations. The following Annual Report highlights the value and reach of RIMS in 2022.
