Risk And Insurance Management Society

What Does Risk And Insurance Management Society Mean?

The Risk and Insurance Management Society (RIMS) is a professional, non-profit organization established in 1950, focused on enhancing knowledge of risk management and promoting the industry.

The organization includes both risk managers and insurance purchasers and represents more than 3,500 entities worldwide, including industrial, service, charitable, non-profit, and government organizations. Risk managers at these organizations decide what coverage their employer needs, working through options like general liability, property, and workers’ compensation that fall under the broader category of business insurance.

Insuranceopedia Explains Risk And Insurance Management Society

RIMS strives to enhance communication, networking, education, and professional development for its members. With a presence in over 60 countries and more than 11,000 risk management professionals among its members, the organization provides valuable support to those seeking to advance their careers through networking opportunities and further education. A lot of what RIMS members focus on at conferences and in continuing education ties back to choosing the right types of business insurance for their organization.