Saying the role of risk managers is growing in importance, the president of the Risk and Insurance Management Society (RIMS) declared there are no boundaries to the level of influence professionals will ultimately have with the C-suite.
In her opening address to the 50th annual RIMS conference, President Deborah M. Luthi said the role of risk managers has evolved greatly from the days of simply purchasing and filing an insurance policy—and “somewhere along the way, risk management became cool.”
Risk managers, Luthi noted, are creating “opportunity out of uncertainty” while finding “effective and affordable solutions” for their business or institution. Risk professionals, she said, for the first time “have a well-defined path” to achieve direct influence on the chief executive officers of their organizations.
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