RIMS Releases “Enterprise Risk Management For Dummies” Guide

New York, N.Y., June 18, 2007 — The Risk and Insurance Management Society (RIMS) has sponsored the publication of Enterprise Risk Management for Dummies, authored by members of RIMS ERM Development Committee. The easy-to-read reference guide, published by Wiley Publishing, Inc., is being distributed to RIMS members this month and will be provided complimentary as a benefit to new members for a limited time.

“Enterprise Risk Management for Dummies is the newest addition to RIMS growing ERM portfolio of services,” says John Phelps, member of RIMS board of directors and director of business risk solutions for Blue Cross and Blue Shield of Florida, Inc. “The risk management responsibility within our member’s companies is changing to be more involved with a broad array of business uncertainties previously not considered to be within their field of responsibility. Risk managers now offer more strategic value as they help their organizations optimize their risk taking decisions. As a result, RIMS has seen a demand from the risk management community to learn more about ERM. This, in turn, has inspired RIMS to expand its ERM offerings, from Professional Development workshops to the ERM Center of Excellence and growing the ERM track at RIMS 2007 Annual Conference & Exhibition.”

Enterprise Risk Management for Dummies was authored by members of RIMS ERM Development Committee, Joanna Makomaski, risk manager at Enbridge Gas Distribution, Inc., and Beaumont Vance, senior enterprise risk manager at Sun Microsystems. In the tradition of Dummies books, the guide uses a simplified approach, complete with cartoons and humorous icons to dispel worries and inspire confidence. The 44-page reference booklet offers a valuable start-up guide for those new to ERM, complete with easy-to-understand ERM terms and useful tips and instructions on developing a solid ERM program. Enterprise Risk Management for Dummies also offers readers a background on risk — why it is needed, a variety of ways to identify and prioritize it and how to manage risks effectively.

RIMS offers leading industry resources, educational experiences and networking opportunities for risk managers and executives in relevant functions who own risk management responsibilities, including compliance, I.T., finance and treasury, legal, operations and security. The Society offers a number of outlets where risk professionals exchange ideas and engage in networking with peers and industry counterparts. RIMS products and services include Risk Management Magazine, the Annual Conference & Exhibition, regional conferences, RIMS Fellow® designation, professional development courses, RIMS Benchmark Survey™ on the commercial insurance market, the Legislative Action Center, a career center, Enterprise Risk Management Center of Excellence and the Risk Maturity Model for Enterprise Risk Management.

For more information on the Risk and Insurance Management Society, visit www.RIMS.org.

About the Risk and Insurance Management Society, Inc.

The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents nearly 4,000 industrial, service, nonprofit, charitable, and governmental entities. The Society serves more than 10,000 risk management professionals around the world. For more information, visit www.RIMS.org.

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