Partnership to Deliver Globally Accepted Risk Strategies and Insight in Hong Kong

New York (October 26, 2021) –, RIMS, the risk management society®, and the Hong Kong Confederation of Insurance Brokers (HKCIB) have agreed to deliver The Science of Risk Management virtual workshop for the Confederation’s vast network of risk management leaders and insurance and brokerage professionals.

Scheduled for November 23-26, 2021, the workshop will explore the dimensions of risk management, key risk management competencies, risk professionals’ evolving role and business leaders’ expectations of this critical function. The program will enhance participants’ abilities to:

• Communicate the principles of risk management at all organizational levels;
• Create awareness and prevent excessive levels of risk and mitigate adverse outcomes;
• Foster a collaborative and consultative risk management environment;
• Demonstrate business insight and leadership abilities.

“The Science of Risk Management” will be taught by former RIMS President Nowell Seaman, RIMS-CRMP, FCIP, CRM. Nowell has more than 25 years' experience in risk management for organizations in the private and public sectors and has specialized in enterprise and operational risk management, insurance and alternative risk transfer, business continuity planning and crisis response.

“Risk management is an essential business function that allows organizations to make informed strategic decision that not only mitigate potential exposures but that also support innovation and value-generating initiatives,” said RIMS CEO Mary Roth.  “To be effective in this evolving role, risk professionals must continue seek opportunities to evaluate best practices and learn.  RIMS is proud to partner with the Hong Kong Confederation of Insurance Brokers and to share our expertise is this area with their professional network.”

For additional information about RIMS global initiatives, resources and educational programming, visit www.RIMS.org.  For information about the services offered by the HKCIB to the insurance broking community in Hong Kong, visit www.hkcib.org.

About the Hong Kong Confederation of Insurance Brokers (“HKCIB”)

HKCIB was formed in February 1993.  From 30 June 1995 until 23 September 2019, HKCIB was one of the two approved bodies to self-regulate insurance brokers in Hong Kong.  The fundamental role of HKCIB as a self-regulatory organization ended in September 2019 when the Hong Kong Insurance Authority (“IA”) took over the self-regulatory functions to implement direct licensing regime in Hong Kong.

Today, CIB is a professional body representing the interest of insurance brokers. CIB is now focusing on three key roles for serving our members:

“Professionalism” - to promote professionalism amongst brokers in the industry;

“Representation” - to represent the interests of members;

“Communication” - to continue the communication with the IA to reflect members’ interest.

To learn more about the HKCIB, visit www.hkcib.org.

About RIMS 

RIMS, the risk management society®, is a global not-for-profit committed to advancing the practice of risk management throughout the world. We bring networking, professional development, certification, and education opportunities to our membership of 10,000 risk management professionals in over 60 countries. Founded in 1950, the Society represents more than 3,500 industrial, service, nonprofit, charitable, and government entities throughout the world. To access RIMS Risk Knowledge resource library and for additional information about the Society, visit www.RIMS.org.