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RIMS launches online tool to advance ERM; Risk managers welcome program but recognize it has limitations.

Publication: Business Insurance
Publication Date: 04-DEC-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: RIMS launches online tool to advance ERM; Risk managers welcome program but recognize it has limitations.(Risk and Insurance Management Society Inc. introduced Risk Maturity Model for enteprise risk management)

Article Excerpt
Byline: DAVE LENCKUS

NEW YORK-Risk managers have a new online tool to help them not only gauge how advanced their enterprise risk management processes are but also to understand how they could be improved.

After cursory reviews of the Risk Maturity Model, unveiled last week by the Risk & Insurance Management Society Inc., several risk managers and consultants said they were eager to use the self-assessment, educational and benchmarking tool.

"I was very happy to see RIMS come out with this and define ERM better,'' said Kevin Hoskinson, director of enterprise risk management solutions at Sun Microsystems Inc. of Broomfield, Colo.

"I think I have a tool in front of me that neither I nor any risk manager can ignore,'' said Joey Page, risk manager for the city of Plano, Texas.

But risk managers and consultants also cautioned that the tool has...

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