ABOUT THE INSTITUTE...

The Institute of Risk Management was formed through the amalgamation of The Society of Risk Managers (SRM) and The South African Risk and Insurance Manager Association (SARIMA) in September 2003.

Operating from permanent offices in Johannesburg with a full time staff, it is a registered non-profit organisation representing individuals and companies committed to the enhancement of the Risk Management discipline in its widest context - enterprise-wide.
Effective Risk Management integrated across the enterprise was not only mandated in the
King ll report on Corporate Governance but is the cornerstone to building a robust and
successful business strategy, irrespective of the size of the organisation.
The Institute has embodied the essence of this principle in delivery of a range of services including:
professional accreditation of individual members
a forum for discussion of and interaction on current risk issues
a credible platform enabling practitioners to speak on matters affecting the discipline
research and project development
education and training
opportunities for networking and professional development through conferences, briefings and topic focused workshops



The Institute web site offers:
membership information which can be updated online
an electronic reference library of risk related articles and information
an interactive bulletin board
a comprehensive drill down calendar of conferences and events
useful links to other risk related sites, locally and internationally
a service provider directory
access to education and training providers, recommended reading and continuous professional development

ABOUT ENTERPRISE RISK MANAGEMENT...

Enterprise Risk Management (ERM) is a structured and systematic process, interwoven into existing management responsibilities, to effectively deal with uncertainty and associated risk and opportunity
thereby enhancing the organisation's capital and earnings.

ERM expands traditional Risk Management processes of identification, evaluation, control (mitigation/maximisation) and transfer to include not just risks from accidental losses but also financial, strategic, operational and, indeed all risks which could impact upon the performance of the organisation.

With accountability for prudent risk management evaluated against the business objectives of the organisation resting with the Board of Directors, there has been heightened interest in ERM from
industry and government regulators as well as investors.

The Institute has researched and published a comprehensive framework for the effective implementation of ERM which is based on the King ll Report.

This Code of Practice also offers the facility to benchmark - by outlining one hundred principles of enterprise risk management which have international application.
INDIVIDUAL MEMBERSHIP

There are four classes of Membership: Fellow, Associate, Member and Retired depending on the applicant's qualifications, experience and contribution to the field of risk management. Individual members are encouraged to use the following designations in recognition of their
accreditation:
FIRMSA - Fellow of the Institute of Risk Management South Africa
AIRMSA - Associate of the Institute of Risk Management South Africa
MIRMSA – Member of the Institute of Risk Management

Successful applicants receive a Certificate denoting their membership status and are kept up to date on forthcoming events and topical issues by e-mail and use of the IRMSA web site. Members are encouraged to apply for an upgrade when their status has changed.
CORPORATE MEMBERSHIP

Corporate membership offers member organisations a range of facilities which assist in the implementation of enterprise-wide risk management. These include:
networking opportunities for interaction and discussion
liaison contact with other member organisations to share solutions
niche topic focused workshops
briefing forums on topical issues
credible lobby platform
research projects
skills development
continuing professional development

HOW TO OBTAIN MORE INFORMATION

See the main navigation panel alongside for details of our membership fees, accreditation criteria and downloadable applications.

Contact the Institute offices or speak to a member of the IRMSA Executive Committee - click here for details.
The Institute of Risk Management South Africa
Ground Floor, Lobedu House, 3 Simba Road, Sunninghill
P O Box 781437, Sandton, 2146, South Africa
Tel: Int. +27 (11) 234 5898, Fax: 086 647 6191
Email: admin@irmsa.org.za Web: www.irmsa.org.za
NonProfit Organisation Reg No 036-539-NPO