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certification resources
New RIMS Study Links ERM to Higher Credit Ratings
November 20, 2008 12:49 PM
On November 19, 2008, the Risk & Insurance Management Society (RIMS) released a study it conducted on enterprise risk management (ERM). The study links ERM to better business performance. In particular, RIMS asserts there is a distinct correlation between companies that score higher on RIMS Risk Maturity assessment and companies that possess higher credit ratings. The same is true of low scoring companies that, typically, possess lower credit ratings. Hence, better managed companies in terms of ERM practices benefit from better business performance.
To access the study, click here.