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ERM Reaches 'Critical Mass'

Sixty-three percent of companies have an integrated risk management program, according to a RIMS survey.

By Anya Khalamayzer, PropertyCasualty360.com | Updated on September 19, 2013

The implementation of enterprise risk management has reached critical mass, shows a new Risk and Insurance Management Society study of more than 1,000 risk professionals.

In RIMS’ last ERM survey, conducted in 2011, ERM had already passed the “tipping point” phenomena, in which a previously rare activity becomes exponentially more common. The tipping point occurs after 15 to 18 percent of a population has caught on to an idea that was once known to only a few forward thinkers.

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