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RIMS Risk Management Talent 2025 Report

Risk & Analytics|Talent|Inclusion and Diversity

September 25, 2019

The RIMS Risk Management Talent 2025 Report aims to provide a better understanding of who comprises the profession today and where skills and experience can be strengthened.

Building and maintaining a strong talent supply is a priority for organizations in every sector. This is especially true for risk management, which is experiencing changes in its workforce. Baby boomers, who have long comprised its majority and leadership, are continuing to retire and vacate their roles. While this should be an opportune time for up-and-coming risk professionals and students entering the workforce, organizations are reporting they are experiencing a talent gap. The supply of prepared risk professionals is not meeting the demand.

Risk management professionals must develop an approach and plan for a continually expanding landscape of new challenges to demonstrate their value. Five years from now, these shifts may be complete and those who didn’t at least plan ahead will be left behind. ”

Gloria Brosius

RIMS 2019 President

Assessing this shortage and the ability of the talent within the profession to acquire knowledge and learning agility is critical for the future of the profession. Risk professionals are continually pivoting from traditional practices, rooted in insurance, to strategic and enterprise risk management. Whether this evolution becomes a personal threat or an opportunity depends on how risk management professionals, aspiring risk professionals and executive leadership perceive the value that the practice offers. The information in this report is intended to facilitate an exchange of ideas and knowledge, and to help ensure that any transitions within the profession will be made smoothly.

The RIMS Risk Management Talent 2025 Report offers insight about the future of the profession. RIMS, in alliance with Willis Towers Watson, The Hartford and Chubb, collected more than 1,170 surveys—including 845 from risk professionals—to understand who comprises the profession today, as well as who is projected to do so by 2025. The survey also asked respondents to assess their functions, the importance and impact of diversity and inclusion initiatives, and the effectiveness of educational curriculum. This new data and insight will help organizations identify where skills and experience can be strengthened and position them to build pipelines of talent. 

To read and download the full report, visit the RIMS Risk Management Talent 2025 Report page (account creation/login required).

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