Global Risk Management Institute Logo

CRM Designation

The Canadian Risk Management (CRM) designation is a widely recognized qualification that provides risk managers a foundation of knowledge and skills needed to identify, assess, monitor and limit risks. The CRM is recognized by the Risk and Insurance Management Society (RIMS) and awarded by the Global Risk Management Institute (GRMI). GRMI sets policy for the CRM designation and maintains the records of its credentialed members.

Attaining the CRM designation demonstrates a level of professional commitment, knowledge and skills that employers in both public and private sectors recognize. 

Why earn the CRM Designation?

  • Competitiveness - Formal training gives CRM holders a competitive advantage that employers seek.
  • Credentials - Demonstrates that CRM holders have achieved the knowledge and skills necessary to identify, assess, monitor and limit risks.
  • Recognition – CRM holders stand out among others in a competitive marketplace.
  • Advancement – Improves the ability of CRM holders to achieve their organization's risk management objectives and their career goals.

Eligibility

To earn the CRM designation, candidates must complete the three foundational courses and pass standardized exams for each course (standardized exams are in addition to any exams administered by the university or institution as part of their course curriculum).  The exams evaluate level of knowledge based on the content covered in the required textbooks.  The three standardized CRM exams administered separately by GRMI verify that CRM candidates possess a consistent level of knowledge.  Fanshawe College is pleased to offer the required three foundational CRM courses:

 

  • INSR-6005 Risk Management

This course focuses on an enterprise approach to commercial risk management, including a discussion of global risk management standards and guidelines. Students will explore risk beyond the traditional hazard risk to include financial and strategic risks. Risk identification and analysis tools and techniques will be discussed in detail.

  • INSR-6011 Risk Financing

This course provides an overview of risk financing including how alternatives are examined in regards to all of an organizations risks. Techniques for estimating losses arising from hazard risk are examined. The student will explore the advantages and disadvantages of alternative risk financing techniques for hazard risk such as insurance, reinsurance, captive insurance and contractual risk transfer. Various methods for transferring financial and hazard risks to the capital markets are also discussed, along with how to allocate costs associated with hazard risk within an organization.

  • INSR-6008 Risk Assessment & Treatment

This course provides learners with an understanding of the assessment and treatment techniques for the major categories of risk, including both the traditional and emerging risks faced by all organizations. Students will explore assessment techniques, such as root cause analysis, that can be applied to an organizations risks (hazard, operational, financial and strategic). Students will also compare the benefits of various risk treatment alternatives.

 

The exams will be available at Prometric Testing Centers during four testing windows each year: 

  • January 15 - March 15
  • April 15 - June 15
  • July 15 - September 15
  • October 15 - December 15

 

Each of the two hour CRM standardized exams include multiple choice questions, and 70% is considered a passing score.  Once the student completes the exam, a pass/fail message will appear.  For further details about this designation, please visit: https://www.rims.org/grmi/Pages/Home.aspx

 

Please find dates, times, and fees below:

Course Name & Code Anticipated Term Offerings Course Description
 
Risk Management
INSR-6005
Fall This course focuses on an enterprise approach to commercial risk management, including a discussion of global risk management standards and guidelines. Students will explore risk beyond the traditional hazard risk to include financial and strategic risks. Risk identification and analysis tools and techniques will be discussed in detail.
Risk Assessment & Treatment
INSR-6008
Winter This course provides learners with an understanding of the assessment and treatment techniques for the major categories of risk, including both the traditional and emerging risks faced by all organizations. Students will explore assessment techniques, such as root cause analysis, that can be applied to an organizations risks (hazard, operational, financial and strategic). Students will also compare the benefits of various risk treatment alternatives.
Risk Financing
INSR-6011
Winter This course provides an overview of risk financing including how alternatives are examined in regards to all of an organizations risks. Techniques for estimating losses arising from hazard risk are examined. The student will explore the advantages and disadvantages of alternative risk financing techniques for hazard risk such as insurance, reinsurance, captive insurance and contractual risk transfer. Various methods for transferring financial and hazard risks to the capital markets are also discussed, along with how to allocate costs associated with hazard risk within an organization.

*Please click on any course title to view available course dates for enrollment, campus, cost, and delivery model.