The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Pan-Asia Risk and Insurance Management Association (PARIMA) have announced the signing of a new partnership agreement to provide risk professionals across the Asia-Pacific region with a professional designation and ongoing professional education.
The agreement was signed in Hong Kong this month with ANZIIF CEO Prue Willsford and PARIMA Chairman Franck Baron in attendance and marks the introduction of a new designation for risk professionals in the region, PARIMA ANZIIF – Certified Risk Professionals (PA-CRP).
As risk managers have become more prominent over the years, ANZIIF and PARIMA believe that an established certification should be available to demonstrate the professionalism and legitimacy of risk professionals in the business world.
ANZIIF and PARIMA will jointly certify individuals as PA-CRP based on underlying qualifications and the successful completion of a 2.5 hour examination comprising of five risk management education modules. Modules will cover topics on integrated risk management, operational risk management, risk treatment and financing practices and risk management frameworks and documentation.
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“The new education offering will allow risk managers to differentiate themselves as risk professionals,” said Stacey Huang, PARIMA’s Executive Director. “By attaining PA-CRP, they have demonstrated that they have knowledge and expertise in risk management, and that they are dedicated to upholding high standards of ethical and professional conduct that the profession rightly requires.”
“We are thrilled to enter into partnership with PARIMA. This is a wonderful opportunity for both ANZIIF and PARIMA but, most importantly, it will provide risk professionals with world-class education and training and a long-sought credible risk designation,” said Willsford.
The PA-CRP is open for registrations via http://www.parima.org/certification/, with the first examinations to occur in February next year.