AIRMIC (Association of Insurance and Risk Managers) members are expected to approve a new Mission Statement and set of strategic aims at the association's Annual General Meeting (AGM) tomorrow.
The association has announced that it intends to change its strategic direction in order to emphasise the need for optimum business risk management.
The Mission Statement to be voted on would be a change from "raising the standards and profile of risk management" to "to develop excellence in business risk management and support the effective use of insurance".
AIRMIC executive director David Gamble commented on the proposed change: "Business Risk Management is the term used by the Cabinet Office in its `Managing Business Risk in Government' initiative. We believe this phrase now accurately reflects the professional discipline and the role of risk management in today's commercial world.
"World events this year and our members' long and extensive experience in managing risk has also highlighted the importance of insurance as a risk management tool - if it can be used effectively and efficiently."
AIRMIC chairman David Ireland added: "I see the thrust being for risk managers to aspire to excellence in all they do. To this end I believe the new Mission Statement and the association's aims and objectives are our starting point and AIRMIC should position itself as a `Centre of Excellence' for business risk management and insurance management."
If the proposals are passed tomorrow, it is thought AIRMIC's modified direction will manifest itself in the production of a series of best practice guides on aspects of business risk management and the development of core competencies in business risk and insurance management.
Membership skills training, research initiatives and improved information exchange and networking are also likely to be promoted on the AIRMIC agenda in future.
The AGM will take place at the AIRMIC conference in Birmingham.
