Parima

What Parima does

PARIMA (Pan-Asia Risk and Insurance Management Association) is a Singapore-incorporated non-profit professional association founded in 2013 to develop risk management as a profession across the Asia Pacific region. It serves risk and insurance professionals—including chief risk officers, insurance managers, and risk teams—working in corporations and insurance firms, and counts more than 100 member companies across 23 countries with a 36-member governing board representing 12 countries.

Its core offering is a membership-based community platform supported by five product lines: PARIMA Membership, masterclasses and regional conferences, the RIMS-CRMP certification delivered in partnership with the Risk Management Society (the only ANSI/ISO 17024:2012-accredited risk management credential), the APAC-specific Risk Competency Framework with an online assessment tool, the Next-Gen Risk Takers speaking challenge for emerging professionals, and a media platform (news, video, and the 'Risk Unfiltered' podcast). Education is delivered in person across Singapore, Mumbai, Taipei, Manila, Hong Kong, Tokyo, Penang, Beijing, Bangkok, and Kuala Lumpur, and virtually via webinars and certification workshops.

The business model combines recurring membership dues, one-time event and certification fees (USD 1,200 for members and USD 1,850 for industry professionals for the certification workshop), and sponsorship revenue from 30+ tier-one industry partners including Zurich, Marsh, Aon, Allianz, AXA XL, Swiss Re, Tokio Marine, and WTW. PARIMA operates as the APAC representative of IFRIMA and is a recognized CPD provider, which underwrites its institutional positioning. The organization is governed by an elected board and led by an Executive Director with a small professional staff.

Name

Parima

Legal name

PARIMA Limited

Website

https://parima.org

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

PARIMA is a Singapore-based non-profit professional association serving risk and insurance management professionals across 23 Asia Pacific countries with membership, certification, conferences, and competency programs.

Ownership category

akta.pro rank

Product category

Professional Association Services

NAICS

Business Support Services (5614)

akta.pro primary industry

Enterprise Risk Management (ERM) (HDADAIAC)

Keywords

• Risk management association
• Insurance management association
• Professional certification programs
• Risk management training
• Professional development events

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Fees: PARIMA generates revenue through membership fees from risk and insurance professionals and their organizations across Asia Pacific.
2. Event Fees: Revenue from conference registrations, masterclass sessions, and regional events. Registration fees vary: USD 1,200 for PARIMA members and USD 1,850 for industry professionals for certification workshops.
3. Certification Programs: Revenue from RIMS-CRMP certification exams and preparatory workshops offered in partnership with RIMS.
4. Sponsorships: Support from industry partners including leading insurance companies who sponsor events and gain visibility among the risk management community.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Parima is a non-profit professional association serving risk and insurance management professionals across Asia Pacific. It delivers paid membership, regional conferences and masterclasses, the RIMS-CRMP certification (in partnership with RIMS), an APAC Risk Competency Framework with assessment tools, the Next-Gen Risk Takers speaking challenge for emerging professionals, and a media content platform.

Product overview

PARIMA is a non-profit professional association offering a unified platform for risk and insurance management professionals in Asia-Pacific. The core offering consists of membership services, professional development events (masterclasses and conferences), RIMS-CRMP certification in partnership with RIMS, a Risk Competency Framework with assessment tools, the Next-Gen Risk Takers Challenge for emerging professionals, and a media content platform. These services are designed to strengthen risk management culture, create educational opportunities, and build a professional community across 23 countries in the Asia-Pacific region.

Differentiator

Problem solved

Functional benefit

Brands

• Next-Gen Risk Takers: A speaking competition and challenge for emerging risk professionals with 3-5 years of experience
• Risk Competency Framework
• RIMS-CRMP Certification

Products and services

• PARIMA Membership Professional association membership providing access to educational resources, networking, certification programs, regional events, and a community of more than 100 member companies across 23 APAC countries.
• PARIMA Events (Masterclasses & Conferences) Educational events including masterclasses, regional conferences, and webinars covering risk management topics such as cyber risk, climate risk, business continuity, and insurance. Held in cities including Singapore, Mumbai, Taipei, Manila, Hong Kong, and Tokyo.
• RIMS-CRMP Certification The RIMS-Certified Risk Management Professional certification, an ANSI-accredited competency-based credential for risk management professionals, delivered in Asia Pacific through Parima in partnership with RIMS. Includes preparatory workshops priced at USD 1,200 for members and USD 1,850 for industry professionals.
• Risk Competency Framework A comprehensive APAC-specific competency model defining behaviors and skills essential for risk professionals at various career stages, accompanied by an online assessment tool.
• Next-Gen Risk Takers Challenge Speaking competition and challenge for emerging risk professionals with 3-5 years of experience, held across multiple Asian cities; winners attend the annual PARIMA conference.

Quantifiable outcome

• Regional reach across 23 countries in Asia Pacific
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

33 partnerships are on record, tiered core, major and minor.

• Zurich Insurance GroupcoreGTM or Marketing PartnerZurich is a leading multi-line insurer serving customers in global and local markets. They partner with PARIMA as part of the association's support from leading insurance and risk management industry players.
• MarshcoreGTM or Marketing PartnerMarsh is a global leader in insurance broking and risk management with approximately 30,000 colleagues in more than 130 countries. Partners with PARIMA for events and thought leadership.
• AoncoreGTM or Marketing PartnerAon is a leading global provider of risk management, insurance brokerage and reinsurance brokerage. Partners with PARIMA for professional development events.
• Allianz Global Corporate & Specialty (AGCS)coreGTM or Marketing PartnerAGCS is the Allianz Group's dedicated carrier for corporate and specialty insurance business, providing insurance across specialty, alternative risk transfer and corporate business.
• AXA XLcoreGTM or Marketing PartnerAXA XL is the P&C and specialty risk division of AXA, known for solving complex risks for mid-sized companies to multinationals.
• Swiss Re Corporate SolutionscoreGTM or Marketing PartnerSwiss Re Corporate Solutions offers innovative, high-quality insurance capacity to mid-sized and large multinational corporations.
• Tokio MarinecoreGTM or Marketing PartnerTokio Marine is Japan's first insurance company with a network spanning 486 cities in 37 countries, committed to conducting business with integrity, passion and quality.
• QBE Insurance GroupcoreGTM or Marketing PartnerQBE is an international general insurance and reinsurance company listed on the Australian Securities Exchange with operations in all key insurance markets.
• WTW (Willis)coreGTM or Marketing PartnerWTW provides data-driven, insight-led solutions in people, risk and capital with colleagues serving 140 countries and markets.
• SCORcoreGTM or Marketing PartnerSCOR is a leading global independent reinsurer with strong financial ratings and a commitment to innovation, delivering commercial and specialty reinsurance solutions.
• International SOScoreGTM or Marketing PartnerInternational SOS is the world's leading medical and travel security risk services company with over 11,000 employees including 1,400 doctors and 200 security specialists.
• AIAcoreGTM or Marketing PartnerAIA is the largest independent publicly listed pan-Asian life insurance group with presence in 18 markets across the Asia-Pacific region.
• AIGcoreGTM or Marketing PartnerAIG operates in approximately 80 countries and jurisdictions, offering general insurance products through a diversified, multichannel distribution network.
• Sompo InternationalmajorGTM or Marketing PartnerSompo is driven by core values and commitment to creating collaborative, productive and long-lasting relationships, offering diversified mix of 30 products and services globally.
• ICICI LombardmajorGTM or Marketing PartnerICICI Lombard is the leading private general insurance company in India offering comprehensive products through multiple distribution channels.
• MSIGmajorGTM or Marketing PartnerMSIG is a wholly owned subsidiary of Mitsui Sumitomo Insurance Co. Ltd. and member of MS&AD Insurance Group Holdings, a top non-life insurance group in ASEAN.
• SedgwickmajorGTM or Marketing PartnerSedgwick is a leading global provider of claims management, loss adjusting and technology-enabled business solutions with over 33,000 colleagues across 80 countries.
• FM GlobalmajorGTM or Marketing PartnerFM Global is a mutual insurance company dedicated to property risk management and resilience of client-owners, with nearly 200 years of experience.
• HDI Global SEmajorGTM or Marketing PartnerHDI is part of Talanx Group and has been one of the leading insurers offering needs-based insurance solutions for decades, operating in more than 130 countries.
• HowdenmajorGTM or Marketing PartnerHowden is a leading global insurance intermediary group with employee ownership, operating in 55 countries with 19,000 people and managing premiums of USD 42 billion.
• BeazleymajorGTM or Marketing PartnerBeazley is a global specialist insurer enabling clients to explore new ventures, create innovative solutions and build a stronger tomorrow.
• EverestmajorGTM or Marketing PartnerEverest is a global underwriting leader providing protection with customized risk solutions, offering comprehensive range of bespoke solutions for key local sectors.
• Bajaj General InsurancemajorGTM or Marketing PartnerBajaj General Insurance is one of India's leading private general insurance companies, a subsidiary of Bajaj Finserv Limited.
• SBI General InsurancemajorGTM or Marketing PartnerSBI General Insurance is one of India's fastest-growing private General Insurance firms backed by SBI, with presence in 169 branches and over 9,000 employees.
• Fenchurch LawminorGTM or Marketing PartnerFenchurch Law is an award-winning international law firm dedicated to serving policyholders in insurance coverage disputes, with Singapore office for APAC region.
• Descartes UnderwritingminorGTM or Marketing PartnerDescartes offers a new generation of parametric insurance building resilience against climate risks through data-driven approach.
• Diot-Siaci AsiaminorGTM or Marketing PartnerDiot-Siaci Asia is a branch of leading European insurance broker Diot-Siaci, providing advisory and placement solutions with access to 2000+ products from 27 insurers.
• Prudent Insurance BrokersminorGTM or Marketing PartnerPrudent Insurance Brokers is a leading international insurance brokerage firm headquartered in Mumbai, India, with global reach extending to over 120 countries.
• BrokerslinkminorGTM or Marketing PartnerBrokerslink is one of the world's largest global broking companies present in over 90 countries, managing US$20 billion in annual premium.
• BelforminorGTM or Marketing PartnerBELFOR is the world's largest disaster recovery service provider with over 7,000 employees spread across 28 countries and 300+ branches.
• JB Boda GroupminorGTM or Marketing PartnerJB Boda is the oldest and leading Indian insurance broker with over 8 decades of legacy, operating 30+ offices in India and 11 overseas offices.
• Labuan IBFCminorGTM or Marketing PartnerLabuan International Business and Financial Centre is a well-regulated jurisdiction established by Malaysian government in 1990, home to 880+ licensed institutions.
• RIMS (Risk Management Society)coreStrategic or Co-development PartnerPARIMA has partnered with RIMS to offer the RIMS-Certified Risk Management Professional (RIMS-CRMP) certification in Asia. RIMS empowers risk professionals with networking, professional development, certification, and advocacy.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• ANZIIF (Australian and New Zealand Institute of Insurance and Finance): Professional body for insurance and finance practitioners in Australia and New Zealand, offering CIP and other designations. Overlaps with PARIMA's risk and insurance member base across the ANZ region.
• Airmic: UK-based association for risk and insurance managers, offering CRO Forum, qualifications, and annual conference. Operates the same member-driven risk professional model in a single mature European market.
• RMA (Risk Management Association, US): US-based membership association serving the financial-services risk community with training, events, and benchmarking. Adjacent professional association model focused on credit, operational, and enterprise risk practitioners.
• Singapore Insurance Institute (SII): Singapore-based insurance professional body delivering CPD and qualifications for the local market. Competes for member mindshare and corporate training budgets in PARIMA's home market.
• Insurance Institute of India: Indian professional body for insurance education, examinations, and certification. Competes for the same corporate risk and insurance audience in one of PARIMA's largest APAC markets.

Broad incumbents

• The Institutes (Risk and Insurance Knowledge Group): US-based provider of risk and insurance designations (e.g., CPCU, ARM) and education. Larger incumbent offering competing professional credentials for the same enterprise risk practitioner audience.
• IFRIMA (International Federation of Risk and Insurance Management Associations): Global umbrella federation of which PARIMA is the APAC representative. Operates at a higher aggregation layer connecting 20+ regional and national risk associations across continents.

Peers

• Chartered Insurance Institute (CII): UK-based professional body awarding insurance and risk qualifications such as Cert CII and Diploma. Comparable member-driven, qualification-centric model with global recognition in insurance and risk education.

Direct peers

• RIMS (Risk Management Society): Global risk management professional association and creator of the RIMS-CRMP certification that PARIMA delivers in APAC. Directly comparable mission around advancing the risk profession through education, certification, and advocacy.
• FERMA (Federation of European Risk Management Associations): European umbrella federation of national risk management associations and RIMAP certification owner. Closest functional peer to PARIMA in another region, operating an analogous national-association federation model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/parima
• Xx.com/PARIMAorg
• Facebookfacebook.com/PARIMAorg

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parima