Risk And Insurance Management Association Of Singapore (rimas)

What Risk And Insurance Management Association Of Singapore (rimas) does

RIMAS (Risk and Insurance Management Association of Singapore) is a non-profit professional association founded in 1988 and headquartered at 320 Serangoon Road, #13-05 Centrium Square, Singapore. Its stated mission is to advance the discipline and practice of risk management, serving risk management professionals, insurers, and related practitioners across industries in Singapore and select international markets. The association is the official Lead Organisation for driving adoption of Singapore Standard ISO/IEC 42001:2024 AI Management System, positioning RIMAS in the regulatory and standards-adoption layer of the AI governance ecosystem rather than as a product vendor. Governance is via an elected Governing Council (newly elected for 2026-2028), with no parent company, external investors, or commercial equity holders; the entity is member-driven.

RIMAS's product portfolio centres on professional certification, education, and community curation. Core offerings include the Enterprise Risk Manager Certification, a Professional Certificate in Enterprise Risk Management delivered in partnership with United Seas College (covering ISO 31010, ISO 31073, ISO 22301, ISSB IFRS S1 & S2, ISO/IEC 27001, ISO/IEC 42001, and ISO/IEC 38505-1 standards), and a curated network of 24 Expert Chapters spanning domains from Cybersecurity and AI Risk to Healthcare Risk, ESG Risk, and Crypto Finance Risk. The association operates 5 international Country Chapters (Thailand, Germany, India, Nigeria, New Zealand), publishes the book 'Everyone is a Risk Manager: An Enterprise Risk Management Playbook' (World Scientific), runs the Gen AI for PRM Workshop, and hosts flagship events including the Asia Risk & Resilience Conference and the inaugural Whole-of-Government workshop co-led with IMDA in November 2025.

RIMAS's revenue model is membership-fee-driven supplemented by workshop and certification fees. Pricing is not publicly disclosed, but Professional Certificate workshops offered through United Seas College carry fee subsidies of up to 90% for eligible participants, indicating a partially subsidised training model. Distribution is direct to individual professionals and through academic, government, and corporate partners (SMU, SUSS, NUS, IMDA, Marsh McLennan, FMGlobal, iFRIMA). The association is PDPA-compliant (policy updated 31 December 2023), maintains a LinkedIn presence, and has no disclosed headcount, revenue figures, or external funding rounds.

Name

Risk And Insurance Management Association Of Singapore (rimas)

Legal name

Risk and Insurance Management Association of Singapore

Website

https://rimas.org.sg

Company type

Private

Founded year

1988

Operating status

Operating

Short description

RIMAS is a Singapore non-profit founded in 1988 advancing risk management practice through certification, training, 24 expert risk chapters, and 5 international country chapters. It serves as Lead Organisation for Singapore Standard ISO/IEC 42001:2024 AI Management System adoption.

Ownership category

akta.pro rank

Product category

Professional Association Services

NAICS

Professional, Scientific, and Technical Services (541), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Compliance Technology, GRC Platforms & Controls Automation Advisory (BPAHAFAO)

akta.pro secondary industries

Risk Management (ERM), Operational Risk & Business Continuity (BPAEAPAJ), Third-Party Risk, Vendor Due Diligence & Supply Chain Compliance (BPAEAPAG), IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK), Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies) (HDAEANAE)

Keywords

• Risk management association
• Professional certification
• Enterprise risk management
• AI governance standards
• Membership organization

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: RIMAS generates revenue through membership fees, providing professional development, networking, and resources for risk management professionals.
2. Workshop and Training Programs: Revenue from professional certificate programs including Enterprise Risk Management courses offered in partnership with United Seas College, covering topics like Risk Assessment Techniques, Enterprise Crisis Management, Regulatory Compliance and ESG Risk, Cybersecurity and AI Risk, and Data Analytics.
3. Certification Programs: Enterprise Risk Manager Certification recognizing professional skills, experience and knowledge in Enterprise Risk Management.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

RIMAS is a non-profit professional association that advances the discipline and practice of risk management through membership services, the Enterprise Risk Manager Certification, Professional Certificate in Enterprise Risk Management programs (delivered with United Seas College), and expert chapters covering 24 specialized risk domains. The organization serves as the Lead Organisation for driving adoption of Singapore Standard ISO/IEC 42001:2024 AI Management System across Singapore and runs 4 international country chapters in Thailand, Germany, India, Nigeria, and New Zealand.

Product overview

RIMAS is a non-profit association founded in 1988, serving as the Lead Organisation for driving adoption of Singapore Standard ISO/IEC 42001:2024 AI Management System across Singapore. The organization offers a portfolio of products including Enterprise Risk Manager Certification, Professional Certificate programs in partnership with United Seas College, and operates 24 Expert Risk Chapters covering domains from AI Risk to Healthcare Risk to Crypto Finance Risk. RIMAS also provides Knowledge resources, workshops, and publishes the book 'Everyone is a Risk Manager'. Through its global chapter network (Thailand, Germany, India, Nigeria, New Zealand) and workshops like Gen AI for PRM, RIMAS advances risk management discipline across industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Enterprise Risk Manager Certification Recognition of professional skills, experience, and knowledge in Enterprise Risk Management, targeted at practicing risk professionals seeking formal credentials.
• Professional Certificate in Enterprise Risk Management Short-course series delivered in partnership with United Seas College covering Risk Assessment Techniques (ISO 31010, ISO 31073), Enterprise Crisis Management (ISO 22301), Regulatory Compliance and ESG Risk (ISSB IFRS S1 & S2), Cybersecurity and AI Risk (ISO/IEC 27001, ISO/IEC 42001), and Data and Analytics (ISO/IEC 38505-1). Eligible participants may receive up to 90% fee subsidy.
• Singapore Standard ISO/IEC 42001:2024 AI Management System Adoption Program Singapore adoption program for the international standard providing requirements and guidance for creating, implementing, maintaining, and continually improving an AI management system within organizations that develop, deliver, or use AI-enabled products and services. RIMAS leads adoption efforts across Singapore.
• Gen AI for PRM Workshop Workshop on Generative AI for Program and Product/Service Risk Management conducted in conjunction with United Sea College for risk professionals.
• Book - Everyone is a Risk Manager 230-page published book titled 'Everyone is a Risk Manager: An Enterprise Risk Management Playbook', released via World Scientific as part of the RIMAS book series.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature1 record

Partnerships

18 partnerships are on record, tiered core and minor.

• iFRIMA (International Federation of Risk and Insurance Management Associations)coreStrategic or Co-development PartnerInternational federation partner providing global network and collaboration opportunities for risk and insurance management professionals.
• Asia Insurance ReviewcoreStrategic or Co-development PartnerMedia partner providing industry coverage and visibility for RIMAS activities and events.
• FMGlobalminorStrategic or Co-development PartnerProperty insurance firm partnering with RIMAS for risk management industry initiatives.
• Strategic Risk Asia-PacificminorStrategic or Co-development PartnerIndustry publication partner for risk management content and visibility.
• FilersKeepersminorStrategic or Co-development PartnerCompliance and document management partner.
• Marsh McLennancoreStrategic or Co-development PartnerProfessional services firm specializing in risk, strategy, and people consulting, partnering on industry initiatives.
• Singapore Management University (SMU)coreStrategic or Co-development PartnerAcademic partner providing research collaboration and educational programs in risk management.
• Singapore University of Social Sciences (SUSS)coreStrategic or Co-development PartnerAcademic partner for professional development and risk management education.
• Asia Institute for Development (AIDF) - NUSminorStrategic or Co-development PartnerResearch institute partner focusing on development and risk topics.
• World ScientificminorStrategic or Co-development PartnerAcademic publisher partner including RIMAS book series publication - 'Everyone is a Risk Manager: An Enterprise Risk Management Playbook'.
• ECCUminorStrategic or Co-development PartnerPartner organization in risk management education.
• ARIMIcoreStrategic or Co-development PartnerRegional Alliance of Risk Management professionals and institutions.
• Institute of Business Excellence (IBS) - UNiversity of Business & TechnologyminorStrategic or Co-development PartnerAcademic partner for business excellence and risk management research.
• Infinity ContinuityminorStrategic or Co-development PartnerBusiness continuity partner.
• NAVminorGTM or Marketing PartnerStartup and SME partner for entrepreneurship ecosystem engagement.
• NUS Entrepreneurship Society (NES)minorGTM or Marketing PartnerStartup ecosystem partner connecting RIMAS with entrepreneurial risk management opportunities.
• United Seas College (USC)coreStrategic or Co-development PartnerKey education partner for Professional Certificate programs in Enterprise Risk Management, offering up to 90% fee subsidies for eligible participants. Programs cover ISO 31010, ISO 31073, ISO 22301, ISSB IFRS S1 & S2, ISO/IEC 27001, ISO/IEC 42001, and ISO/IEC 38505-1 standards.
• IMDA (Infocomm Media Development Authority)coreStrategic or Co-development PartnerGovernment partner co-leading the Whole-of-Government workshop for Singapore Standard ISO/IEC 42001:2024 AI Management System.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• RIMS (Risk and Insurance Management Society): RIMS is the US-based professional association for risk managers, offering the RIMS-Certified Risk Professional (RIMS-CRMP) credential, member education, conferences, and chapter-based community engagement — directly analogous to RIMAS's membership, certification and chapter model in Singapore.
• IRM (Institute of Risk Management): IRM is a UK-headquartered global body for risk professionals, offering the International Diploma in Risk Management and a worldwide network of members and partners — closely comparable to RIMAS as a non-profit standards-based risk management association.
• FERMA (Federation of European Risk Management Associations): FERMA is the federation of European national risk management associations, representing risk professionals at EU policy level and running the European Risk Management Seminar — analogous to RIMAS's regional aggregation and policy engagement role, but for Europe.
• GARP (Global Association of Risk Professionals): GARP administers the globally recognised FRM and SCR certifications for financial and operational risk professionals, with a member-based global community — comparable to RIMAS in providing standardised risk credentials and member-driven education.
• ARIMI (Alliance of Risk Management Institutes): ARIMI is listed as a core RIMAS partner and is described as a regional alliance of risk management professionals and institutions — directly comparable as a peer association operating in the Asian risk management community alongside RIMAS.
• Airmic: Airmic is the UK association for risk and insurance managers, providing member education, certification pathways and policy advocacy — directly comparable to RIMAS's UK-style member services and risk chapter model.
• PRMIA (Professional Risk Managers' International Association): PRMIA provides the Professional Risk Manager (PRM) designation and global training programs for risk practitioners in finance and enterprise risk — directly comparable to RIMAS's Enterprise Risk Manager certification and ISO-aligned curriculum.

Broad incumbents

• ISACA: ISACA is a global professional association offering CISA, CISM, CGEIT and CRISC certifications spanning IT governance, risk and compliance, with worldwide chapters — overlapping with RIMAS's IT Risk, Cybersecurity and AI Risk chapters but operating at significantly larger global scale.
• The IIA (Institute of Internal Auditors): The IIA is the global professional association for internal auditors offering the CIA certification and global chapters — overlapping with RIMAS's risk management mission but covering a broader governance, risk and control remit at much larger global scale.

Emerging players

• IAPP (International Association of Privacy Professionals): IAPP is the largest global privacy and data protection professional association offering CIPP, CIPM and CIPT certifications — adjacent to RIMAS's Cybersecurity and AI Risk chapters, with comparable standards-based certification and chapter-driven community model.

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rimas-org-sg

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Risk And Insurance Management Association Of Singapore (rimas)