Risk management association attributes growth to its 22 board members

parima infographic

The Pan-Asia Risk and Insurance Management Association (Parima) has announced that its membership base has exceeded the 1,000 mark.

The association reached the milestone in the first quarter of 2017 and now has members from 41 countries, including 20 in Asia-Pacific.

Singapore, the Philippines and Hong Kong are the most well represented countries, with the Philippines, Malaysia, Japan and Thailand having the fastest membership growth.

Parima executive director Stacey Huang said: “We continue to look for opportunities to bring the risk community together and maintain ourselves as a not-for-profit association created by risk managers for risk managers.

“We are looking forward to [seeing] Parima reaching our common goal to function as a key player in the industry and help cultivate the risk maturity and strengthen the standards and profession in Asia Pacific.”

Parima members represent 643 companies across different industries with 25% of them from financial institutions.

“We see the growth of our members as an indication of the rising awareness and professionalism of risk managers,” Huang said.

“As a region, we have APAC specific risks such as natural catastrophe, our own geo-political tensions and regulatory pressures. We are also being exposed to new and emerging risks such as cyber, digital, automation and robotics.

“Risk managers have an important task to help steer and navigate their companies through this, building their resiliency to overcoming potential disruptions.”

Parima will hold its next regional conference in Manila, Philippines on 28 March 2017.