The Australian and New Zealand Institute of Insurance and Finance has signed a deal with the Pan-Asia Risk and Insurance Management Association to provide a professional designation across the Asia-Pacific region.
ANZIIF and PARIMA will jointly certify individuals as PARIMA ANZIIF – Certified Risk Professionals (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, the organisations said in a statement.
The agreement was signed in Hong Kong last month, with ANZIIF chief executive Prue Willsford and PARIMA chairman Franck Baron in attendance.
PARIMA executive director Stacey Huang said the new education offering will allow risk managers to differentiate themselves as risk professionals.
“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,” Ms Huang said.
Ms Willsford hailed the PA-CRP as a “wonderful opportunity for both ANZIIF and PARIMA”.
“Most importantly, it will provide risk professionals with world-class education and training and a long-sought credible risk designation,” she said.
The PA-CRP is open for registration and the first exam will take place in February 2017.