Norm Gould

Norm Gould

The program provided a comprehensive course offering that stands up to global scrutiny. PACE has such a wide variety of course options and scheduling that it allowed me to truly personalize my professional development

>> See the profile

Canadian Risk Management Program (CRM)

The Canadian Risk Management designation (CRM) designation is a widely recognized qualification for those seeking to practice risk management.  Employers in a variety of industries both public and private, often identify the designation as a prerequisite for hiring.  The CRM designation is awarded to students who successfully complete the three core courses in Risk Management ( Risk Management Principles & Practices, Risk Assessment & Treatment and Risk Financing) by the Global Risk Management Institute (GRMI), which is a subsidiary of the Risk and Insurance Management Society, Inc. (RIMS).  Students should contact GRMI directly about membership.

Risk Management Principles and Practices:

Topics: Introduction to risk management; Risk management standards and guidelines; Hazard risk; Operational, financial, and strategic risk; Risk management framework and process; Risk identification, analysis, and treatment; Financial statement risk analysis; Capital investment and financial risk; Monitoring and reporting on risk.

Risk Assessment and Treatment:

Topics: Introduction to risk assessment and treatment; Root cause analysis; Business continuity management; Physical property risk; Intellectual property and reputation risk; Legal and regulatory risk; Management liability; Human resource risk; Environmental risk; Crime and cyber risk; Fleet risk.

Risk Financing:

Topics: Introduction to risk financing; Estimating hazard risk; Transferring hazard risk through insurance; Self-insurance plans; Retrospective rating plans; Reinsurance; Captive insurance; Contractual risk transfer; Transferring financial risk; Transferring hazard risk to the capital markets; Allocating costs of managing hazard risk.

Additional Comments


The Canadian Risk Management (CRM) designation is a widely recognized qualification that provides risk managers a foundation of knowledge and skills needed to identify, assess, monitor and limit risks. The CRM is recognized by the Risk and Insurance Management Society (RIMS) and awarded by the Global Risk Management Institute (GRMI). GRMI sets policy for the CRM designation and maintains the records of its credentialed members. Attaining the CRM designation demonstrates a level of professional commitment, knowledge and skills that employers in both public and private sectors recognize.


Starting in 2015, to earn the CRM designation, candidates must complete the three foundational courses and pass standardized exams for each course (standardized exams are in addition to any exams administered by the university or institution as part of their course curriculum).  The exams evaluate level of knowledge based on the content covered in the required textbooks.  The three standardized CRM exams administered separately by GRMI verify that CRM candidates possess a consistent level of knowledge. 

The exams will be available at Prometric Testing Centers during four testing windows each year:  January 15-March 15, April 15-June 15, July 15-September 15 and October 15-December 15.  Each of the two hour CRM standardized exams include multiple choice questions, and 70% is considered a passing score.  Once the student completes the exam, a pass/fail message will appear.

Step 1: Create an online profile here.

Step 2: Enroll in each course at a university or institution:

  1. Risk Management Principles and Practices
  2. Risk Assessment and Treatment
  3. Risk Financing

Step 3: Access CRM registration page (a link will be included on the updated CRM page later this year), select an exam, and pay the $130 (USD) testing and processing fee by credit card.

Step 4: GRMI will issue Prometric testing center  location options and access instructions via email.

Step 5: Candidate enters the access code sent by email from GRMI into the Prometric site selects an exam date, time, and location. 

Candidate needs to carefully review the information contained in the Prometric Confirmation Notice.  If any of the information is incorrect or if the information has changed, they need to contact GRMI at: Testing center schedule changes need to be completed on the Prometric site.           

NOTE – Please allow two weeks to receive the Prometric access code.

Step 6: Once the candidate receives a passing score of 70% on all three exams, they need to mail a transcript grade report from the university or institution to GRMI at 5 Bryant Park, 13th Floor, New York, NY, 10018, U.S.A. 

Step 7: GRMI will issue a CRM designation completion certificate within four weeks.

For more information on attaining the CRM designation, please visit:

Wesley and Buhler Buildings