New York - The Risk and Insurance Management Society (RIMS) and LogicManager today released RIMS State of ERM Report 2008. The report substantiates the value of ERM for organizations of all types. It also indicates that companies that have greater risk management and ERM maturity levels enjoy higher credit ratings.

The study is based on data collected from 564 corporate risk practitioners who assessed their risk management strategy by comparing their organizations' activities against 68 guidelines presented in RIMS Risk Maturity Model for ERM (RMM). The study was conducted from December 2006 to January 2008 and the findings evaluated by members of RIMS ERM Development Committee who are risk management experts and thought leaders in the ERM arena. In addition to key findings, RIMS State of ERM Report 2008 outlines priorities for best practice criteria that organizations may use to improve ERM competency.

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