Our story

For over 30 years the Institute of Risk Management (IRM) has been working at the forefront of risk management, this is our story:

The Institute of Risk Management (IRM) was founded in April 1986 as an awarding organisation to meet the growing demand for a diploma-level qualification in risk management.


IRM Origins


IRM Memorandum of Association

Led by AIRMIC (The Association of Insurance and Risk Managers), support for the wider role of the IRM came from the Royal Society, the Geneva Association, the UK Departments of Education and Science, and Trade and Industry, the UK Health and Safety Executive, Glasgow Caledonian University and a host of other businesses and organisations.

The International Certificate in Enterprise Risk Management, which complements and serves as an introductory step towards the existing Diploma, was launched in 2005; this was followed in 2011 by the International Certificate in Financial Services Risk Management.


IRM Launch 1987 Document


IRM Launch 1987
Chairmans Address

We now deliver general and specialist training courses, events, Enterprise Risk magazine and a variety of other resources to underpin the development of risk professionals across the world.

We also support a thriving community of Regional and Special Interest Groups in the UK and overseas.


IRM Draft Prospectus


Early IRM Brochure

Over 25% of our members and students now come from outside of the UK, with a growing membership in the GCC countries and sub-Saharan Africa.

In 2017, at the culmination of our 30th-anniversary celebrations, we published the Risk Agenda 2025, a piece of research conducted globally that offers insight into the way that the risk profession may develop over the next several years and which will help to shape our strategy during the course of those years.


Early IRM Brochure