PRMIA AND THE PRMIA INSTITUTE PROVIDE OVER US$100,000 IN SCHOLARSHIPS AND ACADEMIC GRANTS IN 2006
January 30, 2007 – In 2006, the Professional Risk Managers’ International
Association (PRMIA) and the PRMIA Institute combined to give over US$100,000
worldwide in scholarships and academic grants to students, members in
emerging markets and low income individuals to support their study of
risk management. These grants were provided to allow access to professional
development resources that would not otherwise have been affordable.
“PRMIA and the PRMIA Institute have had a global commitment to serving
members in both advanced and emerging markets,” said David R. Koenig,
Executive Director of PRMIA and President of the PRMIA Institute. “Our
PRM certification is pursued by candidates in over 90 countries. Our professional
development programs and publications are being used in more than 120
countries. The scholarship program is one of the reasons that there has
been such a wide adoption of these programs”
In order to qualify for PRMIA and PRMIA Institute scholarships, members
must have annual incomes of less than US$25,000 and cannot have their
professional development expenses reimbursed by a third party. Scholarships
have been granted to members in 73 countries.
David Millar, PRMIA's Chief Operating Officer said "PRMIA is committed
to improving risk management across the globe and we believe in making
our knowledge and exams available to all, including developing countries.
I would like to thank our contributing membership, our corporate clients
and our sponsors for providing the funding which makes these benefits
possible."
PRMIA provides scholarships to individuals pursuing the PRM certification
program, including assistance with exam fees and preparation materials.
The PRMIA Institute provides scholarships to assist with the purchases
of books and online training programs.
About PRMIA and the PRMIA Institute. PRMIA is the Professional Risk Managers’
International Association. Formed in January of 2002, PRMIA is a higher
standard for risk professionals with more than 60 chapters around the
world and over 35,000 members from more than 170 countries. A Section501(c)(6)
non-profit, member-led association of professionals, PRMIA is dedicated
to
advancing the standards of the profession worldwide through the free exchange
of ideas. PRMIA offers the only globally endorsed Professional Risk Manager
(PRM) certification program, pursued by over 1,800 active candidates from
more than 90 countries.
The PRMIA Institute is setting a higher standard in risk education. It
is a non-profit Section 501(c)(3) corporation formed to serve the academic,
scientific and charitable mission of PRMIA. The PRMIA Institute partners
with leading university programs around the world to develop best-practice
curricula for graduate studies in risk management and financial mathematics
/ engineering, provides classroom and online educational programs for
working professionals, financial support of scholarly work, publications
like the Professional Risk Managers' Handbook and scholarships to support
the study of risk management among lower-income individuals.
You can learn more about both at www.prmia.org.