About the RIMS-CRMP Professional Certification

For over 25 years, Scott Sink has served as senior executive vice president of the Birmingham, Alabama-based McGriff Insurance Services, Inc. In this role, he oversees the company's activities in providing risk management and insurance solutions for some of America's largest electrical and gas utilities. A resident of Birmingham, Alabama, Scott Sink regularly attends the Risk and Insurance Management Society's (RIMS) annual conference.

The Risk and Insurance Management Society offers the Certified Risk Management Professional (CRMP) certificate to individuals in the field of risk and insurance management. Risk management professionals with the RIMS-CRMP certification possess the required knowledge and ethics to thrive in the profession. As such, they are more likely to find employment in senior financial roles in the job market.

Individuals who wish to take the CRMP exam must have earned a bachelor's degree or higher risk management certificate and have at least one year of work experience. Risk management students in the final year of their degree program are also eligible. However, interested applicants with a bachelor's degree in a non-risk management program must possess at least three years of work experience in the profession before they can enroll for the exam.

Furthermore, individuals without a degree must have a minimum of seven years of risk management working experience. After ascertaining that they meet the requirements, applicants can complete the registration form on the RIMS website and apply for the exam, subject to their application's approval. 

Top 100 High School Recruit Brock Bowers Commits to Georgia

An experienced risk management professional based in Birmingham, Alabama, Scott Sink serves electric and gas utility companies through his role as senior executive vice president at McGriff, Seibels & Williams, Inc. Birmingham’s Scott Sink holds a bachelor's degree in risk management and insurance from the University of Georgia and is a fan of the school's football team.

While there may not be a 2020 college football season due to the COVID-19 pandemic, the Georgia Bulldogs are continuing to prepare for the 2021 season. The team's 2021 recruitment class received a significant boost on August 10 as four-star tight end Brock Bowers declared his commitment to Georgia via Twitter. The Napa, California, player was the third-highest ranked tight end in the 2021 recruiting class and the number 92 high school recruit overall, according to 247Sports Composite.

Bowers ultimately chose the Bulldogs after considering schools like Oregon, UCLA, Washington, and Penn State. He had 39 receptions for 1,098 yards and 14 touchdowns as a junior during the 2019-20 varsity season, and is the 12th player to join Georgia's 2021 recruiting class, which is now ranked fifth and 14th in the SEC and NCAA, respectively.

Seven University of Georgia Players Selected in 2020 NFL Draft

The recipient of a bachelor's degree in risk management and insurance from the University of Georgia, Scott Sink provides insurance brokerage and risk management services to electric and gas utility companies through the Birmingham, Alabama-based McGriff, Seibels & Williams, Inc. Scott Sink has been with the Birmingham firm since 1994, and now serves as its senior executive vice president. Beyond his work responsibilities, he enjoys following his alma mater's football team.

The Georgia Bulldogs finished the 2019 season with a win-loss record of 12-2 and defeated Baylor 26-14 in the Sugar Bowl. The individual talent of the team was highlighted at the 2020 NFL Draft, as seven players were selected in the seven-round selection process. This was the second-most players drafted from the Bulldogs in school history - eight Georgia players were drafted in 2002 and 2013.

Offensive tackle Andrew Thomas was the first Georgia player taken in the draft, selected fourth overall by the New York Giants. Isaiah Wilson, who also played offensive tackle at Georgia, was selected 29th overall by the Tennessee Titans. Running back D'Andre Swift was expected to be selected in the first round, but had to wait until early in the second round, at 35th overall, before being picked by the Detroit Lions.

The other Georgia players drafted were offensive guard Solomon Kindley (Miami Dolphins), quarterback Jake Fromm (Buffalo Bills), tight end Charlie Woerner (San Francisco 49ers), and inside linebacker Tae Crowder (Giants), who was the last pick in the draft.

What is ERM and Why is it Beneficial?

For more than 25 years, Scott Sink has served as the senior executive vice president of McGriff, Seibels & Williams, Inc., in Birmingham, Alabama. In this capacity, Scott Sink of Birmingham and his colleagues provide insurance brokerage and risk management services to gas and electric utility companies around the United States.

Due to the inherent volatility of the energy and utility sector, many companies operating in this field can benefit from enterprise-wide risk management (ERM). A comprehensive process, ERM involves identifying, assessing, and preparing for any figurative and physical issues that may negatively impact a business’s operations and, thus, affect its ability to achieve its objectives.

In the past, managing this risk has largely been done by obtaining different types of insurance, such as property insurance and liability insurance. However, ERM plans address a larger number of potential dangers and obstacles than what insurance policies are capable of. This includes supply chain, expansion, and technology obstacles.

Businesses in the utility sector benefit from ERM programs since they ensure that risk mitigation and prevention plans are effective, in addition to increasing awareness of risk events. This knowledge is integrated into the daily operations of management and employees, which allows the plan to help management effectively deal with uncertainty in the market.

About McGriff, Seibels & Williams' Loss Prevention Services

Birmingham resident Scott Sink is an experienced risk solutions executive who has served as a senior executive vice president at McGriff, Seibels & Williams, Inc. for nearly twenty years. As an executive of the Birmingham-based firm, Scott Sink provides risk management and insurance brokerage services to the utility industry.

McGriff, Seibels & Williams is one of the largest insurance brokerage firms in the United States, with eleven locations across the country. The firm, which was founded over one hundred years ago, offers an array of specialized services that include claims management, risk financing, captive feasibility, and loss prevention among others.

The firm's loss prevention services are characterized by sophisticated risk control programs and safety engineering enhancements that help clients avoid costly claims. Risk control programs, which are customized for each client, are distinguished by risk control professionals that provide rapid response and support for major loss situations. Moreover, The firm provides internet safety training to reach large numbers of employees in addition to regulatory compliance assistance at the state and federal levels.

For additional information on loss prevention services at McGriff, Seibels & Williams, visit www.mcgriff.com.

Risk Management - Likelihood

In 1994, Scott Sink of Birmingham, Alabama, started working at McGriff Seibels and Williams, which provides insurance brokerage and risk management services for gas and electric utility companies. As senior executive vice president of the Birmingham-headquartered company, Scott Sink often has to assess the likelihood of things going wrong.

Likelihood is one of two main metrics that risk managers use to determine priorities. Generally, likelihood can be split into three main categories: low, medium, and high.

Risks that belong in the low-likelihood bracket are acceptable and do not need special management. They do not need to be addressed first. Risks that fall into the medium-likelihood category should be monitored, but are unlikely to receive priority status. Risks that have the high-likelihood label need immediate attention and a dedicated risk management plan.

To get the full picture and determine priorities, a risk manager also has to take the impact of each risk into account. That means that risks with significant impact and high probability get the highest-priority status and most extensive management.