Centre for Applied Risk Management’s unique and industry inclusive approach give way to national recognition

Annette Willemse -- Mon, 11/02/2015 - 11:18

UARM’s unique and industry inclusive approach give way to national recognition

In just more than three years since the inception of the Centre for Applied Risk Management (UARM) - within the Faculty of Economic Sciences and Information Technology on the Vaal Triangle Campus (NWU Vaal), the accolades continues to pour in.  


Mr Henry Cockeran, Prof Hermien Zaaiman and Mr Fred Goede


During the recent Annual Gala Dinner and Awards Ceremony of the Institute of Risk Management South Africa (IRMSA) the Centre received the prestigious IRMSA Industry Initiative Award within the much contested Education Category. The event was hosted at the Gallagher Convention Centre.

The award was accompanied by the following motivation: “The screening of the film Boom Bust Boom to the public as part of the Behavioural Risk Management module within the Centre’s masters programme in Applied Risk Management. This together with UARM’s unique and industry inclusive approach to the teaching of risk management is hereby acknowledged by this award.” Other sector finalists were: Cura, Iso-Q, Transnet, Tsogo Sun, Airports Company South Africa, Aurecon, Exxario, Nedbank, Road Accident Fund, Netcare and Vodacom. 

In reaction to the announcement of the award Prof Theo Kocken of the Vrije Universiteit of Amsterdam – and also a UARM extra-ordinary professor, had the following to say: “The UARM team deserves this recognition because they had the vision to venture into a new direction – one which others do not dare to go yet. This award is proof that behavioural finance should be part of any curriculum, since it pays dividends. Congratulations!” Prof Kocken is also a co-presenter of the masters programme in Applied Risk Management and the producer of the movie Boom Bust Boom.

Annually IRMSA recognises and rewards South Africa’s top risk management professionals who have made a significant contribution and/or the best risk management initiatives within different industries. IRMSA is furthermore the leading source of information and networking opportunities within the Risk Management industry, with members from a wide range of corporations both from the private and public sector.

Professor Hermien Zaaiman, manager of UARM, wishes to thank her team for their commitment and passion towards the discipline. Team members include: Mr Henry Cockeran, Mr Fred Goede and Ms Hedré Pretorius.

* In 2013 IRMSA awarded two Industry Specific Risk Initiative Awards to the Centre. The first award was awarded in the Education Category, followed by the overall Industry Specific Risk Initiative Special Award for Recognition of Exceptional Service.