It provides education, training, advice, resources and networking to assist people and organisations in issues regarding risk management.

[3] The IIRSM offers several levels of membership, including Student, Affiliate, Associate (AIIRSM), Member (MIIRSM), and Fellow (FIIRSM).

The Fellow is the IIRSM's highest award, and requires five consecutive years at full member (MIIRSM) and proof of participation in CPD.

In order to maintain RSP status, one must bank a minimum of at least 30 credits over the three-year period.

The 30 credits must be spread across the following three sections (each section will require a minimum of 5 points): In 2018, IIRSM held its inaugural Risk Excellence Awards, recognising innovative individuals, teams and organisations responsible for implementing best practice in managing risks and opportunities.