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FERMA Risk Management Forum 2015
Venice, 4-7 October 2015
See FERMA Forum 2015
FERMA Risk Management Seminar 2014
20 & 21 October 2014 in Brussels, Belgium
See FERMA Seminar 2014
FERMA is dedicated to assisting the development of risk management education through Universities, Business Schools, Colleges and Institutes. It sponsors students to attend its Forum and seminars.
FERMA Professional Development Initiative sponsored by Lloyd's With the aim to support FERMA with its Professional Development Initiative, Lloyd's hosts and sponsors a development programme for talented risk managers with 3 to 5 years of experience. Read more..
Students at the FERMA Forum 2013 Risk Management Education is one of the main concerns of FERMA. The invitation of students to its Forums offers them the possibility to attend a major Risk Management congress in Europe, to improve their knowledge and allows them to discuss and exchange views, not only with practitioners, risk and insurance managers, but also with numerous service providers. Read more..
FERMA Corporate Brochure
"A European vision of Risk Management". Read more..
Access FERMA Annual "Report of the President". Read more..
FERMA launches a benchmarking survey of risk management practices across Europe every two years across its members. Read more..
ECIIA - FERMA guidance
Guidance on the 8th EU Company Law Directive (article 41). Read more..
Access our latest or previous newsletters, online or in pdf format. Read more..
FERMA maintains its contacts with the various European Business Associations and contributes with its views and concerns to the European Commission developments.
Below are our latest posts and news about European Topics.A duty of care
FERMA proposes to publish a white paper providing the European risk managers’ perspective on the management of safety, health and security risks for work-related international travel and assignments. The paper, which would be prepared in
cooperation with the International SOS Foundation and the EU Occupation Safety and Health Agency (EU-OHSA) will provide
information and guidance on organisations’ duty of care for their workers on cross-border assignments.
Duty of care is the moral and legal responsibility of organisations to their workers, contractors, volunteers and others such as family members, especially when they are on international assignments or in remote areas of their own country. Businesses need to manage those responsibilities and ensure the health and safety of those workers through a proper travel risk management policy. Continue reading
Because insurance is a global industry, the Solvency II regime (entering into force on 1 January 2016) includes some provisions regarding the recognition of third country jurisdictions as offering an equivalent level of supervision. For FERMA, an equivalence decision means an easier access to insurance capacities.
The process leading to the Solvency II equivalence of the insurance supervisory system of a third country jurisdiction is conducted by the European Commission in cooperation with EIOPA, the European insurance supervisor. Continue reading
French and British initiatives are taking the role of insurance for cyber risks into account in their national strategy for cybersecurity.
In June 2014, the UK Government launched a joint initiative with some major British insurers to increase the level of IT security in UK companies. Called the Cyber Essentials scheme, it is based on certificates and will ensure that certified organisations have a certain amount of security measures in place. Cyber Essentials has been developed in close consultation with the insurance industry and is backed by AIG, Marsh, Swiss Re, the British Insurance Brokers’ Association (BIBA) and the International Underwriting Association (IUA). Continue reading
The Delegated Act for the Solvency II Directive was finally published on 17 January 2015 on the EU Official Journal.
The definition and simplifications for the calculation of provisions for captives have remained constantly the same since the versions of July and October 2014; they are treated in the articles 89, 90, 103, 105 and 106 of the new Delegated Act. Eligible captives are still limited to the type of captives which do not have compulsory third party liability business and which provide cover only to undertakings belonging to the group.