Monthly Archives: September 2014

Enterprise Risk Management & Governance: What’s the added value?

The National Risk Manager Association, during its Annual Conference (#ANRA2014), analyzes the profession of risk managers in terms of good governance.

The “Observatory on the Corporate Risk Manager’s role in Italy”, promoted by ANRA and RiskGovernance – Politecnico di Milano, shows the identikit of the risk manager in Italian companies. He is a man in 87% out of 283 companies analyzed, with an average age of 50 years old and with a university education in Economics (24%) or engineering (16%). 40% of respondents are Chief Risk Officers and in 76% of cases they were recruited internally. Which are the most significant risks for the next 5 years? Those linked to internal processes (14%), credit risk (11%) and concentration (10%)”. Continue reading


FERMA Newsletter 61 (Table of content)

FERMA Newsletter 61 (September 2014)
Download Newsletter 61
September 2014
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Table of Contents


FERMA President’s blog

Welcome to all of the readers of the FERMA Newsletter – I cannot believe that almost a year has passed since our successful Forum in Maastricht!

We have been busy at FERMA working with our associations, their presidents and members. As President of FERMA, I have enjoyed meeting members of associations in France, Malta, Italy, Slovenia, Spain, Sweden, Turkey, UK, and shortly in Switzerland and Poland. I made a promise to meet as many associations as I could and I remain committed to visiting all of them at some stage during my two years. Continue reading


Seminar risk manager numbers high – and rising

With more than one month to go, risk manager registrations for the 2014 FERMA Seminar had already topped 160, more than the previous Seminar held in Versailles in 2012, and more expected over the coming weeks.

The risk managers come from a variety of business sectors including aerospace, telecoms, iron and steel, energy, utilities, power, logistics, IT, financial services and non-profit organisations. The biggest delegations so far are from Airmic, AMRAE, BELRIM, the host country, and NARIM. Continue reading


FERMA’s survey results support risk leaders

The 7th FERMA Risk Management Benchmarking Survey provides evidence that risk managers are becoming risk leaders, says FERMA President Julia Graham, ahead of the FERMA Seminar on 20 and 21 October when the results will be released.
Julia explains, “FERMA has said that risk managers are becoming risk leaders – the survey responses provide evidence to support that view. This seventh edition of the Benchmarking Survey, therefore, also endorses our objective to shape and support risk management as a profession.” Continue reading


FERMA is Forty!

On October 20 in Brussels, FERMA will celebrate its 40th anniversary. In 1974, six European risk management associations came together to give the commercial insurance buyer a voice. They created the Association of European Industrial Insureds (AEAI), which in time transformed itself into the Federation of European Risk Management Associations. Today FERMA represents 22 national associations in 20 countries and more than 4300 individual risk managers.

Risk managers and other risk professionals are invited to join the celebrations at a gala dinner on a risk-related theme. It will be a glittering, black-tie* type occasion with important personalities from the development of FERMA, including its Honorary President François Settembrino and other past presidents, taking part. Continue reading


Seminar master class: radical reforms in the London market

Major changes to London market practice are imminent, with the most radical reforms to English insurance law for over 100 years now under way. It is vital that all European risk managers who insure risks in the London market, or who insure internationally with UK law policies, understand these changes.

A masterclass chaired by Airmic Chief Executive, John Hurrell, will explain the new legal landscape and how the changes will affect buyers’ interactions with the London market and their brokers. Continue reading


More demanding environmental requirements ahead? Seminar roundtable to discuss

The comprehensive review of the Environmental Liability Directive (ELD) that is now underway could lead to a revision of this important legislation early next year with new requirements for companies, possibly including mandatory financial security. This will be the subject of a roundtable discussion at the FERMA Seminar, so that FERMA can fine tune its comments to the Commission on behalf of members. Continue reading


Letter from Brussels

September is a busy time for FERMA with the publication of our first European Risk and Insurance Report and the Seminar approaching closer. We’re also working on the plans for our gala dinner to celebrate our 40th anniversary, which will take place on 20 October at the Seminar, and not forgetting forward planning for the 2015 Risk Management Forum in Venice. It’s a very full calendar. Continue reading


Launch of New Guidance on 8th Company Law

FERMA and the European Confederation of Institutes of Internal Auditing (ECIIA) will launch a new joint guidance document on the risk management provisions of the EU 8th Company Law Directive at the FERMA Seminar on 20 and 21 October.

There will be a dedicated portion of the Seminar press conference on Monday 20 October where senior representatives of FERMA and ECIIA will present the new guidance, and copies will be distributed to Seminar delegates. There will also be an online version available for download from the FERMA and ECIIA websites. Continue reading