The new Risk Managers Group from AGERS, created in order to analyze the possible situations in which catastrophic claims occur, has organized its first working session last Monday, September 23, to develop the conclusions of the second Manual of this Association, “Natural Disasters”.
The findings of this new working group (WG) will be published next May in the book “Natural Disasters” during the XXVI Spanish Congress of Risk Management and Insurance. Continue reading
For more than 35 years, the independent CRESTA initiative has dedicated itself to devising a universal standard for accumulation control of natural catastrophe risks. In 2013, the previous standard underwent a comprehensive reform, and many new countries and functions were added to the online platform, Cresta.org. Continue reading
The Federation of European Risk Management Associations (FERMA) has told the European Commission that any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for company insurance buyers. Continue reading
FERMA Risk Management Seminar 2012 Presentations – “Pre-Seminar Debate: The Evolution of Natural Catastrophe Coverage in Europe and France” Continue reading
Florence Bindelle, Executive Manager
The way that EU regulations develop from proposals or green papers into directives some years later is far from transparent and can be very messy. Knowing how to represent the views of risk managers in the right place and at the right time is something that FERMA takes very seriously.
The measures put forward by the EU and its various institutions have an enormous and wide ranging impact on our working lives. Current projects FERMA is monitoring include natural catastrophes, environmental pollution, Solvency II and captives, broker remuneration and the Insurance Medication Directive II, co-insurance and data protection. We are also an official sponsor of the healthy workplaces campaign Working together for risk prevention coordinated by the European Agency for Health and Safety at Work (EU-OHSA).
These are projects which continue to develop, but have been underway for some time. Our aim now is to help our members understand better how EU institutions work. Next year, we’ll be announcing some new ideas, possibly in connection with the general assembly in June.
We ask for our members’ concerns about European matters, primarily through the monthly presidents’ call between FERMA President Jorge Luzzi, and the heads of the national associations. We are also steadily increasing our contacts with EU institutions to raise awareness of FERMA positions, and we join forces with other European associations with similar interests to increase the weight of our views.
We may not make the process of EU law making any tidier but it should be clearer, so the members will be empowered to get their views known where they count.
This coming year is likely to see the European Commission narrowing its focus to concentrate on measures that it wants to see adopted by the end of its term in mid-2014. Here is a short status report on projects of most interest to FERMAQ members. For more information on EU legislation or FERMA’s activities with European institutions, contact executive manager Florence Bindelle at email@example.com Continue reading
The sun has now been sleeping for nearly two years, but it is about to wake and it will not be good tempered. Solar activity usually follows an 11 year cycle, rising to a peak, dropping down and then building up to its maximum. The last period of such activity was recorded in 2001and the next is expected in 2013. Continue reading
FERMA national associations have until 31 May to comment on the European Commission report Natural catastrophes: Risk relevance and insurance coverage in the EU. The aim is to consider the most appropriate balance between preparation, insurance and post-event government intervention in dealing with disasters. This report is the result of an in-depth examination by the European Commission of national insurance schemes and contributions from stakeholders, insurance experts and academics to a conference organised by the Directorate of Internal Market and Services in November 2011. The present exercise covers flood, storm, earthquake and drought. Continue reading