The Federation of European Risk Management Associations (FERMA) tomorrow (17 April) launches its 2012 FERMA Benchmarking Survey, the most extensive research on risk management and risk managers in Europe and their views of the insurance market. This is the sixth FERMA Benchmarking Survey. It has taken place in cooperation with AXA Corporate Solutions and Ernst & Young in alternating years since 2000. In 2012, the partners’ aim is to surpass the record 782 responses in 2010 so that the results are ever more representative of the views of European risk professionals. Each of the 22 FERMA members has a survey coordinator to develop participation from their national association. Continue reading →

The Federation of European Risk Management Associations (FERMA) welcomes a new member this week: the Luxembourg risk management association, Professionals in Risk Management (PRiM). This brings FERMA’s total membership to 22 associations from 20 countries. Continue reading →

The enlargement of FERMA thanks to PRiM’s membership has resulted in an increase in the size of the FERMA board from 10 to 11. Alessandro De Felice, Risk Manager of Prysmian, previously a substitute, will now be a full member of the board. Continue reading →

The Government of Belgium has appointed Marie Gemma Dequae, scientific advisor to the Federation of European Risk Management Associations (FERMA) and a past president of the federation, as an independent director of Dexia Bank Belgium and its subsidiary Dexia Insurance Belgium. Continue reading →

Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a simple survey by FERMA has confirmed. Only 14 percent of the risk managers who responded to the online poll on supply chain risks felt that existing coverage and capacity were adequate, and just half said they insured against contingent or non-damage business interruption. Continue reading →

Implementing the 8th EU Company Law Directive Article 41 – 2b for Senior Management: Questions and Answers for Executive Committees. Continue reading →

Leading players in the London market are coming together with a view to producing the first jointly owned compliance database for global insurance programmes. The database will provide details of regulations on a territory-by-territory basis. The first big step toward this goal took place today when Airmic issued a Request for Proposal for a Database of International Insurance Requirements (DIIR)) to potential service providers. Continue reading →

The Federation of European Risk Management Associations (FERMA) has sent specific recommendations to the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market capacity and security in the interest of business and insurance buyers. FERMA’s action follows an offer from SUSEP to open discussion with critics of the regulations which went into effect earlier this year. Continue reading →

Social media and the potential they pose to reputation risk and protection of confidential information are significant risks to European businesses, according to a survey by the Federation of European Risk Management Associations in cooperation with the Institute of Risk Management (IRM). Risk professionals from both organisations were asked which three cyber risks they thought were the greatest threats to business in general and to their own organisations. A total of 186 replied to the online survey during August and September (2011) intended to inform the two organisations’ discussion about risks of the virtual world. Continue reading →

Jorge Luzzi, Director Group Risk for Pirelli worldwide, today (Wed) in Stockholm took over as President of the Federation of European Risk Management Associations (FERMA) for the next two years. He succeeds Peter den Dekker who has served since 2009. As his final act as President of FERMA, den Dekker presided over the most successful FERMA Risk Management Forum ever, with more than 1500 risk professionals, including risk managers and service providers, taking part in the three day event. He will remain on the board of FERMA. Continue reading →