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 firstname.lastname@example.org 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
President meets the Commission; Things in common; Flood, storm, earthquake and drought. Continue reading
How do FERMA members feel about loss adjusters? Would they like to see some form of registration or regulation? This issue, which has been discussed in FERMA a number of times in the past, has again become topical as part of European Commission discussions on the prevention and insurance of natural catastrophes. FERMA plans to circulate association presidents to ask their views, ahead of a possible meeting with the European Federation of Loss Adjusting Experts (FUEDI). Executive Manager Florence Bindelle, who attended a Commission seminar on natural catastrophes on 18 October, reported that the Commission is to carry out an in-depth examination of insurance schemes within the EU for natural catastrophes. Continue reading
Swiss Re Corporate Solutions received FERMA’s first ever product innovation award, launched at the 2011 Risk Management Forum, for its non-damage business interruption cover that allows the aviation industry to mitigate risks associated with unexpected natural events, such as volcanic ash cloud. Continue reading
The president of the largest organisation of European risk managers today (Mon) called on reinsurers to work with their ultimate customers, corporate insurance buyers, to develop solutions for the risks highlighted by the spate of natural catastrophes over the last two years. Opening the 2011 Risk Management Forum of the Federation of European Risk Management Associations (FERMA), the President Peter den Dekker said reinsurers needed to understand how business models had changed so they could support insurers in devising innovative solutions to risks that companies face now and will do in future. Continue reading