The Association Européenne des Assurés de l’Industrie (European Association of Industrial Insureds), or AEAI, was established as a result of the conclusion that there needed to be an organization capable of presenting a competent and powerful counterbalance to insurers on behalf of businesses. The federation which is now known as FERMA originally had six members: Belgium (GAI/VVI), France (GACI), Germany (VIV), Italy (ANRA), Netherlands (A.O.G.) and the UK (AIMIC).

Launch of the joint AEAI – RIMS Risk Management Forum, which will be held every two years until 1999. 

AEAI becomes FERMA (Federation of European Risk Management Associations). The new name was considered more in line with the mission of the association.

FERMA establishes a permanent office in Brussels with a full-time executive manager.

FERMA introduced, for the first time, the principle of rotation around European cities and the local support of national member associations.  

First FERMA Risk Management Seminar, an educational event for European risk managers exclusively.

Publication of FERMA first position paper on Alternative Risk Transfer Market Study. From there on, FERMA started to develop permanent contacts with the European Commission and to issue position papers on key legislative proposals of importance for the risk managers.

First Edition of the FERMA Benchmarking Survey. The start of FERMA’s bi-annual European survey aimed at benchmarking and providing invaluable insights into the evolving role, stakes, and activities of risk managers across Europe. 

FERMA new strategic direction emphasizing advocacy for risk managers and risk management at the European level through lobbying initiatives, while also promoting Enterprise Risk Management (ERM) as a crucial pillar of strategic management.

Advocacy becomes the first pillar of FERMA’s action. Adoption by the General Assembly of a new strategic vision and mission relevant in the fast-changing landscape. As of this moment, FERMA has elevated the professionalism of its advocacy action, leading to heightened engagement from members in its various committees

First ceremony of the European Risk Management Awards – the awards aim to unite risk managers and their trading partners across Europe, showcasing excellence, promoting awareness, and elevating the risk management profile within corporations.

Signature of the first Strategic Partnership agreements with the main insurance industry leaders. FERMA moves from a logic of sponsoring to a logic of long-term partnership.

Rimap commercial launch. FERMA RIMAP Certification becomes fully operational with an online examination, four sets of learning materials, and a Continuous Professional Development (CDP) system up and running. 

FERMA wins the BEPS initiative Award of the year at the European Captive Awards for its work and paper “Captives in a Post-BEPS World”.

On Europe Day, FERMA published its first EU Manifesto presenting its priorities for the policy-makers in the EU Institutions for the next institutional mandate (2019-2024).

FERMA COVID-19 Response – FERMA was the first organization at the EU level to propose a pan-European catastrophe resilience framework in response to the COVID-19 pandemic.

Organisation of the FERMA Talks filmed in a TV studio and streamed across Europe and beyond with face-to-face interviews and live panel discussions with high-level European speakers.

First contribution to the rotating Presidency of the European Council starting with France. A new statement is issued every 6 months at the start of a new Presidency.

First joint-industry report on cyber insurance which addresses the challenges faced by all participants in the cyber insurance chain and highlights the potential for Europe to become a global leader in developing state backed solutions for risks that cannot be covered by the private insurance market alone.

FERMA Rebranding: new logo and website – FERMA unveiled a new logo and website for its 50th-anniversary celebrations. This rebranding reflects FERMA’s continuous evolution and commitment to representing the risk management community with a fresh and modern identity.