The Federation of European Risk Management Associations (FERMA) speaks for the risk management profession in Europe

FERMA brings together 21 risk management associations in 20 European countries. They represent nearly 5000 professional risk managers active in a wide range of business sectors. FERMA acts on their behalf at European level and promotes the risk management profession.

What we do:

Our history

In 1974 with three organisations got together to speak for corporate insurance buyers in Europe. In time, those organisations became FERMA…

We are a Brussels-based non-profit federation.

What is risk management?

Managing the threats and opportunities to organisations within acceptable limits is the essence of risk management. The principles of risk management are identifying, measuring and preparing for any events that could interfere with the organisation’s plans. Enterprise risk management (ERM) is a strategy that applies these concepts across the whole organisation.

The risk manager is a coordinator, educator and communicator.

Risk managers bring professional expertise to this role and support the success of their organisations. They play a central role by coordinating risk aspects of functions across the organisation. In addition, risk managers will be responsible for technical activities of the work, such as risk assessment, risk mapping and insurance purchase. They report to senior management and the board about risk issues.

Risk managers typically came from different professional backgrounds, such as finance, engineering, law or insurance. Today, an increasing number are starting their careers with dedicated training to become professional risk managers. The FERMA certification, rimap, provides a European professional qualification for all practitioners.

FERMA Risk Manager Report 2018