DAY ONE: CORPORATE RESPONSIBILITY AND SUSTAINABILITY

The latest report of losses from natural catastrophes during 2017 confirm the need for European companies to have more access to actionable climate-related risk data, as FERMA called for in its response to the Eu Strategy on Adaptation to climate changes...

As part of the UN’s sustainable development agenda entitled Transforming our world: the 2030 Agenda for Sustainable Development, countries have adopted a set of 17 Sustainable Development Goals (SDGs) to transform our world. In a recent UN Global Compact-Accenture Strategy CEO Study, 49% of CEOs believe that business will be the single most important factor in delivering these SDGs...

The Commission’s programme is intended to implement the final report of the EU High-Level Expert Group on Sustainable Finance. FERMA welcomed the report of the expert group and has made sustainability and responsible business conduct key topics for its European Risk Management Seminar 2018 in Antwerp on 8-9 October...

In an article originally published in the German newspaper “Münchner Merkur” on May 30th, 2018, Ernst Rauch – Munich Re’s Chief Climate and GEO Scientist – answered questions on how expensive these weather bombs are for insurers, how things are looking in Europe and his predictions for this year, and the consequences of climate change....
DAY TWO: CYBER

You cannot put all your money into cyber risk prevention but must invest in resilience, Augusto Perez Arbizu, Director of Corporate Risk and Insurance, Telefonica, and President of IGREA, told the OECD-Marsh conference on cyber insurance taking place yesterday and today in Paris. “You cannot be 100% secure. Sooner or later, you will have an attack, and the question is not if, but when. Therefore, it is important to invest not only in prevention, but also in ‘cyber resilience.’”...
Combatting Cybergeddon with cyber governance in 10 steps

The accelerating worldwide trend of digitisation represents a key business opportunity for European organisations, but also brings with it key business risks. With recent cyber attacks increasing concerns on what the risk experts see as a wider lack of focus on risk governance in cyber security, how can companies in Europe meet their obligations under EU regulations?...

Almost a year ago (26 June 2017), integrated transport and logistics company AP Moller-Maersk fell victim to a NotPetya cyber-attack. The malicious computer program infected thousands of the organisation’s computers worldwide, resulting in encrypted data and locked-out users. ...

How can the cyber insurance market respond to risk with few boundaries? As cybercrimes continue to increase along with the intensive media coverage of privacy breaches and ransomware attacks, cyber risks complacency could become a thing of the past. In a recent article, the OECD explored some of the challenges accompanying insuring cyber risks, common types of cyber incidents and their potential losses, and enabling the cyber insurance industry.

In this featured article publish in June in the European Cybersecurity Journal, FERMA Board member Philippe Cotelle is drawing some first conclusions after more than 10 years of cyber insurance offering in Europe. A gap between supply and demand remains despite insurance capacities being available.
Past Editions
FERMA SEMINAR 2016
FERMA SEMINAR 2014