The President of the Federation of European Risk Management Associations, Dirk Wegener, today opened the FERMA Seminar 2020 telling risk managers: “Today, I believe we can be on the threshold of a new era for risk management. There is the possibility of truly embedding risk management in the business model and culture of European organisations.”
The theme of the Seminar is “Corporate risk and finance: Financing the growing universe of risk”. Day 1 of the event will focus on managing a hard insurance market and alternatives to insurance for financing risk. Day 2 will examine exposures: identifying, defining and measuring risks especially those related to climate change, supply chains and cyber risks. On both days, there will be an emphasis on ways of best communicating risk with the CFO and senior management.
Wegener said: “Over the last eight months of pandemic, risk managers have had the unfortunate opportunity to show just how valuable risk management already is for the resilience of companies and the economy. We see how much the global economy relies on interconnected infrastructures, especially digital, and uninterrupted supply chains. We are exposed to risks that can become systemic, like pandemic. Widespread cyber-crime, climate change events and conflicts also have the potential to become widely disruptive and damaging through our widespread inter-dependencies.
“Resilience requires that we apply proven risk management methods and once we understand our exposures that we consider how financial impacts can be best mitigated.” Please click here to read Dirk Wegener’s opening speech at the seminar.
The FERMA Seminar, which takes place in alternate years from the FERMA Forum, has attracted nearly 500 risk managers to participate in the event, which is being held online on a 3D platform.
In addition to the plenary sessions and workshops, the Seminar is providing an opportunity for candidates to take the FERMA Certification Rimap examination online.