In a context where risk management is one of the major responsibilities of executive management, identification of opportunities, risk evaluation and preparation for the occurrence of these risks have become key activities for preparing a business for the future.
In FERMA, at the same time, we have seen a strengthening of our links externally with stakeholders and internally with members. Two illustrations of this trend are the launch of a working group to review the FERMA – ECIIA guidance on the 8th European Company Law Directive in early April and the offer of Mapfre’s Gerencia de Riesgos y Seguros to translate our news into Spanish and so raise awareness in Spanish-speaking countries.
In addition to the monthly presidents’ conference calls on current activities, we organise frequent calls on major projects such as the Benchmarking Survey, certification, the FERMA Seminar and European affairs, so we involve more and more members on a regular basis.
Another illustration is the recent launch of political action committees. These are groups of experts covering legislative issues, such as (Solvency II, environmental liability…) who will help us debate and formulate opinions that will be disseminated to the membership and regulators. For more on these expert groups read the article « Political action committees created to strengthen FERMA’s voice ».
After three months of membership renewal in 2014, we have seen an increase in the number of individual members within FERMA’s associations from 4033 in 2012 to 4336 with a few individual members from the US joining us. Step by step we are also increasing our cooperation with risk management associations beyond FERMA’s frontiers under the banner of the International Federation of Risk and Insurance Management Associations (IFRIMA).