In view of the 2019 EU elections, FERMA prepared a document presenting FERMA’s priorities for the policy-makers in the EU Institutions for the next institutional mandate (2019-2024).
This FERMA manifesto was meant to be a short and concise document to become our basis for discussions with incoming EU leaders in an attempt to obtain more political support for the development of professional risk management within all types of organisations.
EU policies in the field of Digital and Sustainability will be at the top of the European agenda for the next 5 years. Education in risk management and having a stable insurance market are key to support the resilience of European companies. This is why, we have structured our key priorities under 4 pillars, namely:
- A European leadership in digital transformation to exploit growth opportunities
- A European leadership to secure transition to a sustainable economy
- A European leadership in risk management education
- A European leadership for a stable insurance market
Our 4 pillars and what we ask policy-makers
For each pillar, we start from the current issues at European level. Then we indicate what is FERMA’s contribution in these fields and we make recommendations to the EU policy-makers. The Manifesto was used to meet with key elected new MEPs and European Commission’s representatives.
READ FERMA’S RECOMMENDATIONS IN DETAIL BY CLICKING ON EACH PRIORITY
|WE ASK POLICY-MAKERS TO
|EUROPEAN LEADERSHIP IN DIGITAL TRANSFORMATION TO EXPLOIT GROWTH OPPORTUNITIES
|* Propose incentives to businesses to increase preparations for cyber risks.
* Anticipate the consequences of emerging digital tools on businesses.
* Develop solutions for SMEs because not all businesses can have a cyber security unit.
|EUROPEAN LEADERSHIP TO SECURE TRANSITION TO A SUSTAINABLE ECONOMY
|* Continue to support and drive forward the implementation of the Sustainable Development Goals and Paris Agreement.
* Acknowledge the value of professional risk management to improve resilience in the face of increasing disaster risks.
* Support risk management readiness in all organisations, public and private, and of all sizes.
* Support European businesses to produce data on sustainability that are reliable and comparable.
* Recognise that professional risk management can enhance sustainability and provide a competitive advantage for organisations seeking finance as the EU promotes investment in sustainable economic activities.
* Avoid a burden for SMEs. Reporting requirements must be proportional.
|EUROPEAN LEADERSHIP IN RISK MANAGEMENT EDUCATION
|* Encourage public and private organisations (notably SMEs) to develop their knowledge and competencies in risk management.
* Ensure a European-wide offer of risk management education.
|EUROPEAN LEADERSHIP FOR A STABLE INSURANCE MARKET
|* Promote consistent application of insurance regulation across member states, especially the proportionality principle with regard to small and less complex insurance ventures.
* Ensure any proposals to reduce the insurance protection gap, respect the proportionality principle and allow flexibility to enterprises with a mature risk management in place.