Risk management, sustainability, and regulatory efficiency is at the core of FERMA’s mission. Our Policy Manifesto for 2024-2029 outlines a vision that closely aligns with the European Commission’s Work Programme for 2025, particularly in promoting efficiency, resilience, and strategic growth across the European Union. The Commission’s agenda prioritizes competitiveness, sustainability, and crisis preparedness—all of which resonate well with our strategic objectives.
One of the key pillars of the European Commission’s 2025 Work Programme is reducing regulatory burdens, particularly for SMEs and industries facing complex compliance requirements. The recently proposed Omnibus Package on sustainability rules, aimed at simplifying regulations and streamlining reporting requirements, is a crucial step towards reducing administrative burdens. This aligns with our commitment to ensuring that regulatory frameworks are both effective and practical. We will actively participate in this process by sharing our expertise on sustainability reporting with the European Institutions, advocating for the promotion of sustainability risk management and climate resilience in a more efficient regulatory environment that balances compliance with innovation and competitiveness in EU.
The newly proposed EU’s Clean Industrial Deal reinforces the need for structured climate risk assessment and transition planning—a principle central to our sustainability approach. We emphasize the necessity of increasing the protection against the climate risks and closing the climate and transition insurance gaps. This aligns with the Commission’s commitment to boosting sustainable industrial practices. FERMA is committed to working alongside the European Commission and other key stakeholders to develop a viable EU-wide reinsurance scheme for climate related risks. We will continue to actively engage in discussions, ensuring that businesses have access to better insurance solutions that support resilience in an evolving risk landscape.
Both FERMA and the European Commission recognize cybersecurity as a growing risk area. Cyber threats remain the first concern for Risk Managers since 2018. We advocate for simplified cyber reporting structure, building on our existing work on the cyber reporting stack, to reduce duplicative and complex reporting requirements for businesses. As businesses increasingly struggle to obtain coverage for catastrophic cyber risks, we engage with the EU dedicated agencies and policymakers in exploring the idea of an EU-level backstop for catastrophic cyber-events.
The European Commission would like to increase Europe’s resilience. The upcoming Preparedness Union Strategy will play a key role in enhancing crisis preparedness. FERMA promotes keeping the focus on climate and cyber disruptions within this strategy, ensuring that businesses are better equipped to manage emerging threats. In light of our forthcoming Foresight Report, we will establish links with the EU Foresight Network, sharing our expertise to support proactive risk identification and mitigation. Additionally, we advocate to integrate a risk management approach in EU policymaking to drive better decision-making.
Regulatory frameworks evolve and new risks emerge, businesses need policies that not only protect but also empower them. FERMA remains committed to being a proactive voice in shaping a regulatory environment that is clear, forward-looking, and risk-aware. We will continue to engage and work with EU policymakers and industry leaders to push for solutions that drive stability, innovation, and long-term competitiveness across Europe.