FERMA Launches 1st Professional Certification for European Risk Managers

October 5, 2015

The Federation of European Risk Management Associations (FERMA) has formally launched its program of European Certification for professional risk managers.

It is the first such designation and is designed to reinforce the standing of the profession in Europe, FERMA said.

FERMA’s Certification, called rimap®, will provide independent confirmation of the professional competences, experience and standards of individual risk managers, and accreditation for the risk management programs of educational bodies.

FERMA said rimap® rests on four pillars: knowledge, experience, continuous professional development and a code of ethics.

FERMA marked the launch at today’s opening of its 2015 Risk Management Forum in Venice with the award of Founder Certification to individuals in the risk management community who have been responsible for the creation, development and initial testing of the essential elements of certification. They will be ambassadors for rimap®.

FERMA intends to open applications for certification in early 2016, with the first awards expected in the spring.

At the launch, FERMA board member Michel Dennery, chair of the FERMA Certification Steering Committee, said: “Today, there is a strong expectation from stakeholders about risk management; that is why we have created the first high level pan-European recognition of the profession of risk management that will respond to these expectations.”

Prof. Karel Van Hulle, chairman of the Insurance and Reinsurance Stakeholder Group of the European Insurance and Occupational Pensions Authority (EIOPA), welcomed the launch of rimap®.

He said: “The financial crisis showed clearly the need for good risk management. It is in the interest of all stakeholders that firms attach great importance to the timely identification, evaluation and management of their risks and to the mitigation of those risks. Risk management should have a higher status in our educational institutions. I welcome the fact that FERMA has taken up this challenge, and I hope that the initiative will be successful.”

Source: Federation of European Risk Management Associations

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