Federation of European Risk Management Associations (FERMA) News

AIR Says Brussels Attacks Have Limited Insurer Impact; FERMA Issues Comment

The deadly coordinated attacks in Brussels on March 22, which killed 33 people and wounded 260. are expected to have limited impact on the insurance industry, according to catastrophe modeling firm AIR Worldwide. Loss of life and injuries to individuals …

FERMA President Graham to Join UK’s Airmic

The Federation of European Risk Management Associations (FERMA) congratulated its President Julia Graham on her appointment as Technical Director of its UK member risk management association Airmic. Graham will continue as President of FERMA until the conclusion of her term …

FERMA Announces Leadership Appointments

The board of the Federation of European Risk Management Associations (FERMA) announced three high level appointments “to secure its leadership succession.” The appointments took effect from as of December 11, 2014, the date on which the FERMA Board met and …

Climate Change Represents Risks and Opportunities for Corporations

Danish climate scientist and TV weatherman Jesper Theilgaard told risk managers from some of Europe’s leading companies that they should not treat climate change as a “doomsday” scenario. Instead, he said, they should look for the business opportunities in helping …

Guidance on EU Rules Created for Audit, Risk Committees

The Federation of European Risk Management Associations (FERMA) and the European Confederation of Institutes of Internal Auditing (ECIIA) have responded to increased EU requirements for more corporate transparency with a new joint guidance document on the 8th Company Law Directive. …

Management of Top Risks Unsatisfactory, Say Risk Managers in FERMA Survey

Risk managers are not satisfied with the level of mitigation for six of the top 10 risks “that keep their CEO awake at night,” which is one of the key findings of the 2014 Risk Management Benchmarking Survey conducted by …

FERMA Agrees to Plan for European Certification of Risk Managers

The general assembly of the Federation of European Risk Management Associations (FERMA) announced that it has agreed a framework and funding to create European certification for risk managers. “The program will provide certification of the professional competences and experience of …

FERMA Calls for Caution on EU Insurance Contract Law Changes

The Federation of European Risk Management Associations (FERMA) has released a bulletin calling for “a cautious approach to any changes to the regulatory treatment of differences between EU national insurance contract laws to avoid jeopardizing the market for large risks …

Insurers Respond to Risk Managers at FERMA Forum – Part 2

After the risk managers expressed their views on how re/insurance carriers were handling such matters as innovation, new policies and claims handling at the Federation of European Risk Management Associations’ (FERMA) bi-annual forum, the carriers got a chance to respond. …

FERMA Offers Trialogue between Risk Managers, Carriers and Brokers – Part 1

The insurance industry may have given the world a new word – “trialogue,” meaning a three way conversation. Oddly enough the first person to use it at the Federation of European Risk Management Associations’ (FERMA) recently concluded forum in the …