Federation of European Risk Management Associations (FERMA) News

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 …

Julia Graham is New FERMA President

Julia Graham, Director of Risk Management and Insurance for the global law firm DLA Piper, acceded to the position of president of the Federation of European Risk Management Associations (FERMA) at the close of its bi-annual conference on Wednesday, October …

FERMA Releases Positions on Captives, Niche Companies and Solvency II

The Federation of European Risk Management Associations (FERMA) released a bulletin detailing the organization’s position on how captives and “niche insurers” could be adversely affected by Solvency II. The organization’s President, Jorge Luzzi, said: “The continuing delays to the adoption …

FERMA Forum Opens with Solvency II Analysis from Karel Van Hulle

The bi-annual Risk Management Forum of the Federation of European Risk Management Associations (FERMA) kicked off with a reception on Sunday night for the 1400 plus delegates at the MECC Conference Center in the Dutch city of Maastricht. FERMA got …

FERMA Urges EC to Respect ‘Freedom of Choice’ for Cat Coverage

The Federation of European Risk Management Associations (FERMA) announced that it has told the European Commission that “any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for company insurance buyers.” FERMA made the …

FERMA: ‘Disclosure’ Alone Not Enough to Control Companies’ Social Risks

“Public disclosure of a company’s social issues is good, but by itself does not show that the risks are under control,” the Federation of European Risk Management Associations (FERMA) has told the European Commission (EC) and European Parliament. “For numerous …