FERMA/Lloyds’ professional development initiative

The third and final session of the FERMA-Lloyd’s training programme will take place on Thursday 18 April and Friday 19 April 2013 at Lloyd’s.

The first two sessions of the programme, which were held during 2012, have received enthusiastic responses from FERMA’s head of education Edouard Thys and the risk professionals who have taken part.

The programme, according to Edouard, was designed to deliver a message not just about Lloyd’s and how it is works, but also what emerging risks the risk managers could face in the future and what solutions could be possible. “In short to give a risk management flavour rather than a pure insurance one,” he said.

The list of the most useful aspects of the training provided by Ruben Műller, risk and insurance manager for Voith, a globally active German based engineering company, summed up the general opinion of the students:

• Dialogue with colleagues
• Networking
• Understanding Lloyd’s business and London insurance market
• Learning other points of view
• Discussing emerging risks

The students have been very positive about the speakers organised by Benno Reischel, Lloyd’s head of Northern Europe international markets, including for the dinners where they got more time for discussion with market figures.

Sabine Desantoine, insurable risks manager for the large Belgo-Dutch financial institution ING, added she would find not just more knowledge about how Lloyd’s useful in her work but also its commitment to Solvency II.

Sessions shadowing brokers and underwriters were among the high points of the programme for many. As Martyna Butryn, expert in charge of analysis and risk management for Telekomunikacja Polska, said: “It was really fascinating to feel the atmosphere of the Lloyd’s market.”

Fredrik Finnman, group risk and insurance manager at Sweden’s ASSA ABLOY, commented that the first session which had focused mainly on the mechanisms of the Lloyd´s market provided insight on how companies could place some of their emerging risks in the insurance market. “The second session had a more direct impact on my professional development as it addressed risk management more specifically. Particularly the sessions on risk appetite and emerging risks were useful.”

Kim Breinholt Sørensen, group insurance manager, Carlsberg Breweries, Denmark, confirmed this view: “Our discussions around emerging risks and supply chain risks have been very interesting.”

Successful networking inevitably has been a part of the experience. Victoria Tattersdill, risk and insurance manager
for the law firm DLA Piper–UK, said: “It gives you direction of who to contact, but mainly I think the network that you build will be more useful in the future.”

Sabrina Hartusch, global insurance manager for the Swiss multi-national Triumph, said: “This programme will allow me to act better in certain circumstances and situations in the future by being able to apply what I have learned.”

Neither Lloyd’s nor FERMA could ask more, but Edouard is very keen to see other countries represented in any future joint training programmes.




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