Monthly Archives: April 2013

European insurance industry supports FERMA Forum

The insurance industry wants to respond to the needs of commercial insurance buyers, says the President of FERMA Jorge Luzzi. “They have shown their interest in the exceptional level of support which we have already secured for the 2013 FERMA Risk Management Forum” he said. Continue reading

Risk management in Spain matures – with support from AGERS

Risk management in Spain is reaching significant maturity levels at the same time that it is taking steps to approach levels of development of other European countries. Despite the difficult economic situation being experienced by Spain, Spanish risk managers of large, small and medium sized firms are increasingly sensitised to the need for developing and implementing risk management processes according to the challenges of these times. Continue reading

Future of risk management and the global risk factor theory: possible perspectives

The modern risk management is currently going through an ideological crisis showing the following symptoms: failure to understand the nature of the majority of risks, eclecticism of methods and concepts, in both technologies and standards of risk management, disregard of the interaction between operational risk, credit risk and market risk, lack of continuity in management processes, lack of common rating scales for the assessment of various risks,inadequate tools for operational risk assessment, the virtual absence of portfolio approach to operational risk management, difficulties with forecasting stress and crisis scenarios generation, difficulties with explaining the nature of chaotic market processes, the problem of the recently increased relevance of some previously uncommon factors, of which the following ones are thought by the author to be most important, cyber-terrorism and industrial terrorism, influence of social networks, High Frequency Trading (HFT), threat of antibiotic resistance. Continue reading

Registration opens for FERMA Risk Managmement Forum 2013

We are delighted to announce that Registration is now open for the Risk Management Forum 2013 organised by the Federation of European Risk Management Associations (FERMA). The Forum will take place in Maastricht, The Netherlands from 29 September to 02 October 2013 and is open to all risk and insurance professionals. Continue reading