The Federation of European Risk Management Associations (FERMA) will on Tuesday (22 April) launch the 2014 FERMA Benchmarking Survey of European risk and insurance management in association with its national association members in 20 European countries.
The FERMA Benchmarking Survey, which takes place every other year, is already the widest expression of the views of risk and insurance managers across Europe with more than 800 responses in 2012. An independent research company, Toluna, will collect the responses and compile the results.
To create the 2014 Benchmarking Survey, FERMA worked extensively with its member associations plus five commercial partners: AXA Corporate Solutions, EY, Marsh, XL Group and Zurich. Based on this collaboration, the survey will ask risk and insurance managers for their views on:
- The most significant risks facing businesses today;
- The cost of risk, including insurance, risk consulting costs and broker remuneration;
- The relationships between risk management and other internal functions of the organisation;
- Risk management and corporate performance;
- The identification and insurability of emerging risks such as cyber risks, environmental liabilities and supply chain exposures;
- EU hot topics and their impacts for company governance and insurance markets.
The results of this survey will form the basis of the first FERMA European Risk and Insurance Report. The report will be published at the FERMA Seminar in Brussels on 20 October 2014.*
FERMA President Julia Graham says, “Our members have activities in a number of European countries, so being able to benchmark themselves at European level will be invaluable. At the same time, we need their contribution to make the results truly representative of the views of risk and insurance managers across Europe.”
Cristina Martinez, FERMA board member and head of the survey project group, explains, “Our intention is to create a reference work for risk and insurance managers throughout Europe that will also provide a tangible basis for reporting to senior management on risk management. This seventh edition of the FERMA Benchmarking Survey will be more quantitative and practical than previous versions of the survey and provide more benchmarks for comparison, including with the results of surveys conducted by national associations.”
See /about/who-is-who/board-of-directors for photos of Julia Graham and Cristina Martinez.
*FERMA Seminar 2014 and publication of FERMA’s European Risk and Insurance Report
FERMA’s Seminar 2014 will take place on 20 and 21 October at Square in central Brussels. Journalists are invited to attend. There will be a press conference on 20 October to announce the results of the survey.
Lee Coppack, FERMA media coordinator
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