Monthly Archives: July 2014

Why do cars have brakes?

Risks are evolving at an increasing rate and so does the role of Risk Managers. 

From global risks mapping to the transition from risk management to risk leadership, Julia Graham’s presentation to the FUEDI General Assembly brilliantly pinpoints the key challenges and opportunities presented to risk managers by our ever riskier world.

So why do cars have brakes? So you can drive safely.

But the driver first needs to know where the brakes are and how to use them…


FERMA Newsletter 60 (Table of content)

FERMA Newsletter 60 (July 2014)
Download Newsletter 60
July 2014

Table of Contents

Risk manager round tables filling fast. REGISTER NOW FOR THE SEMINAR

Risk managers who want to take part in the risk manager only round table discussions at the 2014 FERMA Seminar should register quickly; the round table numbers are limited, and they are filling quickly. This is the advice from FERMA’s Project manager Véronique De Hertogh as she continues the planning for this event. The seminar will take place on 20 and 21 October at SQUARE in Brussels. Continue reading

Not a member?

It is not too late to attend the seminar for free if you are a risk manager and you have an interest in European risks. Join your national association or if you are not eligible to join a member association, you can apply for individual or corporate membership.

For more information, visit FERMA webpage at

Record number of survey responses; hard work on analysis is now underway

The 2014 FERMA Risk Management Benchmarking Survey closed on Friday 20 June with a total of 850 replies. This is the highest number of responses the survey has ever received and it means the results are ever more representative of the views of the European risk management community.

The survey committee, composed of FERMA board members and representatives of the industry partner organisations, immediately started to work on analyzing the responses. The results will be revealed at the FERMA Seminar 2014 on 20 and 21 October in Brussels. An independent survey company Toluna collects the responses. Continue reading

Letter from Brussels

In June we held our general assembly, approved the risk management certification project and elected four board directors. Since then, we have not been relaxing! You might be surprised at the number of projects that FERMA does with a small team.

Led by our President Julia Graham, Vice President Michel Dennery, General Secretary Pierre Sonigo, scientific adviser Marie-Gemma Dequae and I visited London for a meeting with the Institute of Risk Management (IRM) and our British member Airmic. We discussed several subjects of mutual interest on education issues with IRM. Continue reading

Join the FERMA community on social media

FERMA invites you to become part of its growing online community which is already 5000 strong and growing (3033 followers on Twitter and more than 2400 members on LinkedIn).
Via its blog, Twitter, Youtube and Slideshare, FERMA regularly publishes news, insights, interviews and research. Additionally, the FERMA Risk Talk LinkedIn group provides a platform for risk managers to share their experience and expertise, exchange ideas and opinions, and look for advice, solutions and recommendations that were once out of reach. Continue reading

Elections to the FERMA board

The FERMA general assembly on 26 June elected four directors to join the board for 2014-2017 and one new substitute They are:

  • Anna Korbut, vice president of the Russian risk management association RusRisk,
  • Carl Leeman of the Belgian association BELRIM;
  • Cristina Martinez from the Spanish association IGREA; and
  • Helle Friberg from the Danish association DARIM;

The board substitute is the president of Poland’s POLRISK, Slawomir Pijanowski.

Middle East risk manager joins FERMA as individual member

Fady Khawam, senior enterprise risk manager for ABYAT Megastore Co. ( , the largest retail store group in the Middle East, has been accepted as an individual member of FERMA and will attend the FERMA Seminar in Brussels in October. ABYAT, which sells all types of building materials, fittings and home furnishings from large stores in Kuwait, and Saudi Arabia, is now planning to expand into the United Arab Emirates, Oman, Europe and elsewhere. It is this expansion into Europe that encouraged Fady to apply for membership of FERMA. Continue reading

Help with global programmes

Airmic and AGERS have taken the initiative on global programmes. At its annual conference in June, Airmic unveiled Insight Risk Manager, the first compliance database designed specifically for risk managers. Created in partnership with Axco, the supplier of global insurance market information with the support of leading brokers, Insight Risk Manager currently covers regulations in 30 countries representing 93 per cent of the world’s property-casualty insurance premiums. Continue reading