Tag Archives : body of knowledge

rimap® developments: bridging the gap between education and the profession in Europe

FERMA’s professional certification programme rimap® took an important step forward on 23 June, as FERMA disclosed the names of the first six education programmes in risk management to receive rimap accreditation.

Accreditation is one of the three building blocks of rimap, along with certification and CPD (continuous professional development). It is designed to acknowledge that an education provider’s programme meets the risk management education requirements set by FERMA based on the rimap ‘Body of Knowledge’.


Rimap accreditation confirms that the education body is willing to deliver a risk management education programme that is in line with the first European criteria agreed by FERMA associations.

“It is important for the students to know they are following an education programme that is in line with what the profession is expecting. This is best achieved by the professional associations in each country that represent the risk practitioners in Europe,” says Isabel Martinez Torre-Enciso, FERMA Vice President and the person responsible for the accreditation process within the rimap steering committee.

Bridge between academia and profession

Accreditation is also a bridge between the world of risk management education and the professional associations. In 2016, the choice was made to work with a closed list of education bodies that volunteered their interest in the process to FERMA and which were supported by their national risk management associations. For an academic’s view of this process, see the expert view by Marcus Feldt of the Stockholm School of Economics Executive Education here.

“We are pleased to see that the accredited education bodies reflect the diversity of FERMA membership with universities, business schools and professional institutes operated by national associations themselves. The geographical spread also shows that risk management education is developing across Europe, from Finland to Malta.” adds Isabel.

The criteria for accreditation are based on a certain number of hours of teaching, and an 80% match between the rimap Body of Knowledge and the programme. These elements, including the list of teachers and a description of the selection process, were documented by an online submission process through the rimap website.

Continuous Professional Development (CPD)

Finally, we are building the CPD element. We have received a number of requests for licensing for events, and we have so far confirmed to Lloyd’s a CPD license for the FERMA/Lloyd’s Professional Development Programme.

The CPD process is also about to be tested full scale at the FERMA Seminar in Malta on 3-4 October. The details are still to be confirmed, but various Seminar activities should entitle all participants to at least 25 CPD points. These points will be stored electronically on individual rimap accounts for further use when Seminar participants register for the rimap examination: http://rimap-certified.org/

First rimap accredited risk management education programmes

  • Belgium: ICHEC Formation Continue – Diplôme en Risk Management (BELRIM)
  • Finland: University of Tampere – “Master’s Degree Programme in Business Studies – Specialization in Insurance and Risk Management” (FINNRIMA)
  • Italy: ANRA – ALP (ANRA Learning Path)
  • Malta: University of Malta – “Bachelor of Commerce (Honours) in Insurance and Risk Management” (MARM)
  • Poland: POLRISK – “Certyfikowany zawodowy menedżer ryzyka”
  • Sweden: Stockholm School of Economics Executive Education – “Risk Management Diploma” (SWERMA)

Certification launch with rimap

FERMA launches first professional Certification for European risk managers with award ceremony

Today (5 October) the Federation of European Risk Management Associations (FERMA) formally launched its programme of European Certification for professional risk managers.  It is the first such designation and is designed to reinforce the standing of the profession in Europe.

FERMA’s Certification, called rimap®, will provide independent confirmation of the professional competences, experience and standards of individual risk managers, and accreditation for the risk management programmes of educational bodies. rimap® rests on four pillars: knowledge, experience, continuous professional development (CPD) and a code of ethics.

FERMA has marked the occasion at the opening of its 2015 Risk Management Forum in Venice today with the award of Founder Certification to individuals in the risk management community who have been responsible for the creation, development and initial testing of the essential elements of Certification. They will be ambassadors for rimap®. FERMA intends to open applications for Certification in early 2016, with the first awards expected in the spring.

At the launch, FERMA board member Michel Dennery, Chair of the FERMA Certification Steering Committee, said: “Today, there is a strong expectation from stakeholders about risk management; that is why we have created the first high level pan-European recognition of the profession of risk management that will respond to these expectations.”

Prof. Karel Van Hulle, Chairman of the Insurance and Reinsurance Stakeholder Group of EIOPA, welcomed the launch of rimap®. He said: “The financial crisis showed clearly the need for good risk management. It is in the interest of all stakeholders that firms attach great importance to the timely identification, evaluation and management of their risks and to the mitigation of those risks. Risk management should have a higher status in our educational institutions. I welcome the fact that FERMA has taken up this challenge and I hope that the initiative will be successful.”

FERMA also unveiled the Certification programme brand and logos.

Print Print rimap_H-logo-licensed-CMYK

As well as the first rimap leaflet, rimap Body of Knowledge, rimap Continuous Professional Development and rimap Code of Ethics:

Members of the FERMA Certification Steering Committee


Michel Dennery, FERMA board member, member of AMRAE (France)

Julia Graham, President of FERMA, member of Airmic (UK)

Jo Willaert, Deputy President, FERMA, member of BELRIM (Belgium)

Isabel Martínez Torre-Enciso, Vice President of FERMA, board member of AGERS (Spain)

Florence Bindelle, Executive Director, FERMA


Marie-Gemma Dequae, FERMA technical adviser

Pierre Sonigo, project mentor

Julien Bedhouche, FERMA European affairs, project manager

Full press kit also includes:

Certification Note for Forum
rimap Advert

And visit http://rimap-certified.org/ for a full tour of the rimap programme

Press contacts:

Lee Coppack, FERMA Media Coordinator lee@coppack.co.uk

+44 7843 089904 (4-11 October) /+44 208 318 0330

For photographs: email administration@ferma.eu  for an invitation to the Dropbox folder.

Julien Bedhouche, FERMA European affairs, julien.bedhouche@ferma.eu   +32478286620 (4-7 October)/ +3227619433