Tag Archives : Education

Discover the exclusive opportunity to take the first rimap examination during the FERMA seminar in Malta

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rimap® is the first professional Certification for European risk managers. Launched in 2015 by FERMA, rimap® provides 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. Visit rimap-certified.org/

 

Rimap Application Procedure

TAKE THE FIRST RIMAP EXAMINATION

The first rimap examination will be organized during the FERMA European Risk Seminar in Malta on Monday 3 October from 10h30 to 12h30.

It is a written exam with 100 questions based on the rimap Body of Knowledge and taken from recognised sources such as ISO 31000 and COSO ERM framework.

Certification benefits

  • Risk Management Professionals, upgrade your credentials and increase your chances for career development globally!
  • Company executives, increase your organisation’s credibility: employ Certified Risk Management professionals!

More reasons to take the Certification at rimap-certified.org/benefits/

Exclusivity

FERMA Seminar 2016 offers risk managers the opportunity to be the first to complete the examination for the new European certification for risk managers rimap©.

Places are limited to a maximum of 30 candidates on a first come first served basis and for registered delegates meeting the application requirements (see below).

Registration deadline: Friday 16 September 2016

Benefits

The application fee for the rimap certification is included in the Seminar fee package of €150. There will be no additional charge.

GAIN FIRST CONTINUOUS PROFESSIONAL DEVELOPMENT POINTS

The Continuous Professional Development (CPD) process will be launched at the FERMA Seminar in Malta on 3-4 October.

Rimap Certification needs to be maintained annually through CPD points. Every year, rimap certified people need to gather 60 CPD points by participating in various activities that contribute to the development of the risk management profession such as conferences, seminars, association activities…

FERMA Seminar 2016 activities will entitle participants to gain a maximum of 30 CPD points.

More information on how to obtain CPD points at rimap-certified.org/benefits/maintaining-certification/

All participants in the FERMA seminar can start earning CPD points – i.e.  successful rimap candidates at the exam in Malta and all future rimap certified persons in the course of 2017.

CPD points are recorded electronically upon request made to FERMA.

Find out what activities will help you to maintain your rimap® certification here

 

rimap® contact person: Julien Bedhouche (julien.bedhouche@ferma.eu)

 

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REGISTER TO THE FERMA RISK MANAGEMENT SEMINAR 2016


Creating an international network in risk management education

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Marcus Feldt is Specialised Client Director for the Stockholm School of Economics

Through rimap®, FERMA is building the first network of risk management education providers and risk managers across Europe. Marcus Feldt of the Stockholm School of Economics Executive Programme explains the expectations for this new network.

The Risk Management Diploma offered by the Stockholm School of Economics (SSE) Executive Education is one of the
first six education programmes in risk management to receive accreditation from rimap.

Through rimap®, FERMA is building the first network of risk management education providers and risk
managers across Europe. Marcus Feldt of the Stockholm School of Economics Executive Programme explains the
expectations for this new network.

leading research body within finance, economics,general management and leadership. Our sub-brand IFU
specialises in insurance education, and SSE Executive Education believes this new network will provide a solid
framework for continued work on professional and academically relevant education within the risk
management area.

The network will contribute to a more coherent and improved basis of competence, where knowledge sharing and best practice occur between education bodies and FERMA. We expect this new relationship to raise the level of awareness and knowledge about risk management at every level in the public sector and business world.

Contribution to the development Our aim is to broaden our scope of courses to cover every significant aspect of risk management. That means traditional fields and fundamentals, but mainly new and topical subjects. The development of the risk management portfolio will have two drivers. One is the day-to-day work done by Executive Education/IFU in
creating courses and seminars in current risk management subjects, such as cyber risks, culture and governance. Second is cooperation through SWERMA with networking activities and discussions to remain relevant to its members and have an updated educational offering.

We have been working closely with SWERMA for more than five years and have a joint agenda in developing the whole risk management profession This applies not just to the role itself, but even more to awareness at top management and board level of the potential of risk management as a strong tool for developing companies, other organisations and, to a great extent, society.

In ten years
Our belief is that the risk management profession, or rather professions, will become more formalised in many areas, such as in financial services. A more precise specification of many risk roles will also occur, given new regulations
and authorities’ recommendations, as risk management organisations mature. From the enterprise risk management perspective, we believe there will be further integration and formalisation of organisational functions working
with risks within many organisations.

This will increase the scope for risk managers who will have to work more closely with other second line entities, as well as first line and business representatives. In this role, they will be not just highlighting compliance and
security issues but also driving business development and adding value to their organisations.

Thanks to this development, we believe that the profession will gain a higher acceptance and recognition
in many organisations, including from the board of directors and top management.


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’.

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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)

A Proud President: Jo Willaert

Jo-Willaert

Jo Willaert

Nine months have passed since I have switched from the position of Deputy President of FERMA to President, and I can say today that I am a proud President:

I am proud of what we have accomplished in that time, for which I thank my board colleagues and the FERMA staff for their support;

I am proud of taking part in the design and implementation of a new strategic plan for FERMA, about which you will learn more in the coming months;

And I am proud of our network, which is growing and becoming more influential for the benefit of the risk managers’ community.

 

Our themes for my presidency are LEADERSHIP – COMMUNICATION – EDUCATION, and I would like to pick out some of our achievements and plans under these headings.

When it comes to leadership, FERMA is the single recognised voice of European risk managers and, as such, its primary mission is to represent the interests of its member associations and their members to the European institutions. Lobbying activities, therefore, have been intensified to strengthen our political impact and promote the fundamental role of risk managers and the value of ERM methodology to EU institutions and other international organisations.

Our member associations are our reason for being. COMMUNICATION with them is absolutely essential for us to deliver tangible added-value. We also want more interaction between members and for members to become more involved in FERMA’s activities. Part of the way we are encouraging this is to enhance members’ feeling of belonging to a European network. We have produced a booklet about the network, which will be enriched over the coming months with more data and information. You can download it here.

I am proud of our certification project rimap®. We took the initiative, and we are leading a trend that is being followed worldwide. This is the evidence that we in FERMA and our associations are the pioneers of the professionalism in risk management. Rimap is a long journey, but it is paying off.

Having focused so much on EDUCATION in 2016, I can tell you that 2017 will be the year of LEADERSHIP. The 2017 FERMA Forum will be in Monte Carlo from 15-18 October, and we have already chosen as our theme ‘Risk Manager in Pole Position’.  It is an appropriate title for Monte Carlo, and for us, too, because it conveys images of risk, performance, anticipation, prevention, crisis management, team spirit and new technologies. The connection with the profession is self-evident.

 


Expert view: Creating an international network in risk management education

Through rimap®, FERMA is building the first network of risk management education providers and risk managers across Europe. Marcus Feldt of the Stockholm School of Economics Executive Programme explains the expectations for this new network.

“The Risk Management Diploma offered by the Stockholm School of Economics (SSE) Executive Education is one of the first six education programmes in risk management to receive accreditation from rimap.

SSE Executive Education

One of the first 6 rimap accredited education bodies in 2016

Founded in 1909, SSE is a leading research body within finance, economics, general management and leadership. Our sub-brand IFU specialises in insurance education, and SSE Executive Education believes this new network will provide a solid framework for continued work on professional and academically relevant education within the risk management area.

The network will contribute to a more coherent and improved basis of competence, where knowledge sharing and best practice occur between education bodies and FERMA. We expect this new relationship to raise the level of awareness and knowledge about risk management at every level in the public sector and business world.

Contribution to the development

Our aim is to broaden our scope of courses to cover every significant aspect of risk management. That means traditional fields and fundamentals, but mainly new and topical subjects. The development of the risk management portfolio will have two drivers. One is the day-to-day work done by Executive Education/IFU in creating courses and seminars in current risk management subjects, such as cyber risks, culture and governance. Second is cooperation through SWERMA with networking activities and discussions to remain relevant to its members and have an updated educational offering.

We have been working closely with SWERMA for more than five years and have a joint agenda in developing the whole risk management profession. This applies not just to the role itself, but even more to awareness at top management and board level of the potential of risk management as a strong tool for developing companies, other organisations and, to a great extent, society.

In ten years

Marcus Feldt

Marcus Feldt

Our belief is that the risk management profession, or rather professions, will become more formalised in many areas, such as in financial services. A more precise specification of many risk roles will also occur, given new regulations and authorities’ recommendations, as risk management organisations mature. From the enterprise risk management perspective, we believe there will be further integration and formalisation of organisational functions working with risks within many organisations.

This will increase the scope for risk managers who will have to work more closely with other second line entities, as well as first line and business representatives. In this role, they will be not just highlighting compliance and security issues but also driving business development and adding value to their organisations. Thanks to this development, we believe that the profession will gain a higher acceptance and recognition in many organisations, including from the board of directors and top management.”

Marcus Feldt is Specialised Client Director for the Stockholm School of Economics.


FERMA announces first accreditations for its certification programme, rimap®

The Federation of European Risk Management Associations (FERMA) has announced the first six education bodies to receive accreditation for its professional certification rimap®. Accredited education programmes in risk management, certification examination and continuing professional development are the corner stones of this new rimap® professional recognition programme for risk managers in Europe developed by FERMA.

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FERMA President Jo Willaert commented: “Education is one of the three priorities of my term as president. Having rimap® accredited education programmes is a building block in our long term initiative to place risk management firmly among the professions. I am delighted with the support we have received from the member associations who have worked closely with FERMA and the education bodies to achieve this first set of accreditations. Others will follow.”

The Chairman of the rimap® steering committee, FERMA board member Michel Dennery, added: “We believe we are at the beginning of a European network in risk management education. Beyond the need for increasing the skills and competences of risk managers, the FERMA rimap® initiative is now supported by the world of education.”

The six risk management programmes “rimap® accredited” are:

  • Belgium : ICHEC Formation Continue – Diplôme en Risk Management, supported by BELRIM

ICHEC_FC_4CBELRIM – Belgian Risk Management Association

 

 

 

 

  • Finland : University of Tampere – “Master’s Degree Programme in Business Studies – Specialization in Insurance and Risk Management”, supported by FINNRIMA

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  • Italy : ANRA – ALP (ANRA Learning Path), developed by ANRA

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  • Malta : University of Malta – “Bachelor of Commerce (Honours) in Insurance and Risk Management (B.Com. (Hons)”, supported by MARM

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  • Poland : POLRISK – “Certyfikowany Zawodowy Menedżer Ryzyka – Certified Professional Risk Manager”, developed by POLRISK

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  • Sweden : Stockholm School of Economics Executive Education – “Risk Management Diploma”, supported by SWERMA

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DEFINITIONS
Education Body: a provider of a risk management education programme. This is not limited to universities, business schools or higher schools. Any Education Body who offers specific risk management education can apply for a rimap© accreditation if it meets the requirements set by FERMA based on the “rimap© Body of Knowledge”.

Accreditation: process used to acknowledge that an education provider’s programme meets the risk management education requirements set by FERMA based on the “rimap© Body of Knowledge”. Who can apply for Accreditation: universities, higher schools and those who offer specific risk management education.


Environmental Liability Directive trainings on 18/19 June 2015 in Brussels

ELD Training Details

Click above for ELD training details

Thanks to the support of the European Commission, FERMA will organize on 18 and 19 June 2015 an ELD training in Brussels, provided by professional consultants (EFTEC and Stratus Consultants)

FERMA has now a long involvement working on the developments of the Environmental Liability Directive, attempting to convince the European legislator to not add up new financial and legal requirements to the European industries during the current review.

Since 2010, all EU countries have implemented the ELD into their national legislation. It means that your domestic environmental laws have been shaped by this European law as regards damages to biodiversity, water and soil and the ways to remediate them.

In case of environmental damage, it is therefore crucial for a risk manager to understand and be able to cooperate with local environmental protection authorities in judging if the ELD applies, in assessing and quantifying the damage and in planning a proportionate remediation.

Unfortunately, please note that for logistic reasons, seats are limited to 15 persons and will be granted on a first-come, first-served basis until Tuesday 16 June.

To receive the application form in word format please send an email to julien.bedhouche@ferma.eu or click here for the PDF version.


Diversity in the Risk Professions: everyone’s career is different

Everyone’s career is different, says former FERMA and BELRIM President Marie-Gemma Dequae. Marie has combined a successful career as an academic, risk manager, wife and mother with four children, and now non-executive director. “You have to consider where you come from, where you are and where you want to be in 5 to 10 years’ time. Do not look only inside your existing work environment, but into the broader world. There are lots of opportunities out there!”

Here are her tips for women in the risk professions. For the full story of Marie’s career see http://bit.ly/diversity-belgium Continue reading


Diversity in the risk professions – a view from France (full report)

Women often compose a large share of participants at risk management events – at sessions and workshops, as well as among the executives, advisers and sales personnel hosting the exhibitors’ stalls set up by the insurance industry.

It could give the impression gender diversity at least has been achieved in the risk industry. In several countries, including France, most of the people working in the sector are women. But if women are a majority among insurance workers, they still represent a minority among the industry’s leaders. Continue reading


Diversity in the Risk Professions – a view from Belgium

Marie-Gemma Dequae was President of BELRIM from 1994 to 2005 and President of FERMA from 2005 to 2009. She describes her career.

The first girl of six children in a Flemish family, Marie’s first dream was to become a diplomat, but her gifts were even more mathematical and so her studies turned in a quantitative direction. She went to KUL (Katholieke Universiteit Leuven) to study economics. “In my time girls were allowed to study, but were not expected to work afterwards and had to become family managers! My father allowed me only one year of study if I did not succeed. It just made me study harder and I got a higher degree which meant I could continue my studies.” Continue reading