Tag Archives : Legal Framework

FERMA proposes modifications to Brazilian reinsurance regulations in the interest of business and insurance buyers

The Federation of European Risk Management Associations (FERMA) has sent specific recommendations to the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market capacity and security in the interest of business and insurance buyers. FERMA’s action follows an offer from SUSEP to open discussion with critics of the regulations which went into effect earlier this year. Continue reading


Shaping up for tomorrow in Stockholm – The 2011 FERMA Risk Forum

Shaping up for tomorrow in Stockholm – The 2011 FERMA Risk Forum: Jorge Luzzi, Josef Ackermann, Magnus Lindkvist .. and more! Continue reading


No more EU corporate governance rules needed now, say European risk managers

No more EU corporate governance rules needed now, say European risk managers. The Federation of European Risk Management Associations (FERMA) has told the European Commission that it should start with “implementation and robust enforcement” of existing EU corporate governance rules on risk management, rather than creating new ones now. This comment is contained in FERMA’s response, released today, to the consultative green paper on corporate governance framework produced by Commission staff. Continue reading


FERMA’s response to the consultation document “Towards a Coherent European Approach to Collective Redress”

FERMA response to the consultation document Towards a Coherent European Approach to Collective Redress. Continue reading


Brazilian reinsurance regulations have improved but still need to be better

The International Federation of Risk and Insurance Management Associations (IFRIMA) welcomes the flexibility and understanding of the Brazilian government in responding to the world-wide concern about its new reinsurance regulations. At the same time, IFRIMA, which represents commercial insurance buyers from across the world, believes that more needs to be done to limit the negative impact on insurance capacity and cost. Continue reading


Brazil: A step in the right direction – more are needed

The Federation of European Risk Management Associations (FERMA) has welcomed as a good first step the response of the Brazilian government to complaints and concerns from
corporate insurance buyers and national and international reinsurance markets about restrictive executive orders rolling back liberalisation of the market. Continue reading


FERMA confirms need to include large risks within the scope of the revised Insurance Mediation Directive

The revised European Insurance Mediation Directive (IMD) should incorporate binding standards of transparency for brokers in their relationship with insurance buyers no matter what size the risks. This is the response of the Federation of European Risk Management Associations (FERMA) to the consultation on the revision of the IMD launched by the Internal Market and Services
Directorate General of the European Commission. FERMA’s 19 member associations represent over 4 000 corporate buyers of commercial insurance in 17 European countries. Continue reading