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FERMA Newsletter 58 (Table of Contents)

FERMA Newsletter 58 (March 2014)
Download Newsletter 58
March 2014

Table of Contents

The Benchmarking Survey 2014 starts on 22 April in 20 European countries

In association with its 22 national association members in 20 countries, FERMA will on 22 April launch the 2014 FERMA Risk Management Benchmarking Survey.
To create it, FERMA has worked extensively with its member associations plus five commercial partners: AXA Corporate Solutions, Ernst & Young, Marsh, XL Group and Zurich. Based on this collaboration, the survey will ask risk and insurance managers for their views on: Continue reading

Members help to shape the 2014 FERMA Seminar programme

Feedback from members is helping to shape the programme for the FERMA Seminar on 20 and 21 October in Brussels, much as associations have had a big voice in the content of the 2014 FERMA Risk Management Benchmarking Survey. There will be more discussions and fewer presentations from the platform. The focus will be on giving members an opportunity to raise their voices, influence ideas and put their questions. Two round table discussions will bring the process together. Continue reading

Investing in our profession – leadership and diversity in Europe

At the FERMA Forum in 2013 when I had the honour to accept the position of President of FERMA, I gave a commitment to invest some of my time and energy into developing and driving forward a FERMA “diversity agenda” and as part of this, gender diversity.

The FERMA board has now agreed a project with the objective to build and promote a FERMA diversity strategy, that is rich in value, but light on administration. Although we are focussing initially on gender, a number of the components of the project can equally apply to diversity more generally. Continue reading

Political action committees created to strengthen FERMA’s voice

FERMA has established political action committees to strengthen FERMA’s voice on public policy issues and to promote and maintain relationships with European regulators. So far, there are six such committees covering environmental liability, disaster insurance, corporate governance, IMD2, Solvency 2 and captives, and cybersecurity. Continue reading

Corporate governance for non-corporates

FERMA’s scientific adviser Marie-Gemma Dequae and executive director Florence Bindelle spoke to the European Society of Association Executives (ESAE) in Brussels on 14 March on the subject of suitable governance models for associations and how they fit into the current legal and administrative framework in Europe. Continue reading

Letter from Brussels

In a context where risk management is one of the major responsibilities of executive management, identification of opportunities, risk evaluation and preparation for the occurrence of these risks have become key activities for preparing a business for the future. Continue reading

FERMA-Lloyd’s new programme starts

The second edition of the FERMA-Lloyd’s programme will get underway on Thursday 24 April with two days of sessions on the operation of Lloyd’s and the London insurance market. The participants will get time in the underwriting room at Lloyd’s shadowing an underwriter and a broker, and they will have lunch on Friday 25 April with Lloyd’s new CEO, Inga Beale. Continue reading

Expert Views

The European insurance industry has, from the outset, strongly supported Solvency II. Insurers back its ambition to ensure high levels of policyholder protection and encourage good risk management through sophisticated measurement of risks and risk mitigation. Unfortunately, it has taken rather longer and proved rather harder than originally hoped to achieve those goals. Continue reading

What role for the risk managers in the increasing trend for greater financial transparency?

For over a year now, there has been a strong political will to increase greatly transparency over corporate financial transactions. We mentioned this in an article last November that can be seen here.

Several amendments from members of the European Parliament (MEPs) requesting the introduction of some country by country reporting provisions have been added to the original proposal from the European Commission on non-financial reporting (environmental, social and employee matters) for large companies. Continue reading