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FERMA Newsletter 59 (Table of content)

FERMA Newsletter 59 (May 2014)
Download Newsletter 59
May 2014

Table of Contents

Prizes await Benchmarking Survey respondents and associations

The 2014 FERMA Benchmarking Survey got off to a great start immediately after the Easter holiday with a launch in all 20 FERMA member countries. Within a week there were nearly 400 responses, and this year FERMA is offering some special incentives to encourage participation: Continue reading

Attend the Seminar… be an influencer

Registration is now open for the 2014 FERMA Seminar. The event, taking place in Brussels on 20 and 21 October, is the highlight of FERMA’s calendar for 2014, especially because it will also celebrate FERMA’s 40th anniversary with a gala dinner. Both the Seminar and the dinner are free for members of FERMA associations. Continue reading

Climate change: the risks of doing too much or not enough

Jesper Theilgaard is a familiar face in Denmark and increasingly in other parts of Europe. By background, he is a meteorologist and worked for the Danish national weather service. But as weather science started to get more model-oriented, he decided it was not as enjoyable as before, and in 1990 he became a television weatherman. “That I enjoyed a lot,” he said. Today, however, he is less often in front of the cameras with the forecast, but more as a commentator on the climate, and that is what he will be discussing at the FERMA Seminar. Continue reading

Letter from Brussels

It has been an eventful two months for FERMA! A FERMA team attended RIMS conference in Denver in April. It was a great occasion for both President Julia Graham and me to meet our counterparts at RIMS and at global level. You will find my
report also in this newsletter. In addition at RIMS, I attended a public affairs presentation and met with Nathan Bacchus RIMS Head of Government Affairs. As businesses are global and operate in a competitive environment, we might see issues on which we could capitalise and benefit by sharing actions led by our organisations that further support the profession. One issue we discussed was fear of the non-renewal at the end of 2014 of the Terrorism Risk Insurance Act (TRIA),under which the US government provides catastrophe level reinsurance in the event of a terrorist attack. Continue reading

Professional development diary – the FERMA-Lloyd’s course

Per Kühn is risk and compliance manager for the Danish company B&K Vibro, which produces safety and condition monitoring systems for rotating machinery, and a member of DARIM. Here is his diary for the first session of the 2014-2015 FERMALloyd’s professional development programme which took place on 24 and 25 April at Lloyd’s. Continue reading

Roads to revision – ISO 31000

An ISO working group, hosted at the offices of law firm DLA Piper in London, has put forward proposals for limited revision of the enterprise risk management standard ISO 31000 and an update to the language guide which accompanies it, Guide 73. Their recommendations will go forward to the next meeting of the ISO 31000 technical committee and the working group, which will take place in Istanbul in September. The aim is to have the new documents available before the end of 2016. Continue reading

FERMA goes to RIMS

A team from FERMA attended the Rims conference in Denver in April. The traditional gathering of representatives of
the International Federation of Risk and Insurance Management Associations (IFRIMA) on Saturday evening was a good
occasion for both President Julia Graham and Executive Director Florence Bindelle to meet their counterparts from RIMS and at global level. Sunday, FERMA joined the 2nd working group meeting to discuss the framework of risk management education. Continue reading

Expert Views

A role for the risk manager in corporate transparency
This directive amends the Accounting Directive, and it will become law following the expected adoption by the European Council in the next few weeks. Most quoted companies already publish a corporate social responsibility (CSR) report that covers many of the topics to be disclosed, but this directive makes disclosure mandatory and it extends this requirement to all companies and groups with more than 500 employees, and insurance companies and banks. The EU estimates it will affect about 6000 enterprises in total. Continue reading

FERMA participation at the 3rd Network & Information Security Platform plenary

Launched in February 2013 by the Cybersecurity Strategy of the European Union, the public-private Platform on Network and Information Security (NIS) is looking to develop secure and effective risk management practices for information and
communication technology. Continue reading