FERMA’s Benchmarking Risk Management Survey a Success

The Federation of European Risk Management Associations (FERMA) noted that over 460 risk managers across Europe have responded to its 2006 benchmarking survey, conducted in co-operation with Ernst & Young and AXA Corporate Solutions.

“Toluna, an independent, online market research company, has collected the replies and is now analyzing the results, which will be announced at the FERMA seminar on 11 October in Brussels,” said the announcement.

It also noted that “Risk management in a changing environment” will be the theme of FERMA’s 2006 seminar. It is open only to risk manager members of the national associations who make up FERMA and the individual members from countries who do not yet have a national association.

Topics to be examined include:
— Change in the positioning of risk management and its relationship to corporate governance
— The impact of new regulations, links between risk management and internal control, internal audit
— Mergers and acquisitions and new solutions to the risk management and insurance issues they create.
— Contract certainty, broker remuneration and competition in the insurance industry
— Globalization: new cultures, new territories

The seminar, an event which takes place in alternate years from the more extensive FERMA Forum, will also be the occasion of the launch of Prorim, the risk management training course for small and medium sized (SMEs) organizations created by FERMA with the co-operation of members and academic institutions from France, Germany, Italy and the United Kingdom. It is already attracting a lot of interest, especially from Eastern Europe.