European organisations need to improve management of top risks

Risk management is developing into a strategic function within European organisations. At the same time, risk management can contribute much more as its strategic role grows. Currently, risk managers are not satisfied with the level of mitigation for six of the top 10 risks “that keep their CEO awake at night”.

These are key findings from the 2014 Risk Management Benchmarking Survey conducted earlier this year by the Federation of European Risk Management Associations (FERMA). Now its 7th edition, the FERMA Benchmarking Survey this year received a record number of 850 responses from 21 European countries.

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Views sought on ISO certification

The International Federation of Insurance and Risk Management Associations (IFRIMA) would like the views of FERMA members on whether certification for ISO 31000 should be introduced. This follows a discussion by the IFRIMA board held during the annual conference of the Risk and Insurance Management Society (RIMS) in Philadelphia in April. Of 10 regional and …

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Many companies do not give sufficient attention to cyber risks – survey

FERMA – January 30, 2013 Many companies still do not devote sufficient attention to cyber risks, despite an increase in frequency, scope, and sophistication – and harsher penalties for lack of regulatory compliance and loss of sensitive data. This finding comes from research conducted in association with the Federation of European Risk Management Associations (FERMA) …

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Risk management is linked to better corporate performance, FERMA survey finds

FERMA – October 22, 2012 Maturity of risk management processes is correlated with sustainable improvements in corporate performance, the 2012 Risk Management Benchmarking Survey of the Federation of European Risk Management Associations (FERMA) has revealed. The results of the survey, conducted in cooperation with AXA Corporate Solutions and Ernst & Young, were announced today (Mon) …

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