European organisations need to improve management of top risks

— 11/25/2014 — ifrima — Europe, Risk Management

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.

FERMA and ECIIA respond to corporate transparency requirements with launch of new guidance document

— 11/25/2014 — ifrima — Europe, Risk Management

The Federation of European Risk Management Associations (FERMA) and the European Confederation of Institutes of Internal Auditing (ECIIA) have responded to increased EU requirements for more corporate transparency with a new joint guidance document on the 8th Company Law Directive launched today at the FERMA Seminar.

FERMA is 40!

— 11/21/2014 — ifrima — Europe

For it forty years of existence, FERMA has published a brochure retracing the story of the federation through its presidents since the beginning and sets out the developing work of FERMA to support risk management and risk managers in Europe today and in the future.

FERMA chooses new board members

— 11/07/2013 — ifrima — Europe, IFRIMA Members

June 2012 The Federation of European Risk Management Associations (FERMA) has elected three board members for new three year terms. The board members are Vice President Michel Dennery who was re-elected for a further three years. Alessando De Felice whose appointment as a board member earlier this year was confirmed. A new board member, Jo …

Views sought on ISO certification

— 11/07/2013 — ifrima — IFRIMA, Risk Management

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 …

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

— 01/30/2013 — ifrima — Risk Management

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) …

Plan for European certification of risk managers by Sept 2013, FERMA says

— 10/25/2012 — ifrima — Europe

FERMA – October 25, 2012 The Federation of European Risk Management Associations (FERMA) intends to announce a definite plan for the European certification of risk managers when it holds its next major event, the FERMA Risk Management Forum starting on 29 September 2013. FERMA first revealed in June 2012 that it was considering a certification …

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

— 10/22/2012 — ifrima — Europe, Risk Management

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) …

IFRIMA

International Federation of Risk and Insurance Management Associations

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