FERMA: Member Bulletin - July 2018


Check out what's new at FERMA this month!



July 2018

Check out what's new at FERMA this month!

1- +700 responses for the 2018 European Risk Management Survey

Thanks to your efforts, we have reached a total of 736 responses for the 2018 European Risk Management Survey! We truly appreciate your continuous support in this project, which will allow to provide a mature benchmark of the profession and its practices across Europe. We will analyse the results with PwC over the summer and you will be contacted by mid-August to share your input about your local results for the country fiches.


Click here to see the final results per country

 Contact person: Laetitia Fung

2- Solvency 2 review: consultation on captives and local regulators

Earlier this month, FERMA launched a consultation among its member associations on the status of the discussion on captives under Solvency II with local regulators, especially the application of the proportionality principle with regard to reporting, governance, capital requirements and group supervision.

You will find here the first responses collected from the members of the FERMA working group on captives. Let us know if your association has local feedback to share which could be added to the paper. We will then arrange an interview with your representative.


Contact person: Julien Bedhouche

3- Pilot project with the OECD on measuring digital risk management on track

Thanks to the support of 13 volunteering risk management associations, the OECD and FERMA have launched a joint pilot survey to develop a statistical tool to measure the maturity of digital risk management in businesses across countries. The survey will be opened until the end of September with the initial results presented by the OECD at the FERMA seminar on 9 October.


Contact person: Julien Bedhouche

4- A continuing voice for the corporate insurance buying community at EU level

FERMA will continue to represents corporate insurance buyers among EIOPA stakeholders with the appointment of Typhaine Beaupérin, FERMA CEO, for a 2 ½ year term as a member of the Insurance and Reinsurance Stakeholder Group (IRSG) of the European insurance authority EIOPA. FERMA is the only representative of the corporate insurance buying community on the stakeholder group. Typhaine succeeds former FERMA President Marie-Gemma Dequae who served two terms.


Contact person: Typhaine Beaupérin

5- CSR reporting to become a genuine business process, says FERMA to the European Commission

On 21 July, FERMA submitted a response to the European Commission public consultation: Fitness check on the EU framework for public reporting by companies. One of the key message delivered is that reporting of non-financial matters such as environmental and social performance by companies should become a business process and that the reporting of risks connected with non-financial elements should be aligned with the organisation’s objectives. Member states’ implementation of the Non-Financial Reporting Directive will be discussed at the FERMA Seminar in Antwerp from 8-9 October 2018 along with the use of risk mapping for Corporate social responsibility (CSR) matters.


Contact person: Julien Bedhouche

6- How can you get involved in the 2018 European Risk Management Awards?

The European Risk Management Awards continue to seek out and recognise innovation and excellence. This year, you are free to either nominate your members on their behalf or, encourage them to self-nominate. Just to remind you that the closing date for entries is 22nd August. There are five categories open for Risk and Insurance Managers:


·     Risk Manager of the Year

·     Rising Star of the Year

·     Innovative Insurance Programme of the Year

·     Emerging Risk Initiative of the Year

·     Lifetime Achievement


The Awards ceremony and gala dinner will take place at the Docks Dome in Brussels on 21st of November 2018.


For more information: http://www.commercialriskonline.com/awards/awards2018/

 Contact person: Veronique De Hertogh

Enjoy your summer break and we will be back in September!

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