FERMA Newsletter N°48




Newsletter N°48

              July 2012

Welcome to Versailles 

As a member of AMRAE, the French risk management association, FERMA Vice President Michel Dennery is delighted to welcome members to one of France's most celebrated sites, Versailles. The name Versailles is associated with a glittering royal palace with its Hall of Mirrors; many visitors do not realise that the city with its lovely avenues lined with magnificent plane trees was designed at the same time as a sumptuous setting for the palace. 

Louis XIV, known as the Sun King, took what had been a modest royal hunting large, enlarged it for pleasure and had the grounds transformed. He settled there with his entire court in 1682, and this large, new population inevitably required a substantial infrastructure. Despite this royal grandeur, the municipality created in 1787 succeeded in preserving Versailles' heritage from destruction during the Revolution and after.

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Enthusiastic registration for 2012 Seminar 

With more than three months to go to the 2012 Seminar, FERMA had already received more than 180 registrations and the number is expected to rise substantially between now and the event on 22 and 23 October. This year is already remarkable for the wide geographic spread of risk managers attending; one comes from the Falkland Islands in the South Atlantic and another from Jamaica.


Not surprisingly, the largest number of registrations so far comes from FERMA's large French member association AMRAE, but ANRA, Airmic, BELRIM, and NARIM are also well represented.

The seminar is an exclusive event for risk managers with the exception only of a small number of sponsor service providers. The heart of the programme is the announcement and discussion of the results of the biannual FERMA Benchmarking Survey.  


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Around the associations



The 23rd annual AGERS Congress took place on 30 May in Madrid, opened by the president of the Spanish insurance and reinsurance association, UNESPA, Pilar Gonález de Frutos. It brought together risk managers from telecommunications, energy, financial services, food and hospitality, distribution and logistics, among other industries.


Read more about the FERMA member associations in the Newsletter

Healthy response to 2012 Benchmarking Survey

The FERMA 2012 Benchmarking Survey closed on 20 June with a healthy response which exceeded all previous surveys. Between now and the seminar on 22 October, FERMA and sponsors AXA Corporate Solutions and Ernst & Young will be preparing a report based on the findings.

According to Cristina Martinez, FERMA board member with responsibility for the survey, "This report will be a valuable source of information for companies across Europe. They will be able to compare the maturity of their risk management policies and processes against others in their own business sector and in other countries. I am really looking forward to seeing the results."

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FERMA launches pan-European risk management certification project

FERMA has launched an ambitious project to consider the creation of a pan-European certificate of professional competence for risk managers. A working group led by three FERMA board members, Vice Presidents Michel Dennery and Julia Graham, and Igor Mikhaylov, is now developing a plan for presentation to the 2012 FERMA Seminar in Versailles on 22-23 October. 

FERMA chooses new board members

FERMA at the general assembly has elected three board members for new three year terms, and one new substitute. 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 Willaert who is also a board member of the Belgian risk management association BELRIM.

Russians welcome FERMA President 


The Russian risk management society RusRisk held a business breakfast with the President of FERMA, Jorge Luzzi at the offices of Deloitte CIS in Moscow. More than 30 people from the risk management community took part, among them representatives of large industrial and energy companies and cellular phone operators, national and international insurers, universities and consultants. Jorge described FERMA and explained its main objectives in a discussion session which included questions about the interaction of risk management and internal audit in the industrial companies. Jorge presented FERMA's important initiative on the certification of risk managers. 


Death of former AGERS President

The Federation of European Risk Management Associations (FERMA) is sorry to report the death of Eduardo Romero, former member of the FERMA board, president of the Spanish risk management association AGERS from 1999-2003 and former risk manager of the Grupo Dragados. 


 Letter from Brussels


The passage of European legislation is not fast moving - but at the same time it requires consistent attention to get the views of FERMA's members to the right people at the right time. 

For example, we are waiting for the results of interviews that Ernst & Young is currently conducting on behalf of the European Commission on reinsurance pools and the subscription market. This is part of the Commission's review of the insurance block exemption regulation (BER), the current version of which is not due to expire until 2017.  

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Change of FERMA staff

Christel Jaumoulle has joined FERMA as project assistant to succeed Silke Huber. She will be working with Florence Bindelle on many of FERMA's growing number of projects.

After a baccalaureat in political sciences, Christel took a master's degree in political sciences, international relations, and followed with studies in international trade. She has studied in the United States and Poland and did a business internship in China. In addition to fluent English, Christel speaks Flemish and Mandarin.

She said: "I am delighted to be working with an organisation that is so international and that is also at the heart of the European Union in Brussels. I look forward to meeting many FERMA members especially at the seminar in October." 

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Looking back and looking forward

FERMA President Jorge Luzzi looked back at FERMA's accomplishments over the past year and set out his objectives for FERMA this year in his address to the general assembly held on 3 June in Brussels.  

Two new members joined FERMA in 2011. They are MARM from Malta and PRiM from Luxembourg. They brought the total number of members to 22 representing 20 different countries. Altogether these associations represent more than 4500 individual members over Europe.  

Read the full report in the Newsletter



 Awareness of national environmental damage legislation is low


Many companies are unaware of how the European Environmental Liability Directive (ELD) will affect them in the countries where they operate, a small survey by FERMA indicates. It found that of 68 responses, only 56 percent said that they knew how the ELD had been transposed into national law. Ninety-five percent of the responses came from companies with a turnover of more than €50mn.




© Copyright 2012 FERMA. All Rights Reserved. No distribution or reproduction of this issue or any portion thereof is allowed without our written permission except by the recipient for internal use only within the recipient's own organisation.


This Newsletter is produced by FERMA. If you have any questions concerning this Newsletter, please contact Florence Bindelle at FERMA on +32 2 761 94 32 - email: florence.bindelle@ferma.eu  


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