Airmic seeks to deliver tomorrow’s risk leaders

Airmic seeks to deliver tomorrow’s risk leaders

Airmic seeks to deliver tomorrow’s risk leaders

Airmic has launched its 2018/19 Risk Leadership Programme that aims to turn today’s senior risk professionals into tomorrow’s risk leaders. This follows the successful launch of the first Risk Leadership Programme this September. The programme is aimed at risk managers on the cusp of leadership roles, who want to take the next step in their career. It is entirely focused…

Ferma concerned that buyers’ view missing from EU cyber insurance report

Ferma concerned that buyers’ view missing from EU cyber insurance report

Ferma concerned that buyers’ view missing from EU cyber insurance report

Ferma has welcomed the publication of an EU report on standardising various aspects of cyber insurance, but “regrets” that the voice of buyers is not represented, with evidence gathered only from the insurance industry. In particular, Ferma is concerned that the Commonality of Risk Assessment Language in Cyber Insurance report by the European Union Agency for Network and Information Security…

ENISA calls for standardisation of cyber insurance

ENISA calls for standardisation of cyber insurance

ENISA calls for standardisation of cyber insurance

The European Union Agency for Network and Information Security (ENISA) has called on the insurance industry and policymakers to standardise cyber insurance coverage, language and risk assessments, in a major new report. In its report published on Wednesday (15 Nov), the EU’s cybersecurity agency makes several recommendations for policymakers and insurers, aimed at harmonising cyber insurance in a bid to…

NFIP reauthorisation to 2022 passed by House of Representatives

NFIP reauthorisation to 2022 passed by House of Representatives

NFIP reauthorisation to 2022 passed by House of Representatives

Risk management society RIMS has called on the US Senate to follow the lead of the House of Representatives this week and reauthorise the National Flood Insurance Program (NFIP) before it expires on 8 December. Reauthorisation under the proposed House bill would extend the NFIP until 2022. Welcoming the decision by the House of Representatives on Tuesday, RIMS vice-president Robert…

RIMS survey finds ERM on the rise

RIMS survey finds ERM on the rise

RIMS survey finds ERM on the rise

Three quarters (73%) of global RIMS member companies have either fully or partially integrated enterprise risk management (ERM) programmes, up from half of companies in 2013, according to the association’s 2017 ERM Benchmark Survey. But only a quarter have fully implemented ERM programmes. The financial sector reported higher than average integration of ERM systems at 92%, which RIMS said follows…

Eberhard Faller wins European Risk Manager of the Year

Eberhard Faller wins European Risk Manager of the Year

Eberhard Faller wins European Risk Manager of the Year

Eberhard Faller, senior vice-president of central insurances at BASF, was named European Risk Manager of the Year at a gala dinner in London last night. He took the leading prize on an evening when winners of the other Excellence in Risk Management categories were announced, along with those from the Excellence in Customer Services and Individual Achievement shortlists. Mr Faller,…

Risk managers welcome EC moves to boost cybersecurity and data flow

Risk managers welcome EC moves to boost cybersecurity and data flow

Risk managers welcome EC moves to boost cybersecurity and data flow

Ferma and leading member associations have welcomed wide-ranging measures proposed by the European Commission (EC) to beef up cybersecurity in the EU and facilitate free flow of non-personal data across the bloc to create a digital single market. The cybersecurity proposals include a stronger EU Cybersecurity Agency, a new European certification scheme to ensure products and services are secure in…

Leading risk associations to work towards mutual certification recognition

Leading risk associations to work towards mutual certification recognition

Leading risk associations to work towards mutual certification recognition

Five of the world biggest risk management associations – Ferma, Rims, Alarys, Parima and Irmsa – have signed a letter of intent to work towards mutual recognition of their respective risk management certification or designation programmes. The work will begin by seeking to ensure risk managers can secure continuous professional development (CPD) points for attending each of the association’s events.…

Ferma campaign to defend captives forges ahead

Ferma campaign to defend captives forges ahead

Ferma campaign to defend captives forges ahead

The organisation for Economic Co-operation and Development’s (OECD) project to tackle base erosion and profit shifting (BEPS) is a major concern to many risk and insurance managers with captives, but Ferma’s campaign to dispel misperceptions about captive insurance companies is making progress. The OECD’s aim of stamping out the worst excesses of corporate tax avoidance is laudable, but it was…

Business travel risk rises

Business travel risk rises

Business travel risk rises

Business travel risks are increasing and becoming more complex, with a bigger role for risk managers in mitigating the threat, according to a new report and survey from Ferma. According to the survey of more than 377 risk managers, 67% of the respondents believe their organisation’s exposure to health, safety and security risks linked to workers’ mobility has increased in…

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