Ferma launches 2014 benchmark survey

The survey opened to risk and insurance managers across Europe on Tuesday. Ferma is encouraging its members to take part in order to enable it to deliver the most indepth look at key issues facing the risk management profession today. The latest biennial survey aims to be more quantitative and practical than previous editions and allow European risk managers to benchmark their activities against peers from across the continent. The survey will ask risk and insurance managers for their views on: The most significant risks facing businesses today The cost of risk, including insurance, risk consulting costs and broker remuneration The relationships between risk management and other internal functions of the organisation Risk management and corporate performance The identification and insurability of emerging risks such as cyber risks, environmental liabilities and supply chain exposures EU hot topics and their impacts for company governance and insurance markets. hideThe results will form the basis of the first Ferma European Risk and Insurance Report to be published at the federation's seminar in Brussels on 20 October, 2014. An independent research company, Toluna, will collect the responses and compile the results. Cristina Martinez, Ferma board member and head of the survey project group, said on this year's benchmarking survey: "Our intention is to create a reference work for risk and insurance managers throughout Europe that will also provide a tangible basis for reporting to senior management on risk management. This seventh edition of the Ferma Benchmarking Survey will be more quantitative and practical than previous versions of the survey and provide more benchmarks for comparison, including with the results of surveys conducted by national associations." Ferma president Julia Graham added: "Our members have activities in a number of European countries, so being able to benchmark themselves at European level will be invaluable." She encouraged participation by Ferma members to ensure that the results are truly representative of the views of risk and insurance managers across Europe. Airmic chairman, Chris McGloin, said Ferma has worked with his and other member associations to ensure that the survey results will be a valuable tool for risk managers. "I have urged Airmic members to take part. The more responses we gather, the more useful the survey will be for us," said Mr McGloin. According to Ferma vice president and Anra board member, Alessando De Felice, making the survey more quantitative will add to its practical uses. "This way, we will be able to produce results that will have a lasting value for individual risk managers as well as national associations that are part of Ferma. The evidence that the report will highlight will be a starting point for further analysis and will form a solid basis for future reports, to analyse how the situation evolves over time and in the different countries where risk managers operate," he said. Ferma association members will receive an invitation to participate in the survey with a link to the questionnaire. Anyone that would like to take part but does not receive an invitation can contact Christel Jaumoulle at christel.jaumoulle@ferma.eu giving their first and last name, business title, company, country and email address. As well as its member associations, Ferma has worked extensively with five commercial partners to deliver the survey. These are AXA Corporate Solutions, EY, Marsh, XL Group and Zurich.

Ferma launches 2014 benchmark survey

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