FERMA: Launch announced of most extensive European risk management research

16 April 2012

The Federation of European Risk Management Associations (FERMA) has launched its 2012 FERMA Benchmarking Survey, the most extensive research on risk management and risk managers in Europe and their views of the insurance market.

The survey has three principal objectives:

1. To find out the status and level of influence of risk management in businesses today, and get a better understanding of what stakeholders expect of risk management in the current financial and economic environment.
2. To examine risk managers’ views of the insurance market and expectations of their insurers.
3. To assess the added value of enterprise risk management (ERM) and new regulations for risk and corporate governance, especially the 8th European Company Law Directive.

Cristina Martinez, FERMA board member with responsibility for the survey, commented: “The FERMA Benchmarking Survey is the most significant study of risk management in Europe today. It is the only one organised by risk managers and the only one that focuses on risk management day to day."

This year, the survey has been redesigned to make it quicker to answer and even more effective to use with fewer, more concisely worded questions.

FERMA has chosen as the title this year: 'Spotlight on Risk Management in Your Company: Show the Value!' As before, FERMA, AXA Corporate Solutions and Ernst & Young are encouraging all professionals with an interest in the management of risk within their organisation to reply. This means not just FERMA members, but their bosses and colleagues in functions like internal audit and treasury are invited to take part.

“The value of the survey largely depends on the numbers who respond. All risk managers and managers with an interest in risk should be part of this exciting project”, says Cristina Martinez.

Full information

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