Member Bulletin - end February 2021

28.02.2021

 

Member Bulletin                                                       25 February 2021

1- European Risk Management Awards 2021: launch of applications on 1st March

After a successful 2020 edition and a virtual ceremony that concluded the year, the 2021 European Risk Management Awards call for applications will be launched next Monday 1 March!  As in previous editions, national associations are encouraged to nominate high achieving members and worthy contributions. Applications are open until end of May. Make your nomination here to enter the Awards. 

Click here to remember what happened in 2020's edition.

 

Скругленный прямоугольник: Contact person: Véronique De Hertogh

 

2- Membership renewal: reminder  

As you may know, it's time to renew your FERMA membership and update your data for this year's Network Booklet before 5 March 2021. We will send you a reminder by email with the official letter and the necessary documents to be completed. Please do not forget to load your latest logo in high definition and to share upcoming events in the calendar file. If you have any questions, please contact laetitia.fung@ferma.eu.

 

Скругленный прямоугольник: Contact person: Laetitia Fung

3- What's new in our Advocacy work? 

·         Systemic Risks Update  – On February 12, EIOPA published its long-awaited staff paper on measures to improve the insurability of business interruption risk in light of pandemics (here). Our contribution to the Exploratory Group was acknowledged in the paper, and our COVID-19 survey was referenced too, underlining the importance of our proactive contribution. EIOPA seeks input on the paper by the end-of March.
 

·         Sustainability Update – Monday 8 February, FERMA submitted its response to the European Commission’s public consultation on a proposed initiative on sustainable corporate governance (here). FERMA has called upon the Commission to pay more attention to the role risk management can play on the topic of sustainability. This response was driven by FERMA’s sustainability committee.
In parallel, the Sustainability Committee is developing a guidelines document for risk managers on the topic of sustainability. This will be launched at our forthcoming webinar on sustainability in the week beginning 29 March, date still  to be confirmed.
 

·         Digital Update – FERMA continues to work on digital topics with two projects in the pipeline:
1) we will be looking further into the cyber insurance market, and a position paper will be provided to you in the coming weeks
2) we will work on a project on the theme of teleworking and the related risks. For this project, we would welcome any material that you have worked on in this area. Please contact Charles.low@ferma.eu for more details.
 

·         Insurance & Captives Update – Thursday 11 March from 14h00-16h00 , FERMA’s Captives Committee will hold a discussion on the Solvency II review and captives more broadly with EIOPA. We are extending the invitation to members given the high interest in the topic. You will receive a specific invitation by email in the coming days to register. Meanwhile, you can already save the date.
As a reminder, FERMA submitted a response to the public consultation on Solvency II in October last year (here) and the European Commission is due to present its proposal to review and update S2 by end-Q3 this year. This is a great opportunity to exchange with the industry supervisor.
Please contact Charles.low@ferma.eu for more details.

 

Скругленный прямоугольник: Contact person: Charles Low

 

4- Join our advanced rimap workshop 

FERMA is launching an advanced rimap workshop for senior Rimap alumni on 23 March. This first edition will look into the strategic management of a cyber-attack and will introduce the two latest Rimap certification books :”Modelling finance, risk communication, monitoring and review” and “Specific risk management tools and topics trend in risk management”.  Presidents of national association are welcome to join the pilot edition and share their feedback.  For more details and to register, click here.

 

Скругленный прямоугольник: Contact person: Véronique De Hertogh

5- Save the date for our Global Risks and Resilience webinar: 17 March from 16:00-17:00 CET  

This FERMA webinar will show how organisations can use The Global Risks Report 2021 as the basis for strengthening enterprise-wide resilience.  The format will be as follows: 

·         Presentation: key findings of the report, highlighting digital, sustainability and human risks.

·         Panel discussion: building resilience. What can/should companies do based on the lessons from COVID19? What roles are there for risk managers, brokers and insurers?

Stay tuned for more details next week.  Register here.

 

Скругленный прямоугольник: Contact person: Laetitia Fung



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