Plenary Session on 20 September with Julia Graham, Kadidja Sinz(XL Group) and Sebastien Rimber (EY)

1. BRUSSELS, 20-21 October
www.ferma.eu
The Voice of European
Risk and Insurance
Managers
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European Risk and Insurance Report

2. BRUSSELS, 20-21 October
www.ferma.eu
Introduction
 The journey
 Another survey
 But not just any survey!
 The report is new
 The report will add value and contribute to our profession
 Today's objectives
 Introductions
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3. BRUSSELS, 20-21 October
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The Old European Risk Manager
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4. BRUSSELS, 20-21 October
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The Old European Risk Manager
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5. BRUSSELS, 20-21 October
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The Risk Manager
Profile
• Strategist
• Advisor
• Leader
Professional
• Knowledge
• Skills
• Current
• Ethical
Programme
• Embedded
• Sustainable What does the risk manager
look like in Europe?
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6. BRUSSELS, 20-21 October
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The Modern European Risk Manager
Typical profile
Gender
Age
Team dynamic
Central v local
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7. BRUSSELS, 20-21 October
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The Modern European Risk Manager
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8. BRUSSELS, 20-21 October
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Maturity of EU Risk Management
practices
Sebastien RIMBERT
Senior Manager
EY Advisory France
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9. BRUSSELS, 20-21 October
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Some grounds for satisfaction
 A reporting at Top Management / Board level:
=> 84% of Risk management functions
=> 78% of Insurance management functions
 … and a strong interaction with the Top Management / Board
=> 48% of Risk Managers present RM activities several times a year
Top 3 reporting
lines
RM function IM function
CFO 22% 31%
Board of Directors 18% 12%
CEO 17% 12%
 A widespread use of risk mapping

10. BRUSSELS, 20-21 October
www.ferma.eu
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Some areas of improvement
 Better integrate Risk Management in the decision making process
 Improve relationships with key functions : strategy, investments, IT
(projects), HR, CSR
 Improve use of IT/GRC tools
Use of IT/GRC tool
Risk quantification 43%
Risk mapping 47%
Monitoring of risk mitigation actions 47%
Risk reporting / Risk Dashboard 52%

11. BRUSSELS, 20-21 October
www.ferma.eu
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Some elements for reflexion
 What is the « right »
size of the Risk and
Insurance functions at
Headquarter level?
 What is the « right »
organisation for « risk
functions »?

12. BRUSSELS, 20-21 October
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Areas for reflection
What is the right organisation for Risk functions?
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13. BRUSSELS, 20-21 October
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Embedding a risk culture in the
organisation
Kadidja Sinz
Regional Manager Continental Europe
Distribution & Network
XL Group
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14. BRUSSELS, 20-21 October
www.ferma.eu
Today’s R&IM major activities
expected to remain top priorities
Fully embedded activities today:
1.Insurance management and claims handling : insurable
loss prevention - 87% of respondents
2.Development of risk maps - 73%
3.Assistance to other functional areas in contract
negotiation, project management, acquisitions and
investments - 69%
4.Design and implementation of risk controls / prevention -
68%
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Trend:

15. BRUSSELS, 20-21 October
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R&IM aligning closer to the business
at strategic and tactical levels
Main planned activites 2014/2015:
1. Development and embedding of business continuity
management - from 51% of respondents (« embedded
today ») to 77% (including « planned in 2014/15 »)
2.Alignment and integration of risk management as part of
business strategy - from 56 to 76%
3.Development and integration of risk culture across the
organization - from 55 to 75%
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Trend:

16. BRUSSELS, 20-21 October
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The critical discipline of risk
mapping plays an important role in
most companies
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17. BRUSSELS, 20-21 October
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Broader training may be required to
get the R&IM function to the next
level
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18. Thanks for your support !