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Press release18 June 2012FERMA launches                     pan-European                    risk           managementcerti...
Graham added: "The profession is now ready to raise its professional bar. However,professional recognition is not a gift –...
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FERMA launches pan-European risk management certification project

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The Federation of European Risk Management Associations (FERMA) has launched an ambitious project to consider the creation of a pan-European certificate of professional competence for risk managers. A working group led by three FERMA board members, Vice Presidents Michel Dennery and Julia Graham, and Igor Mikhaylov, is now developing a plan for presentation to the 2012 FERMA Seminar in Versailles on 22-23 October.

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FERMA launches pan-European risk management certification project

  1. 1. Press release18 June 2012FERMA launches pan-European risk managementcertification projectThe Federation of European Risk Management Associations (FERMA) has launched anambitious project to consider the creation of a pan-European certificate of professionalcompetence for risk managers. A working group led by three FERMA board members, VicePresidents Michel Dennery and Julia Graham, and Igor Mikhaylov, is now developing aplan for presentation to the 2012 FERMA Seminar in Versailles on 22-23 October.FERMA intends that the certificate will provide independent confirmation that the holderhas a high level of knowledge and experience in risk management that has beenchallenging to achieve. The aim is to put risk management on a similar standing to otherprofessions such as law and accounting.The working group plans to involve FERMA’s national member associations and othereducation providers in the creation of two types of certificate: professional and specialist.The professional certification would be experience-based and include evidence of the riskmanagers previous professional development and education. Specialist certification wouldinvolve formal education and examination by accredited organisations.The professional certificate is intended for risk managers already working at senior level,while the specialist certificate would be for risk managers who are at an earlier stage intheir careers or individuals who have risk management as part of a wider role.Enthusiastically welcoming the plan, FERMA President Jorge Luzzi said: “FERMA has hadmany requests for a programme like this. We have received great support from ourmember associations, and we are confident that this will be one of the most importantprojects that FERMA has ever been involved in. The working group, elected from our boardmembers, is approaching it very seriously and with a lot of energy and enthusiasm.“Our idea is that FERMA will lead the project, but we will strongly maintain communication,support and commitment with our members, the national associations.”Dennery commented: “Risk management is on the top of the expectations of boards andstakeholders: legislators, shareholders, regulators and the public. This is an opportunity forFERMA to enhance the status of risk managers through the creation of transparent andobjective verification of professional standards.” FERMA - Federation of European Risk Management Associations Avenue Louis Gribaumont, 1 /B4, 1150 Brussels, BELGIUM Phone: +32 2 761 94 32 - Fax: +32 2 771 87 20 - Web: www.ferma.eu
  2. 2. Graham added: "The profession is now ready to raise its professional bar. However,professional recognition is not a gift – it must be earned and there must be evidence thatany award is justified. To date no certification for risk managers has crossed geographicboundaries or been at a pan-European level, so this is not only an important but a ground-breaking project."Igor Mikhaylov said: " FERMA is responding to the highest ever demands for formalrecognition of the risk management profession. To be recognised as professionals, riskmanagers need to demonstrate extensive theoretical knowledge, the skills required toimplement it in practice and experience at strategic and operational levels. We are verywell positioned as an independent, recognised central authority for certification ofprofessional knowledge and skills.”He added that in this way, FERMA will contribute to the development of professionalstandards supported by suitable training programmes and support the nationalassociations by providing an opportunity to attract new members.Press contacts:Lee Coppack+44 (0)20 8318 0330lee.coppack@insurance-research.com.Florence Bindelle, Executive Manager, FERMA+32 2 761 94 31florence.bindelle@ferma.euAbout FERMAThe Federation of European Risk Management Associations (FERMA) brings together 22national risk management associations in 20 European countries. FERMA has 4,500individual members representing a wide range of business sectors from major industrialand commercial companies to financial institutions and local government bodies. Theirmembers play a crucial role for their organisations with respect to the management andtreatment of complex risks and insurance issues.Member associations are from the following countries: Belgium (BELRIM), Czech Republic(ASPAR CZ), Denmark (DARIM), Finland (FinnRiMa), France (AMRAE), Germany(DVS/BfV), Italy (ANRA), Luxembourg (PRiM), Malta (MARM), Netherlands (NARIM),Norway (NORIMA), Poland (POLRISK), Portugal (APOGERIS), Russia (RusRisk),Slovenia (SI.RISK), Spain (AGERS and IGREA), Sweden (SWERMA), Switzerland (SIRM),Turkey (ERMA) and United Kingdom (Airmic). FERMA - Federation of European Risk Management Associations Avenue Louis Gribaumont, 1 /B4, 1150 Brussels, BELGIUM Phone: +32 2 761 94 32 - Fax: +32 2 771 87 20 - Web: www.ferma.eu

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