The document discusses the results of a survey on risk and insurance management in Europe. It finds that while risk management functions have strong reporting lines to top management, there is still room for improvement in better integrating risk management in decision making and relationships with other functions. The size and organization of risk functions varies across companies. Overall, the survey finds that core risk management activities will remain priorities, but functions are looking to more closely align with business strategy and develop a risk culture across organizations. Training is seen as important to help functions advance.

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The Voice of European
Risk and Insurance
Managers
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European Risk and Insurance Report

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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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The Old European Risk Manager
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The Old European Risk Manager
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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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The Modern European Risk Manager
Typical profile
Gender
Age
Team dynamic
Central v local
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The Modern European Risk Manager
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Maturity of EU Risk Management
practices
Sebastien RIMBERT
Senior Manager
EY Advisory France
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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

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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%

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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 »?

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Areas for reflection
What is the right organisation for Risk functions?
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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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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:

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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:

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The critical discipline of risk
mapping plays an important role in
most companies
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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 !