Why effective risk management is essential for resilience


Why effective risk management is essential for resilience

Dirk Wegener, president, FERMA

Recent events from the COVID-19 pandemic to climate change and cyber risks have elevated the importance of risk management within corporations. FERMA president Dirk Wegener outlines the way forward.

The events of the past 18 months have highlighted the importance of risk managers within their organisations, gaining them a seat at the table in key discussions from which they might previously have been excluded.

The Federation of European Risk Management Associations (FERMA) is using this momentum to help risk managers step up, equipped with Rimap certification, FERMA’s formalised risk management qualification, which aims to provide them with the skills, recognition and confidence they need to help steer key decisions at an organisational level.

“The pandemic has increased the importance of the risk management functions throughout organisations because the risk managers were clearly able to show the added value of this function, be it in the immediate response to the crisis in terms of health and safety measures, business continuity and so on, but also from a longer perspective, going forward,” says FERMA president Dirk Wegener.

Federation of European Risk Management Associations (FERMA), Risk Management, Insurance, Reinsurance, Dirk Wegener, Europe

Intelligent Insurer