The risk manager’s role shows growing professionalism and business value

ferma logo

logo pwc

The joint FERMA/ PwC 2018 European Risk Manager Report  will be available on 15 December 2018. 

Please send us your contact information HERE to receive it by email! 

Results preview and webinar replay available now : 

https://www.ferma.eu/publication/2018-european-risk-manager-report/

 

The 2018 FERMA European Risk Manager survey reveals significant evolution in the role of the European risk manager today. A report of the survey, conducted in partnership with PwC France and Francophone Africa, was announced in a webinar today.

It draws on the views of 734 risk managers in 29 countries.

  • 76% of risk managers assess risks that could affect the relevance and viability of the organisation’s strategy and objectives.

  • Nearly 70% of risk managers act as risk conductors, consolidating information from other risk-related functions to give a clear and comprehensive view to top management.

  • Strategic activities such as governance, risk culture and risk appetite are increasingly part of the mission of the risk manager.

  • There is a strengthened connection with IT and information security, which is significant as cyber risks are ranked as the number one threat to future growth.

  • 86% are responsible for developing risk maps, risk identification, analysis, evaluation, prioritisation and reporting.

  • Risk managers are increasingly using new technologies to be more predictive and proactive.

  • Insurance management practices are largely stable, but insurance managers are considering strategies for the possibility of a harder market.

This is the ninth European Risk Manager Survey. It has taken place every other year since 2002, and it provides a unique insight into the views and the roles of risk managers across Europe. This year, FERMA and PwC France and Francophone Africa changed the emphasis slightly to explore better the work of risk managers in supporting the success and sustainability of their organisations.

FERMA President Jo Willaert said: “We believe that demands for sustainability, good corporate conduct and rapid digitalisation are leading to profound changes in organisations. This survey shows that the role of the risk manager is evolving to meet these changes. He or she has never been better equipped to be a co-pilot for the board and top management in this transformation.”

To enhance the value of the survey results for national associations and their members, FERMA and PwC France and Francophone Africa have also broken down the analysis by country or regional group. FERMA survey leader, Charlotte Hedemark Hancke, explained: “The country profiles highlight national specificities in comparison to the European results. FERMA, therefore, has put back at the centre of the Risk Management Survey what it is that makes this project unique: local results in a European context.”

Françoise Bergé, Partner Risk Assurance and Advisory Services, PwC France: “Risk managers play their role when collaborating with other functions within the organisation to provide comprehensive analysis of the risks to the top management and the board. This report helps to understand the current responsibilities and challenge of the European risk managers and to identify emerging good practices”

 

The joint FERMA/ PwC 2018 European Risk Manager Report  will be available on 15 December 2018. 

Please send us your contact information HERE to receive it by email! 

Results preview and webinar replay available now :  https://www.ferma.eu/publication/2018-european-risk-manager-report/

 

 

Share with others

Subscribe to our newsletter

* indicates required
Interests

By subscribing to our newsletter, you agree that we may process your information in accordance with our Privacy policy.

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at enquiries@ferma.eu.

We use MailChimp as our marketing platform. By subscribing to our newsletter, you acknowledge that your information will be transferred to MailChimp for processing. Learn more about MailChimp’s privacy practices here.

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.