November 2014

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

The Federation of European Risk Management Associations (FERMA) has just issued the Seventh Edition of its Benchmarking Survey. The survey listed 850 responses to 39 questions and was conducted between April and June this year. It has been divided into four parts: Introduction; European insights on risk management practices; European perspective; Insurance – evolution of the insurance market and risk managers’ expectations.

If you want to know the average and gender of the typical risk manager in a leadership role, go to page 7. If you feel it is useful to know the salary levels for risk managers in leadership positions, go to page 8.

Germany appears to be the country which dedicates the most resources to risk/insurance management.

CFOs and not the board of directors or CEOs are the main reporting line for risk managers across Europe.

These are just some of the facts contained in this detailed and informative survey. To access this, please go to http://www.ferma.eu/about/publications/benchmarking-surveys/benchmarking-survey-2014/

We are pleased to be able to provide this information and any questions or comments should be directed to Florence Bindelle, executive director at florence.bindelle@ferma.eu