Generali meets the risk management community in Venice.
Generali was a diamond partner for The Federation of European Risk Management Associations (FERMA) 2015 Risk Management Forum in Venice from 4th to 7th October.
The forum is the largest pan-European event for the risk and insurance management community and takes place every other year in a different European city. The FERMA association acts as a significant stakeholder in the decision-making process at European level on risk management, risk financing and insurance and it coordinates, promotes and supports the development and use of risk management, insurance and risk financing in Europe.
The 2015 Forum saw more than 1600 risk and insurance professionals from across Europe attending to share their views on the “Living and working in a riskier world: profession, innovation, diversity”. Generali’s participation represented an opportunity to support the risk management community and to share the culture of risk management with stakeholders through workshops, panels and debates. Generali representatives met participants to provide them with the opportunity to deepen their knowledge of the Group’s activities in the corporate segment and its integrated approach through Generali Global Business Lines.
“Good risk management is not a burning platform but the eternal flame”: Generali Group CEO Mario Greco tells in his keynote speech opening the Forum. “In this evermore complex world, the nature of what risk managers do has become a core business function. Managing risks should influence everything from strategic decision-making to day-to-day interaction with customers, regulators or suppliers. Good risk management is not a burning platform but the eternal flame."
Talking about the role of companies like Generali, he added: “Industry should play its part in providing new ways of approaching problems as well as innovative solutions to them”.
In commenting on Generali's participation as a Diamond Partner for FERMA, he said: "FERMA plays a key role in promoting and supporting the development and use of risk management, insurance and risk financing in Europe. Our investment in this forum reflects our conviction that partnership is a key element for finding solutions to the problems of today’s interconnected world."
Giovanna Dal Negro -The Fairplay Srl
Julia Graham, the President of FERMA, said “The title of this FERMA Forum is Living and Working in a Riskier World. In this new and riskier world, our profession is thriving and ready to seize opportunities to take a bigger role in advising and leading risk management in organisations. According to Julia, the new and riskier world is characterised by:
· Increasing domination of intangible assets, ie. intellectual property and brand value, over tangible assets.
· Massive dependency on systems connectivity with integrity, value creation through new business models, new technologies and ever escalating speed to bring these to market.
· Special geopolitical issues in Europe, including the challenges of large scale population migration, and the continuing effects of failed corporate governance. Nor is Europe immune from other global risks.
“Risk managers, insurers, brokers and those who support managing in this new and riskier world, must come to terms with this or face extinction. The corporate history of those who did not adapt reminds us that survival of the fittest remains a true statement…Risk managers no longer just monitor, but have the opportunity to lead.”