Saturday, June 15, 2024

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New FERMA president keen to expand advocacy capabilities

Charlotte Hedemark has been appointed president of the Federation of European Risk Management Associations (FERMA).

Hedemark, who is a senior risk manager at SAP, took on the role at an official handover ceremony which took place at a FERMA seminar in Antwerp on 16 October.

“We want to expand our advocacy capabilities,” she said. “By developing partnerships with other EU professional or sectorial associations, and inside EU institutions.”

“We want to tap into even more expertise and knowledge and increase the involvement of the national risk associations in our advocacy work.”

FERMA has made some progress in recent years on lobbying for greater proportionality applied to captive regulation under Solvency II.

Hedenmark replaces Dirk Wegener, who concluded his four-year term as president with a speech during the FERMA seminar.

“FERMA has become much more impactful and effective in its advocacy work,” he said. “I would like to thank our members for their active engagement in our committees and working groups.

“This strengthens our expertise and the value we provide, both of which are recognised by the European institutions.”

He also highlighted the “tense but increasingly collaborative” relationship FERMA has with the insurance sector.

“We have cooperated with the insurance industry on regulatory issues and crucially ways to support risk transfer and I am sure FERMA will continue to increase dialogue and take concrete action on key issues for the insurance and risk management communities,” he added.

“I leave my role as President with FERMA in a strong position, and I am passing the baton on to Charlotte, knowing that the future of FERMA is in extremely capable hands.”