European organisations need to improve management of top risks

Risk management is developing into a strategic function within European organisations. At the same time, risk management can contribute much more as its strategic role grows. Currently, risk managers are not satisfied with the level of mitigation for six of the top 10 risks "that keep their CEO awake at night".

These are key findings from the 2014 Risk Management Benchmarking Survey conducted earlier this year by the Federation of European Risk Management Associations (FERMA).  Now its 7th edition, the FERMA Benchmarking Survey this year received a record number of 850 responses from 21 European countries.

Using the results of the survey, FERMA today publishes its first European Risk and Insurance Report, at the FERMA Seminar in Brussels. FERMA President Julia Graham says, "FERMA has said that risk managers are becoming risk leaders - the European Risk and Insurance Report provides evidence to support that view. It, therefore, also endorses FERMA's objective to shape and support risk management as a profession."

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