News and Analysis

FERMA’s outgoing president, Dirk Wegener, believes that the 9/11 attacks, the Covid-19 pandemic, and the Russian-Ukrainian conflict have reshaped risk management. He claims these events demonstrated the necessity of considering novel risks and seeking solutions beyond insurance. He encourages risk managers to proactively establish loss prevention measures, addressing cyber threats, climate change, and potential geopolitical and supply chain issues. He also urges the risk management industry to attract a new generation of professionals to handle these evolving challenges.