Speaking on behalf of FERMA, Dirk Wegener, president of the association, outlines in the letter that FERMA can contribute to this critical discussion, by providing “the necessary theoretical framework from organisational risk management and our experience of managing COVID-19 on the ground in thousands of businesses across Europe”.
He explained that risk managers across the member states are already involved in planning for a successful recovery.
He added: “We will collect the feedback and conclusions of this crisis throughout our membership and report our findings to the commission.”
Wegener also urged the “commission to support the development of public-private initiatives to increase financial resilience against future pandemic risks for our economies and our communities”.
He argued that due to the current pandemic, many European businesses will experience a financial loss that their insurance won’t cover, adding that…
