By Jon Guy
Risk managers gathered in Madrid last month for the biennial Ferma Forum conference – hosted by trade association the European Forum for Risk and Insurance Professionals (Ferma), 2024’s event was held between 20 and 22 October.
With a packed agenda, much of the conversations surrounding insurers will have made very uncomfortable listening.
The event opened with publication of Ferma’s risk management survey, which polled 1,000 risk management professionals from across 77 countries.
This found that 53% of risk managers believe they are facing a future where significant parts of their risk portfolio will become uninsurable.
In many ways, this finding set the theme for things to come over the two-day event.
While insurers were busy telling risk managers how keen they were to work with them in meeting the challenges of the major risks they face, risk managers were not buying it.
Delegates were risk managers of major corporate firms – a large number from the UK – and they were not pulling any punches in their views that insurers have become more absent.
Although brokers were feeding back to attendees that there was capacity for the likes of cyber risks and…
