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Risk management groups aim for mutual recognition

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MONTE CARLO, Monaco — Five risk management associations have agreed to work toward mutual recognition of their respective designation/certification programs. 

The Federation of European Risk Management Associations, the Risk & Insurance Management Society Inc., the Latin American risk management association ALARYS, the Institute of Risk Management South Africa and the Pan-Asia Risk and Insurance Management Association signed a letter of intent on the sidelines of FERMA’s Forum 2017 conference in Monaco on Monday.

The associations will jointly draft a memorandum of understanding within the next few months to establish the conditions under which a risk professional certified by one of the five associations will receive continuous professional development points for attending any of the five association’s events.

“Although our various certification programs take into account local specificities, which should remain, it is fundamental for the profession that we ensure a gradual convergence of our respective certification programs over the coming years,” FERMA President Jo Willaert said in a statement. “It should start with a mutual recognition of our respective main events in terms of (continuous professional development) points, and that is the important step we are now taking.”