Ferma chief urges closure of insurance-business gap

Federation of European Risk Management Associations seeks alignment of insurance with the realities of long-term business planning to build more sustainable partnership

INSURERS must address the “clear misalignment” between the annual renewal process and the multi-year planning cycle that businesses operate, Philippe Cotelle, president of the Federation of European Risk Management Associations (Ferma), told delegates at the body’s annual forum in Rotterdam.