FERMA:“A more volatile world”

The political risk climate• The political risk climate has probably changed more this

year than at any time since the fall of Communism in the late 1980s

Providing timely guidance for risk managers

TWO FORUM WORKSHOPS

Political risks

Looking after staff who may get caught up in

political unrest or other upheavals

Our members’ views

“Country risk has changed completely, and there is material increase in counter

party risk”Michel Dennery

Deputy Chief Risk Officer, GDF

Suez

• So, how do our members see the current situation?

“There is still a great deal of uncertainty over the governments

that will eventually replace the old regimes, and companies have to strike a balance between the

dangers and the opportunities for development”

Who will be speaking at the Forum?

Stephen Capon

Head of Country & Credit Risk

Management, Political Risks &

Credit, ACE Global Markets

WolfgangoPiccoli,

Director Europe / Eurasia, Eurasia

Group

Jeff Dowling

ACE Product Head Accident

and Corporate & Major Risks

Mette Bonde

FLSmidth Travel Security Manager

• Respected industry voices:

What will be discussed at the Forum?

• A number of topical questions will be addressed, for instance:

How the insurance market assesses political and economic risks for international business

To what extent does China remain a reliable source of growth for global business

Will the Eurozone remain intact?

Changing political environment

What is the main effect?

Increased discussion of credit risks

Need to distinguish between

LONG-TERM RISKS SHORT-TERM

TACTICAL CONSIDERATIONS

• Stephen Capon, Head of Country & Credit Risk Management, Political Risks & Credit, ACE Global Markets' view:

Impact of a changing political environment

Stephen Capon

Head of Country & Credit Risk Management, Political Risks &

Credit, ACE Global Markets

“Picking the way through that is one of the biggest

long term challenges”

Generational change has yet to take place in some major Middle Eastern

countries

“When it does, there are likely to be knock-on effects

in the whole region”

Assessing the risk of business travellers and foreign based staff

BETTER TO MOVE PEOPLE

SIT TIGHT AND KEEP THEIR

HEADS DOWN

REQUIRES DELICATE ASSESSMENT

CONSIDER THE SITUATION

• Jeff Dowling, ACE Product Head Accident and Health Corporate & Major’s view:

Case study: evacuation

• Mette Bond, FLSmidth’s Travel Security Manager will discuss the decision to evacuate the company’s employees from Egypt because of political turmoil:

LESSONS FROM THE EVENT

CHALLENGES FACED

WHY THE DECISION WAS

MADE

THE BENEFITS OF HAVING A TRAVEL SECURITY SYSTEM

IN PLACE

Business travel risk

“Business people are travelling to a much wider range of territories than

ever before so they are more exposed to flash points. It has been

a very active year”

JEFF DOWLING

ACE Product Head Accident and Corporate &

Major Risks

The cost of adequate protection

• There are often opportunities for business in less settled environments, so accident and health insurance policies for multinational businesses have to cover the exposure that company travellers face in these places, such as civil unrest

• Political violence can occur in developed as well as emerging markets, considering the Madrid train bomb in 2004 and attacks in London the following year.

INCREASED EXPOSURE

HIGHER ACCIDENT

AND HEALTH INSURANCE

POLICIES

FERMA Risk Management Forum 2011

Stockholm Waterfront Congress Center

2-5 October 2011

For more details of these and other workshops at the

Forum, see http://www.ferma-

forum.eu/site/-

Programme-

Committee,1978

www.ferma-forum.eu

@FERMAFORUM2011

“FERMA Risk Talk”