Five of the World's Risk Management Associations To Coordinate CPD Points

Five of the world's largest risk management associations have agreed to work together toward a recognition of their respective risk management designations/certification programs. The organizations, ALARYS in Latin America, Federation of European Risk Management Associations (FERMA), The Institute of Risk Management South Africa, Pan-Asia Risk and Insurance Management Association, and Risk and Insurance Management Society in North America, signed a letter of intent when they met during the FERMA Risk Management Forum.

The letter indicates that they will jointly draft a Memorandum of Understanding within the coming months to establish the conditions under which a risk professional certified by one of the five associations will receive continuous professional development (CPD) points for attending any of the five association's events.

Jo Willaert, president of FERMA, indicated that "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. It should start with a mutual recognition of our respective main events in terms of CPD points, and that is the important step we are now taking."