Public Risk Forum

Strategic Focus: “Integrated governance of values”. 

It is an European initiative (since 2005*) to convocate its network focused on the achievement and securing of public values and specifically on t he management of public risks within corporate (public organisations) as well as within the public domain of the city and region.

The forum is focused on sharing knowledge and experience, on the acceptation of public risk management as an indispensable link for successful governance as well as caring about the underlying resilience of governing (government, system world) and governed (society, living world) systems.

Since 2007 and throughout Europe PRIMO organises round tables, seminars and think tanks with these starting points as guidance. It cooperates with European organisations and universities.

*The strategic focus of this forum is as concept formulated during the foundation in Strasbourg, 1 April 2005 and internationally approved by the board of PRIMO Europe in Dublin, 14 March 2007.

Quels sont les nouveaux challenges du Risk Manager ?

L’étude «The European Risk Manager Report 2020» de FERMA en partenariat avec PwC, est publiée tous les 2 ans et permet de mieux comprendre l’évolution du rôle, des enjeux et des activités des Risk Managers, d’identifier leurs priorités et de mettre ces éléments en perspective à l’échelle européenne. Cette enquête a réuni les témoignages de 764 Risk Managers à travers 34 pays. […]

Uncertainty and Challenges in Contemporary Economic Behaviour

Ercan Özen and Simon Grima* Every day presents new challenges as the face of global economics changes. But in a world of uncertainty, how is the world of finance and economics adjusting to address these new issues? In this first book in the Emerald Studies in Finance, Insurance, and Risk Management, expert contributors from around the world come together to discuss and address […]

Sigma Resilience Index 2020

Irina Fan, Patrick Saner, Thomas Holzheu, Fiona Gillespie The world economy’s resilience is being shaken by the COVID-19 crisis as countries deplete their fiscal and monetary reserves. Our latest annual resilience indices show profound shifts in economic and household resilience from the COVID-19 pandemic. The crisis is expected to reduce global macroeconomic resilience by close to 20% in 2020 as governments […]

The looming risk for banks: biodiversity loss

Society faces a critical juncture in one of the defining challenges of our time: the loss of biodiversity. It places severe costs on our economy. Stakeholders require information regarding their exposure to nature-related risks, and how entities are improving resilience across strategic, operational and financial dimensions. But how does biodiversity loss impact financial institutions? Read more

When uncertainty strikes – the structured management of risks and quality is crucial for future success!

In today’s demanding times for policy-makers and public sector organisations in Europe, PRIMO and KDZ, therefore, join forces to offer comprehensive training and guideline for boosting public administration towards sustainability and resilience especially in a future crisis. The cooperation of PRIMO as leading European expert network for public risk management and KDZ as leading European expert center for quality management […]

About ‘Public Risk’

Focus: ‘Working from definition, marking and philosophy’. Introduction During the founding of the idea of PRIMO in Strasbourg on the 1st of April 2005, the need for design principles related to the governance of public risk was extensively discussed. We, to be precise the executive committee of the European Association of Local Chief Executives UDITE, defined it as a form or […]

Issues Paper on resilience solutions for pandemics

European Insurance and Occupational Pensions Auhority (EIOPA) The paper recognises that private insurance solutions alone will not be sufficient to protect society against the financial consequences of future pandemics. Solutions will require both public and private sector involvement, and build on the following four key elements: Proper risk assessment Risk prevention and adaptation measures Appropriate product design Risk transfer Insurance […]

Ensuring Resilience of Public Sector Organizations with Quality and Risk Management

European Online Course The Covid-19 crisis has revealed a lack of quality and risk management in many public sector organizations in Europe. PRIMO and KDZ, therefore joint forces to offer a comprehensive training and guideline for boosting public administration towards sustainability and resilience especially in future crises. The cooperation of PRIMO as leading European expert network for public risk management […]

FORTE Framework for Good Governance®

Focus: ‘The art of governance design and security’. Trademark We hereby inform you that PRIMO Europe is formally approved – on the 28th of July 2020 – in its registration of FORTE Framework for Good Governance® as a trademark in the Benelux as well as that we have registered FORTE® as our idea/concept/set of thoughts as is education/consultancy product/service via […]

The IIA’S Three Lines Model

Organizations are human undertakings, operating in an increasingly uncertain, complex, interconnected, and volatile world. They often have multiple stakeholders with diverse, changeable, and sometimes competing interests. Stakeholders entrust organizational oversight to a governing body, which in turn delegates resources and authority to management to take appropriate actions, including managing risk. For these reasons and more, organizations need effective structures and […]

IIA Unveils New Three Lines Model

Matt Kelly The Institute of Internal Auditors has unveiled a revamped version of its famed Three Lines of Defense model for risk assurance. Perhaps the most notable change: no longer calling it the Three Lines of Defense. Instead, the IIA guide is now officially known as “The Three Lines Model” — a nod to criticism over the years that the word “defense” […]

Insurance and Risk management degree

Malta University / Department of Insurance/ Insurance and risk management To prepare yourself for a dynamic career in the ever growing Financial Services industry. Learn about different types of risks, risk identification, risk measurement, risk mitigation and risk transfer, the various jobs available within the industry and prepare the road to join the number of professionals and specialists in the area. […]

PRIMO considers SDG’s as frame of reference

The board of PRIMO Europe has decided that the association explicitly accepts the Sustainable Development Goals as a referential set of public values for good governance. This will be expressed in the general communication of the association as well as in the use of products and services in the overall setting of the portfolio. The association would like to formally […]

Structured Client Communications: The Key to Manage Risk in a Business Relationship

Stephen P. D’Alessandro | International Journal of Finance, Insurance and Risk Management, Volume 10, Issue 1, 135-148, 2020 Purpose: The key objectives of this paper are to provide a review of the current context within a regulated sector such as financial services which call for structured communications as an integral part of overall corporate governance and to provide a practical […]

McKinsey on Risk

Thomas Poppensieker | Chair, Global Risk Editorial Board McKinsey & Company “Our ninth issue of McKinsey on Risk arrives amid the greatest global crisis since the Second World War. McKinsey and the Risk Practice have been in constant conversation with healthcare, public-sector, and business leaders to help assess and meet the diverse challenges raised by the COVID-19 pandemic. As we go […]

FERMA European Risk Manager Report

FERMA/PWC We are pleased to present the results of the 2020 European Risk Manager Survey. The survey has taken place every other year since 2002 and represents the widest available picture of views of professional risk managers across Europe. The publication of the 2020 Survey is taking place in exceptional circumstances. Before the outbreak of the Covid-19 virus, we could […]

PRIMO leaves Facebook platform

Press release PRIMO Today we have decided as PRIMO board to LEAVE the platform of Facebook. We think that the corporate policy of the company Facebook is not in line with our values of good governance, privacy and above all respect and trust. Following the discussion in the international media, the actual privacy breaches of the platform. the leadership and […]

SONAR 2020: New emerging risk insights

The SONAR report of Swiss Re Institute informs and inspires conversations about emerging risks, so the re/insurance industry can continue to build resilience also in turbulent times. The COVID-19 pandemic has accelerated new emerging risks and trends, but the current crisis shouldn’t overshadow the need for the world to transition to a more sustainable economy and a low carbon future. […]

ISO and climate change

PRIMO Europe is focused on helping organisations – as the highest form of public risk management – to implement frameworks, methods and techniques to improve on the Sustainable Development Goals. Goal 13 is Climate Action: Take urgent action to combat climate change and its impacts. The goals has 5 targets: Strengthen resilience and adaptive capacity to climate-related hazards and natural […]

The great balancing act: Managing the coming $30 trillion deficit while restoring economic growth

Rima Assi, David Fine and Kevin Sneader As they continue to grapple with a global pandemic, governments will need to manage deficits and debt-payment plans while finding the best ways to support economic recovery. The dual imperative of our time is to save lives and safeguard livelihoods—and governments around the world are pulling out all the stops to do so. The resulting ramp-up […]

Understanding the Black Swan

Times of Malta in conjunction with Seed is serializing the economic report Agile. Perspectives on Malta’s economy post COVID-19. The report was authored by JP Fabri, Glenn Fenech, partner and senior consultant at Seed, and University academics Professor Vincent Cassar, Dr Stephanie Fabri and Dr Jonathan Spiteri. The full report can be read here. A modern globalised economy is a complex web of […]