The European Forum for Risk and Insurance professionnals
Chief Risk Officer, Prysmian and President of ANRA
Alessandro De Felice is the Chief Risk Officer of Prysmian, a leading player in the industry of high-technology cables and systems for energy and telecommunications, with sales of some €11 billion. It is a truly global company, with subsidiaries in 50 countries, 112 plants and 30,000 employees.
As a Chief Risk Officer, Alessandro is primarily responsible for facilitating the Prysmian Group Enterprise Risk Management process, proposing the risk management framework including areas like risk engineering and loss prevention, risk financing and claims management.
Why is participating at a European risk management Forum is important to you?
As the Risk Manager’s function is not a solitary role, but it’s integrated in the organization and connected with all other functions, so the Risk Managers of European countries cannot improve and keep updated about the discipline evolutions without a periodic exchange of views with other professionals. Each organization and country has its own specifics risks, but they all act in a global business environment and therefore have to face risks that also are global. The FERMA Forum it’s a great chance to discuss these risks, their evolutions and treatment, with professional Risk Managers from all European countries, which might help to develop a wider point of view and new causes for reflection.
What does “Aim for the future” mean to you?
In the Risk Management discipline, “future” is actually the core business. Our advices, our decisions and actions, are led by a medium to long term perspective, and this is also one of the reasons that sometimes makes it hard to be understood by the Board or Top Management. “Aim for the future” means gaining the ability to look at the big picture, at the connections between the risks that affect or might affect the organization, how they interact with the environment and between them. It also means to be able to use effectively the growing amount of information and data, with an accurate selection and a well-advised interpretation of them. The same applies to new technologies and innovations: we have to learn how to make the best of all the available instruments.
You will be presenting « Risk Management in SMEs », what would you like the audience to remember after your session?
It’s a key topic for our community, especially in Italy where SMEs represent about the 90% of all organizations. Since risks don’t effect only the « bigs », having a Risk Management framework is a necessity also for these realities, indeed it’s even more essential since they often don’t have the resources to face a risk when it materializes, and their survival is seriously threatened. The first step is the development of a Risk Management culture: they have to understand why is so important to analyze and identify the source of risk, and they have to take it into account when they take operational and strategic decisions. There are some mandatory requirements also for SMEs, as the DVR (a risk assessment report), but often, once it’s done, it’s filed and considered as just a piece of paper, non a dynamic instruments as it should be. I would like the audience to remember that developing the sensibility to risks and promoting the Risk Management culture is the first and most important step, more than recommending framework or solutions. And it’s also one of the main missions of National Associations like ANRA.