Issue link: https://maltatoday.uberflip.com/i/550022
Events 45 maltatoday, Sunday, 2 auguSt 2015 New board elected for Malta Association of Risk Management Ian-Edward Stafrace is the newly elected president of the Malta association of risk Man- agement (MarM), the associa- tion that has been representing the risk management profession in Malta since 2011. The objective of the Malta as- sociation of risk Management is to promote, advance and en- courage the knowledge of, and use of risk management within the private and public sectors in the Maltese Islands through the exchange of experience, knowledge and advice among its individual members, corpo- rate members and professional associations on all matters of a professional, technical and or- ganisational nature. MarM held its annual gen- eral meeting at the University of Malta on 30th June in which the new board was elected for the next two years. This in- cludes outgoing president dr Simon Grima who takes on the new role of education and certification affairs. dominic Fisher is the new vice presi- dent while Sharon Cilia Tortell and andre Farrugia retain the treasurer and secretary roles respectively. Ingrid azzopardi is the public relations officer, Mark Zammit is responsible for membership and sponsorships and dr robert Cachia is events co-ordinator. Ian-Edward Stafrace said MarM will continue to raise the profile of risk management in Malta through events in col- laboration with other profes- sional associations and with increased member engagement and networking opportunities for all those interested to learn more on how to better manage uncertainties, threats and op- portunities. "we want to help risk students and risk managers build their skill-set and prepare them for future risk leadership roles." MarM will continue its ef- forts in the area of risk edu- cation. acknowledgment was given to MarM's past achieve- ments with the University of Malta where risk management is featuring in an increasing number of courses. as mem- ber of FErMa, the Federation of European risk Management associations, MarM has been actively participating in FEr- Ma's project to launch later this year a professional risk manager certification that will be recognised across Europe. "The new board is privileged that during its term, Malta will host for the first time FErMa's biennial risk management sem- inar in October 2016. This will be a unique and exciting op- portunity with hundreds of risk management experts coming from all across Europe." Following the recent presenta- tion on Embedding risk, MarM is following up with a workshop on Thursday 27 august. This is a free event for whoever attend- ed the first event on Embedding risk on the 30 June as well as for MarM members. MarM is also planning a Foreign Ex- change risk Event in October. Further details may be obtained by sending an email to secre- tary@marm.org.mt From left: Robert M Cachia, Sharon Cilia Tortell, Mark Zammit, Ian-Edward Sta- frace, Ingrid Azzopardi, Dr Simon Grima, Dominic Fisher, Andre Farrugia Kilimanjaro Team meet the President ThE ninth group to attempt the Kilimanjaro challenge paid a courtesy call to President Marie- Louise Coleiro Preca. during the meeting, which was held on Monday 27 July at San an- ton Palace, the group discussed the team's aim to climb the world's tallest free standing mountain, in order to raise funds to build a kin- dergarten for less fortunate chil- dren in dembidolo, Ethiopia. The funds will be administered by the Moviment Missjunarju Ge- su fil-Proxxmu (Missionary Move- ment 'Jesus in Thy neighbour') (nGO VO/0140), a registered vol- untary organisation in Malta. To build stamina and strength for the summit, the group trains between four to five hours, three times a week, around the hills of the Mal- tese Islands. Meanwhile, the team is organis- ing a number of events as a group and individually to raise as many funds as possible before they leave Malta in december. On the 1st of august a BBQ Charity dinner is being organized at Luzzu in Qawra. (tickets are available by calling on 79319848 or 79041122) Should anyone wish to contribute towards this great cause, kindly feel free to contact them through their Facebook page Kilimanjaro Challenge Malta. donations may be affected directly to their BOV Bank account 40023436653, by calling the respective numbers to place a donation of €5 (51502084), €10 (51602028) or €25 (51802095) or via SMS on 50617389 to do- nate €2.33 or 50618062 to donate €4.66. GasanMamo Insurance supports the Malta Diabetes Association GaSanMaMO In- surance has sup- ported the Malta diabetes association in their annual fund raising event, dine 4 diabetes held in June at the westin drago- nara hotel in St. Ju- lians. This year's event was attended by over 350 guests from all walks of life and had the main aim to raise funds that will assist the association in its mission. "as the leading in- surance company in Malta, we feel that helping out asso- ciations such as the Malta diabetes as- sociation is rooted in our values. The association empha- sises the importance of education in order to empower its mem- bers to deal with their day to day manage- ment and problems, a value which we also truly emphasise with our staff," said Julian J Mamo, Managing director at Gasan- Mamo Insurance. The Malta diabetes association, founded in 1988 by Tancred Zammit is a volun- tary non-profit mak- ing entity including parents of children with diabetes, per- sons with diabetes and paramedics as part of its commit- tee. MSV Life invests in state-of-the-art admin software for its unit-linked business FInanCIaL risk Solutions (FrS), a leading provider of investment administration and compliance software, announces that MSV Life, Malta's largest life insurance company, selected its Invest|Pro software for the administration of its unit-linked business. Invest|Pro has been deployed on a five-year licence to calcu- late daily unit prices and run ap- propriations and trading across MSV's unit-linked products. This will enable MSV to auto- mate the cash flows between its policy administration system and its investment managers, more efficiently administer its growing fund-of-fund volumes, as well as maintain better governance of its investment activities. Stuart Fairbairn, Chief Officer Business development, says: "having one dedicated system to manage everything around our unit-linked business is a real step forward in terms of efficiency. "Invest|Pro from FrS will also give us the opportunity to con- tinue to scale our business ef- ficiently as many activities will now be completely automated. The Invest|Pro system is deliver- ing exactly what we need and the specialist experience of the team at FrS is impressive." david G. Curmi, CEO of MSV Life, says: "Invest|Pro is an im- portant element of a major IT project currently being undertak- en in our company together with MaPFrE, CSI and allfinanz (from Munich re) to create a net- work of interconnecting systems which is expected to revolution- ise the way we have been doing business. This will enable us to offer superior levels of service to our customers". Frank Carr, CMO at FrS com- ments: "Invest|Pro continues to attract life companies positioned for growth across Europe; FrS is focused on meeting the needs of insurers in a market current- ly concentrated on solvency II readiness for next January. we are proud to add MSV as our first Maltese life insurer to our grow- ing list of clients." President Marie Louise Coleiro Preca (centre) with the Kilimanjaro challenge group