Würth Group receives Risk Management Award “Innovative Insurance Programme of the Year“
Künzelsau/London. On Monday, 6 November 2017, the Excellence in Risk Management Awards were presented for the second time within the framework of the European Risk Management Awards in London. Matthias Beck, Head of the Group Insurance Department/Risk Management of the Würth Group was among the prize winners who received an award in the category “Innovative Insurance Programme of the Year“.
The Würth Group received an award for the introduction of a worldwide credit insurance program that can do both: provide a centrally coordinated system and meet the demand for local services in the different countries. Matthias Beck accepted the award in London on behalf of his team: “I see the award as an appreciation of our efforts to successfully implement risk management processes under consideration of the decentralized structure of the Würth Group.” The award presentation is organized by FERMA (Federation of European Risk Management Associations) and the newspaper Commercial Risk Europe.
The Federation of European Risk Management Associations brings together 22 risk management associations in 21 European countries, representing 4800 risk managers active in a wide range of organizations. FERMA provides the means of coordinating risk management and optimizing the impact of these associations outside their national boundaries on a European level.
About the Würth Group
The Würth Group is the world's market leader in its core business, the trade in assembly and fastening materials. It currently consists of more than 400 companies in over 80 countries with more than 73,000 employees on its payroll. Approximately 32,000 of them are salaried sales representatives.
In the Group's core business, the Würth Line, the sales program for the trades and industry comprises more than 125,000 products: from screws, screw accessories and anchors to tools, technical chemicals and personal protective equipment.
The Allied Companies of the Würth Group, which either operate in business areas related to its core business or in diversified business areas, round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards, and financial services. They account for more than 40 percent of the Würth Group's sales volume.