Moving beyond traditional boundaries
Cotelle pointed to Open Sesame, a joint initiative launched by FERMA and the World Business Council for Sustainable Development (WBCSD) in May 2026, as evidence of the Federation “pushing beyond our traditional boundaries.” The project brings together representatives from risk management, insurance, sustainable finance, banking and the investment community to develop a unified finance framework that helps organisations fund climate-related prevention and adaptation measures before losses occur, rather than relying solely on post-event capital.