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Objective of risk management

The main objectives of risk management is to raise of the value of PZU Group through active and conscious change in the amount of exposure at risk and preventing acceptance of risk at a level which could threaten the financial stability of PZU Group.

The main objectives of risk management:

  • raise of the value of PZU Group through active and conscious change in the amount of exposure at risk;
  • preventing acceptance of risk at a level which could threaten the financial stability of PZU Group.

Risk management in PZU Group is based on risk analysis of all processes and entities and it is an integral part of the management process.

Risk management in PZU Group is based on risk analysis of all processes and entities , and it is an integral part of the management process.

The main elements of risk management are consistent for all companies of PZU Group and implemented in a way which ensures the implementation of strategic plans of individual companies and ensure business objectives of the whole PZU Group.

They include, among others:

  • the systems of acceptable limits of risk , including the level of risk appetite;
  • the processes of identifying, measuring and assessing, monitoring and controlling, reporting and managing actions with respect to the individual risks;
  •  the risk management organisational structure, in which Management Boards and Supervisory Boards of companies as well as dedicated Committees play the key role.