Risk and insurance management policy

In this context, the Group risk and insurance management policy is to work with the relevant internal department of each subsidiary to:

  • define scenarios of major disaster risks (estimated maximum loss);
  • assess the potential financial impact on the Group should a catastrophic event occur;
  • help to implement measures to limit the probability that a catastrophic event occurs and the financial consequences if such event should occur; and
  • manage the level of financial risk from such events to be either covered internally by the Group or transferred to the insurance market.