Objective of risk management

The objective of risk management is to ensure that PZU and PZU Życie pursue their business goals, monitor and manage their investment and insurance portfolios and operational risk safely, adequately to the scale of the risks incurred. The risk management strategies are an integral part of the management process in place at PZU and PZU Życie.

The main elements of the risk management strategy include:

  • the system of acceptable limits on the level of risk and restrictions defined by the Management Board, the Supervisory Board, and the appropriate Committees, including the level of the appetite for risk;
  • the processes of identifying, measuring and assessing, monitoring and controlling, reporting and managing actions with respect to the individual risks;
  • the risk management organizational structure, in which the Management Board, the Supervisory Board, the Asset-Liability Committee (ALCO) and the Credit Risk Committee (CRC) play a key role.