Risk Management

SUPERVISORY BOARDS

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SUPERVISORY BOARDS

Supervisory boards supervise the risk management process and make assessment of the adequacy and effectiveness of the process in accordance with the decisions in the By-laws of PZU and PZU Życie and the rules of Supervisory Boards

MANAGEMENT BOARDS

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MANAGEMENT BOARDS

Management boards organize and ensure operation of the risk management system by endorsing strategies, policies, determining the risk appetite, profile and tolerance for each risk category

COMMITTEES

- for Assets, Equity and Liabilities Management
- Credit Risk Committee

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COMMITTEES

The Committees make decisions on reducing individual risks to a level determined by the risk appetite. Committees establish procedures and methods for reduction of individual risks and they approve limits for individual types of risks

I line of defense

Organizational units

day-to-day risk management

II line of defense

LIMITED RISK MANAGEMENT
COMPLIANCE
SAFETY

specialized units responsible for risk identification, monitoring and reporting

III line of defense

Internal audit

independent control of the components of the risk management system