Risk Management in 2010

Sampo considers that a high quality risk management process is a prerequisite for business operations.

The key objectives of risk management are:

  • to ensure that risks affecting our profitability and other material risks are identified, assessed and analyzed;

  • to ensure that capitalization - in the form of capital and foreseeable profitability of businesses - is adequate in terms of current risks inherent in business activities and existing business environment;

  • to ensure that risk bearing capacity is allocated into different business-areas according to chosen strategies and that risks are properly priced;

  • to limit and mitigate fluctuations in the economic values of group companies; and

  • to ensure the overall efficiency, security and continuity of operations.

Sampo Group's major risks, excluding Nordea, arise from the insurance activities and investment portfolios. Risk management related to these areas is seen as core competence and is therefore under constant development. Like all companies Sampo Group is exposed to operational risks and risks related to business environment. Sampo Group is continuously working at improving internal control, core processes and systems, business continuity planning, as well as monitoring and analyzing impacts from changes in the Group's external operating environment to reduce the impact of operational and business risks.

A more detailed description of Sampo Group's risk management organization and activities is available in the Risk Management section.

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