Risk Management Process
The core competences of Sampo Group´s business are skillful pricing of risks, selection of risks and proper risk management. A high quality risk management process is a necessary prerequisite for successful business.
In Sampo Group, the key objectives for risk management are:
to ensure that all the risks affecting the 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.
To meet these objectives Sampo Group's risk management process includes following tasks:
In Sampo Group, the common Risk Management Principles are followed when organizing the activities in general and risk management in particular.