Risk management is fundamental to Europa Re’s business for which proper and timely identification, assessment and control of risk exposures is essential. The company bases its risk management on the following guiding principles that are consistently applied across all risk classes.

• Controlled risk-taking within a clearly defined risk policy and risk control framework;

• Clearly defined authority and accountability of its staff;

• Independent risk controls and regularly risk monitoring and reporting of all risk-taking activities;

• Transparency, knowledge sharing and responsiveness to change.