Risk management is an integral part of Europa Re’s underwriting and business management processes. Controlled risk-taking requires a strong and independent risk management organization, as well as comprehensive risk management processes to identify, assess and control the company’s and the business units’ risk exposures. The company bases its risk management on guiding principles that strive to apply consistently across all risk categories throughout Europa Re:

• Controlled risk-taking: Financial strength and sustainable value creation are central to Europa Re’s value proposition. Europa Re therefore operates within a clearly defined risk policy and risk control framework;
• Clear accountability: Europa Re’s operations are based on the principle of delegated and clearly defined authority. Individuals are accountable for the risks they take on, and their incentives are aligned with Europa Re’s overall business objectives;
• Independent risk controlling: Allocated people with clearly defined risk management responsibilities, monitoring of all risk-taking activities;
• Open risk culture: Encouraging risk transparency, knowledge sharing and responsiveness to change as an integral component of our risk control processes.

Europa Re is conducting various risk assessment measures every quarter taking into account all reasonably foreseeable and relevant material risks to which it is exposed.