Risk management at SI Re meets the requirements of rating agencies, cedants’ and brokers’ security committees, supervisory authorities and the central risk management department of SIGNAL IDUNA Group alike.
The SI Re risk management system is primarily established to ensure the continuity of the company and to provide the framework conditions in order to have business success not jeopardised by sudden adverse events. The system places risks into three categories, which are either «critical» to the company’s solvency, could have a «significant» influence on the annual result or are «non-critical», i.e. have little influence on the company’s success.
The system also distinguishes between insurance, market and credit risks, as well as operational risks, such as risks of strategic, personnel or functional nature. The potential influence of these risks on business continuity and success is monitored and reported either on an ongoing basis or at regular intervals.