Social risks

Annual Report 2017 > Risk > Social risks
Highlights 2017

Risk

Oversight over the risk management system of the entire PZU Group
Oversight over the risk management system of the entire PZU Group
Risk management through active and deliberate management of the extent of risk taken
Risk management through active and deliberate management of the extent of risk taken
Efficient management of capital in order to maximize the rate of return on equity for the parent company’s shareholders.
Efficient management of capital in order to maximize the rate of return on equity for the parent company’s shareholders.
Consistency of the key elements of the integrated management system for all PZU Group’s insurance undertakings
Consistency of the key elements of the integrated management system for all PZU Group’s insurance undertakings
Supervision of subsidiaries, in particular Alior Bank and Bank Pekao, through persons designated to Supervisory Boards
Supervision of subsidiaries, in particular Alior Bank and Bank Pekao, through persons designated to Supervisory Boards
Risk management as an integral part of the management process, based on risk analysis in all processes and units
Risk management as an integral part of the management process, based on risk analysis in all processes and units

GRIs:

Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

PZU reduces risks in the social area chiefly by applying the following solutions:

  • Training employees, in particular in sales and proper cooperation with clients;
  • Introducing new systemic IT solutions;
  • Developing of a network of medical centers under the PZU Zdrowie brand;
  • Professional verification of marketing materials and product solutions;
  • Implementation of business policies, procedures and instructions;
  • Careful, multi-stage selection of suppliers carried out as part of outsourcing processes, in particular for ‘basic’ or ‘important’ activities.

Social risks

 

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