The risk management system in the PZU Group consists in the following:
The consistent split of duties and tasks in the PZU Group and in individual financial sector subsidiaries covers four decision-making levels.
The role of the PZU Group Risk Committee is to provide support to the supervisory boards and management boards of PZU Group subsidiaries in implementing an effective risk management system that is coherent for the entire PZU Group. The operational objective of the PZU Group Risk Committee is to coordinate and supervise activities related to the PZU Group’s risk management system and processes.
The first three are:
The fourth decision-making level pertains to operational measures divided into three lines of defense: