The purpose of risk management is to ensure that the company’s business objectives are reached and that the company remains a going concern. The risk management function analyzes the risks faced by the company’s various businesses and units. It also defines the risk management principles applied throughout the Group and develops risk management methods and insurance schemes. Areas of responsibility have been defined in the organization to cover different risks.
An external insurance broker firm is employed for streamlining and optimizing the insurance program for the Group.