Disclosures and Risk Management

Risk is defined as the threat or possibility that an action or event will adversely or beneficially affect the company’s ability to achieve its strategic objectives. Risk management is therefore a very important part of the corporate governance of the Triglav Group, all business processes and the awareness and work guidelines of employees. 

The risk management system incorporates: 

  • a clear organisational structure of risk management functions and committees in charge of the system; and 
  • a well-defined system of risk management competences and powers. 

Risk management is integrated into the entire business process of the Group. It is harmonised with the strategy of the Triglav Group and is one of the activities that contribute to the achievement of the Group’s strategic objectives. The integrated risk management system ensures that the typical existing and recurring risks are identified, measured, managed, controlled and reported on an on-going basis.