Governance

Head of Risk management Function: Ing. Lisa Cattaneo

The Risk Management Function performs the tasks set out in IVASS Regulation No. 38/2018, including:

• contributing to the definition of the risk management policy and operational limits;
• validating information flows to control risks exposure;
• contributing to the risk and solvency assessment activities;
• redacting reports for the Board of directors and the internal stakeholders on the evolution of risks;
• verifying the consistency of the risk assessment models with the daily company’s operations;
• verifying the consistency of the internal model with the company’s risk profile;
• monitoring the implementation of the risk management policy.

Head of Actuarial Function: Dott. Vincenzo Suriano

The Actuarial Function performs the tasks set out in IVASS Regulation No. 38/2018, including:

• coordinating the calculation of technical provisions;
• controlling the adequacy of the methodologies, underlying models and assumptions on which the calculation of technical provisions is based;
• assessing the quality of the data used to calculate technical provisions;
• assessing the overall underwriting policy.

In order to contribute to the effective implementation of the risk management system, the Actuarial Function provides support to the Risk Management Function with respect to:

• identify and map the risks to which the Company is or may be exposed;
• define methodologies for calculating the capital requirement of technical risks, both in a current and prospective perspective, within the ORSA process;
• risk analysis and assessment through quantitative and/or qualitative methodologies;
• assessments within the framework of stress testing activities;
• preparation of reports to the administrative body.

Head of Internal Audit function: Dott.ssa Paola Pulidori

The Internal Audit Function performs the tasks set out in IVASS Regulation No. 38/2018, including verifying:

• the accuracy of management processes and the effectiveness and efficiency of organisational procedures;
• the regularity and functionality of information flows among the Company;
• the adequacy of information systems and their reliability so that the quality of the information on which top management bases its decisions is not affected;
• the compliance of administrative and accounting processes with the criteria of accuracy and regular bookkeeping;
• the effectiveness of the controls carried out on outsourced activities.

Furthermore, the head of the Internal Audit Function is responsible for achieving the objectives of the Internal Audit Policy and communicates to the administrative body the assessment of the results and any malfunctions and critical issues.

Head of Compliance Function: Dott. Alessandro Nespoli

The Compliance Function performs the tasks set out in IVASS Regulation No. 38/2018, including:

• identifying on an ongoing basis the rules applicable to the company, assessing their impact on the company’s processes and procedures, providing support and advice to the corporate bodies and other corporate functions on matters for which the risk of non- compliance is relevant;
• assessing the adequacy and effectiveness of the organisational measures adopted to prevent the risk of non-compliance with regulations and proposing organisational and procedural changes aimed at ensuring adequate risk control;
• assessing the effectiveness of the organisational upgrades resulting from the suggested changes;
• preparing adequate information flows to the corporate bodies of the company and to the other structures involved.

The Function also promptly informs the corporate bodies and the other Functions concerned of cases of significant exposure to the risk of non-compliance or of significant breaches of the compliance system (whether or not requiring timely notification to the Supervisory Authority by law) detected during checks carried out on a programmatic or ad hoc basis.