Compliance-System at ERGO AustriaCompliance-System at ERGO Austria
The duties of the ERGO Compliance unit include:
- Systematic identification and analysis of relevant risks;
- Defining and continuously improving corporate compliance rules and guidelines;
- Informing, training and advising members of the Management Boards, staff and sales partners;
- Monitoring that regulations are adhered to and identifying breaches.
Furthermore, the compliance organisation of ERGO Versicherungs AG and ERGO Austria International AG remains in close contact with the compliance team at ERGO Group AG.
DutiesDuties
Risk analysesRisk analyses
The core of the Compliance Management System is a systematic and comprehensive risk Analysis. The results create the basis for the activities of ERGO Compliance. ERGO Compliance assesses the relevant risks in the individual business segments according to a uniform method and involves the respective experts and people in charge in the Company.
The risk analysis comprises the following steps:
- Development of risk scenarios
- Checking in which company units or business processes these risks could occur
- Assessment of their possible impact and their probability
- Specification of whether action is required, and if so, which measures are required beyond those already in place
The risk analysis is carried out at least once each year and ad hoc where required. The ERGO Board of Management is regularly notified of the results and any major changes.
Rules and guidelinesRules and guidelines
Adhering to laws and regulations is, of course, obligatory for all employees, as well as abiding by corporate standards. It is only in this way that economical, liability and reputation risks can be avoided by ERGO in the long term.
Information, training & advice Information, training & advice
Regular communication on compliance topics is an important part of our Compliance Management System and heightens employees’ awareness, thereby reinforcing the culture of compliance within the organisation. This is achieved through internal communication channels such as the intranet or print magazines, as well as regular training events. The latest guidelines are always available on the intranet.
Identifying and handling breaches Identifying and handling breaches
Violations of statutory provisions or Code of Conduct rules and internal guidelines are not tolerated at ERGO, they are clarified and punished as appropriate. Each incident is individually assessed and sanctioned depending on the extent of the infringement. Checks are also carried out as to whether guidelines or processes in the Company need to be changed.