Governance
“Tunis Re, in the development of its activity at the local and regional markets, is exposed to several risks. It has set up an integrated risk management system which has evolved over the years and which is intended to:
- Identifying potential events that could affect the business,
- Controlling risks so that they fall within the limits of its risk appetite,
- Providing reasonable assurance regarding the achievement of the company’s objectives.
Events of internal or external origin likely to affect the achievement of Tunis Re’s objectives have been identified and recorded in a Risk register based on a regular and comprehensive risk analysis.
In order to improve the control of the risks to which it is exposed, in particular the risk quantification process, Tunis Re has chosen to set up an internal risk-capital model.
This model covers the following risk categories:
- Underwriting risk: premium risk and provision risk,
- Market risk: equity risk, interest rate risk and currency risk,
- Counterparty risk.