“Compliance” means abiding by any applicable laws or corporate rules and principles.
The Compliance Management System at ERGO pursues a number of aims:
- To ensure the observance of statutory and internal regulations as well as those imposed by regulatory authorities which are relevant to our business
- To avoid risks pertaining to liability, criminal punishment and to our Company’s reputation, its governing bodies (e.g. Management Boards, Supervisory Boards) and employees, and
- To protect customers’ interests in accordance with our claim “To insure is to understand”.
ERGO’s Compliance Management System is controlled by the compliance unit (ERGO Compliance). The team, headed by the Chief Compliance Officer, reports directly to the Chairman of the Board of Management of the insurance group.