Corporate Governance - Compliance

Compliance at ERGO

“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.

ERGO Compliance Management System

The portfolio of responsibilities of ERGO Compliance include the systematic risk analysis and the continous improvement of corporate compliance rules as well as the training and advising of colleagues and the identification of breaches.

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Measures

Violations of statutory provisions or Code of Conduct rules and internal guidelines are not tolerated at ERGO, they are clarified and punished as appropriate.

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