Risk management

Internal bodies responsible for risk management are the Control and Risk Committee, an advisory body that supports the Board of the Directors in the evaluation, guidance and adequacy of the internal control and risk management system, and the Risk Management Function, which prepares the risk map to which the company is or could be exposed and constantly evaluates the possible onset of new risks taking into consideration all significant elements in the reference or business context.

Risk Management process phases

The company's risk map is updated at least once a year and is submitted to the Control and Risk Committee for approval and, afterwards, to the Board of Directors. The structure of the company's risk map is inspired by the main best practices of the financial sector even if not directly applicable to COIMA RES. The risks exposed in the map also take into account the investment strategy adopted by the company and its status as an SIIQ from which there are constraints on the nature of revenues and capital assets.

The Risk Management Model

The Company adopts an advanced Risk Management Model that combines quantitative analyses for rate, credit and market risks and qualitative analyses for other risks (operational, reputational and strategic) and includes the use of scenario analyses and stress tests aimed at evaluating the degree of exposure to the main risks in adverse conditions.