We set high priority for good corporate governance to ensure the organization’s integrity in its responsibility toward its key
The Prudential Group gives high priority for good corporate governance and believes that this is the heart in the running of its business. Together with the Group’s philosophy of “always listening”, it has drawn up the Code of Conduct that sets the values and standards required across the Group, in its “Group Governance Manual”. The Code forms the basis of the organization’s integrity in its responsibility toward its customers, shareholders, business partners, competitors, regulators and all its employees. The management and employees of Prudential Life Assurance (Thailand) Public Company Limited shall strictly follow the framework of this code, which are
The Governments and Regulators
Risk Management is indeed an important process that protects, safeguard and furthers the organization to achieve its objectives and targets. Through this process, the company will be able to efficiently manage uncertainties in the changing situations and reduce the impact of unpredictable outcomes of its strategic directions, decisions and operations.
The meaning of Risk Management
“Risk Management” is a process of planning, managing and regulating the core business of the company in an integrated way in order to reduce the impact from volatile situations that the company may face. Risk management takes into account the company’s size, complexity, objectives and targets when making its assessments.
The company’s risks can be categorized into the following criteria
The Risk Management Process
REMARKS: The Office of the Insurance Commission (OIC) has announced that all life insurance companies and all their branches that are granted the life insurance license to operate their business in the Kingdom shall draw up a comprehensive Risk Management plan. The plan shall spell out causes of risks, types of risks, the company’s risk appetite, risk evaluation and prioritization, risk management and the monitoring process for each type of risk. The company shall communicate its risk management process throughout the organization so that these will be strictly adhered to.