Group Risk Management Function

Introduction:

GIG’s leadership recognizes the centrality of Risk Management to decision‑making and corporate governance. Stronger risk culture in a complex, dynamic business environment enables the Group to anticipate uncertainty, manage with confidence and unlock value.

2007‑2010

Established RM Foundations

2011-2013

Conducted Risk Assessment

2014-2017

Developed Group-wide Strategy

2018‑Present

Enhancing Comprehensive RM

2025

ERM Highlights

  • Maintained strong Group credit ratings, with affirmations on “A” ratings from AM Best, Moody’s and S&P despite a challenging operating environment.
  • Led the development and implementation of a Group‑wide Reinsurers’ Policy, strengthening governance whilst preserving operational efficiency.
  • Streamlined internal risk processes and material controls.
  • Conducted proactive and independent risk assessments, advancing technical and operational risk practices across the Group.
  • Actively participated in strategic Group initiatives and cross functional risk workgroups.
  • Strengthen governance through scenario‑testing, business continuity planning, and disaster recovery capabilities.

2026 — Looking Ahead

ERM Initiatives

Enhance risk oversight across subsidiaries and core business activities.

Implement a renewed risk culture aligned with operational and strategic objectives.

Advance digital ERM capabilities to improve visibility, monitoring, and reporting.

Strengthen resilience in priority areas, including cybersecurity, third-party risks, and operational continuity.

Continue collaboration on Governance, Risk, and Compliance (GRC) initiatives.