2011 Annual Report - Italcementi Group

Financial disclosure risks
The main characteristics of the risk management system and the internal control system
with respect to the financial disclosure process are illustrated in a specific chapter of the
“Corporate Governance” report in the Italcementi S.p.A. annual report.
Insurance
In the interest of all Group subsidiaries, Italcementi has taken out policies with leading
insurance companies to cover risks to people and assets, as well as product and general
third-party liability covers. As part of its risk coverage policy, the Group aims to optimize
risk management costs by assessing direct assumption and transfer to the market. All
policies are negotiated under a framework agreement to ensure a balance between the
probability of a risk occurring and the damage that would ensue for each subsidiary.
44