EUROPEAN RELIANCE GEN INS S A : – Important distinction at Bravo Sustainability Awards 2017

Among 278 initiatives from Enterprises, Local Authorities and the Civil Society, European Reliance was awarded the first prize for Corporate Governance, for taking action and launching initiatives related to the prevention of fraud and the elimination of corruption.

The prize was received on behalf of the Company by the Corporate Social Responsibility Officer Mr Giorgos Gkouskos, who said:

'It is a great honor for European Reliance to receive the first prize for Corporate Governance, in its first nomination at the sustainable development and responsible entrepreneurship awards.

In European Reliance, we believe that managing and fighting fraud is an issue of paramount importance that we must handle in the short and long term.

This award suggests a concrete and moral acknowledgment of all the efforts made by our staff, to ensure solvency, excellent internal organization, transparency and business ethics across our Company.'

A few words for the prevention of fraud and anti-corruption which the Company applies:

European Reliance applies specific provisions such as Corporate Ethics Code, Conflict of Interest Policy, Whistleblowing Policy, Internal Regulation of Corporate Governance, Πολιτική Objections Management Policy and Independent Internal Control.

Τhe Company systematically monitors incidents classified by the involved departments in cases of fraud or corruption and acting immediately to address them to safeguard the interests of the company and the consumers. In 2016, invested in the management and fraud with the adoption of SAS Fraud Framework. The Company has established Anti Division - Fraud and Anti-Money Laundering department.