Risk management discipline is built into our corporate culture and processes and is an important consideration as we manage our risk exposure on both the asset and liability sides of our balance sheet. Our underwriting approach gives careful consideration to controls in the selection of risk, deployment of capital, and management of aggregates and delegated authorities. We see risk as more than just a potential for loss, but also as a potential for opportunity.
We consider ERM the responsibility of every employee. With oversight by Christopher Gallagher, Chief Risk Officer & Group Actuary, and active engagement from individual risk owners, our business units and our functional teams, we maintain transparent communications and successfully execute our risk strategy.
Sompo International maintains a corporate risk scorecard that monitors all risks and their correlations across the organization encompassing underwriting, catastrophe, reserving, investment, counterparty, and operational risks. We regularly assess the controls that are in place for each risk category and we continue to strengthen these controls as we gain insights from external events. Our risk assessment is supported by our modeling capabilities for each of these risk categories, as well as by our economic capital model, however, we believe it is critical to maintain an appropriate balance between a technical approach to measuring risk and realistic scenarios to stress-test our thinking and to plan for emerging risks.
View the Solvency and Financial Condition Reports of Endurance Worldwide Insurance Limited and Sompo Japan Nipponkoa Insurance Company of Europe Limited, wholly owned subsidiaries of Sompo Holdings, Inc.