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F
Risks analysis [G4-14]
F.6
Claims and litigation
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Insurance
F.5.3
Global insurance policies have been taken out with reliable
total Group revenue.
total cost of these policies in 2016 represented circa 0.16% of
appropriate insurance coverage for its worldwide operations. The
international insurance companies, providing the Group with
Interruption insurance. In 2014, the Property Damage and
insurance and on April 1 for Property Damage and Business
managed centrally at renewal on January 1 for Liability
The most important global insurance programs are bought and
were both renewed for limits respectively of € 200 million and
Business Interruption policy and Professional Indemnity policies
€ 150 million. Several additional policies cover insurable
and risk exposures.
maintained at cover limits commensurate with the Group’s size
business risks such as general liabilities or car fleet, and are
Deductible retentions are used both to promote good risk
level of premiums.
management practices and to control the quantity of claims and
local regulations, customs and practice. These include
Each country also contracts insurance policies in accordance with
employers’ liability, workers compensation and employee travel.
some layers of the property policy and professional indemnity
Atos’ wholly-owned reinsurance company provides insurance for
operations.
policies, which are the most critical policies for the Group’s
mandatory process of risk management is used as described in
damage or loss. In offers and contracts a uniform and
events as well as ensuring business continuity in the event of
locations to protect assets from fire and other unexpected
previous chapter.
to quality risk management processes deployed at all key
Insurable losses are not a frequent occurrence. This is partly due
Atos reinsurance company who maintains adequate net equity
Risks are also monitored by the Underwriting Committee of the
surveys and analysis to monitor the relevance of Atos’ insurance
reinsurer. The Underwriting Committee also carries out regular
risks, and ensures a satisfying diversification of external
and technical reserves commensurate with the level of insured
cover.
Claims and litigation
F.6
number of claims or actions made involving the Group. Having
there are no claims, and in others there are only a very small
countries. In many of the countries where the Group operates
The Atos Group is a global business operating in some 72
litigation remains low.
regards to the Group’ size and revenue, the level of claims and
which effectively monitors contract management from offering
intervention of a fully dedicated Risk Management department,
quality of the services performed by the Group and the
self-insurance incentives and the vigorous promotion of the
are subject to legal reviews by the Group Legal Department.
monitored, reported and managed in an appropriate manner and
All potential and active claims and disputes are carefully
through delivery and provides early warnings on potential issues.
The low level of claims and litigation is attributable in part to
to the Group.
against the Group were successfully resolved in terms favorable
During the second half of 2016, some significant claims made
Group Management considers that sufficient provisions have
been made.
(including tax claims but excluding labour claims).
for the identified claims and litigations, added up to € 53 million
consolidated accounts closed as of December 31, 2016, to cover
The total amount of the provisions for litigation risks, in the