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PRESENTATION OF THE GROUP AND ITS ACTIVITIES
1.7 Risk analysis
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Registration Document 2016 — Capgemini
1.7.6
The Group Insurance Department reports to the Group Finance
Department and is responsible for the design, placement and
monitoring of all non-life insurance policies. The management and
coordination of employee benefits insurance is overseen by a joint
governance body representing the Finance Department and the
Group Human Resources Department.
encourage operational unit managers to commit to risk prevention
and out-of-court settlement of claims, without exposing the Group
as a whole to significant financial risk.
under contacts signed with clients. Deductibles are set so as to
taking account of legislation and specific risks in each country and
the emergence of new risks, as well as changes in major exposure
insurance and reinsurance market is to adjust insurance coverage
to the maximum replacement value of assets to be insured, or in
the case of liability insurance, to an estimate of its own risks and
reasonably foreseeable third party risks in its business sector,
The Group risk management and insurance policy encompasses
the assessment, prevention and transfer of all or part of the risks
relating to individuals, its assets and equipment under the Group’s
responsibility. The Group’s strategy for transferring risks to the
indemnity
Commercial general liability and professional
of the worldwide insurance and reinsurance markets.
program, including coverage limits, are periodically reviewed and
adjusted to reflect changes in risk exposure, due particularly to
legislation, the Group’s activities, new countries where Capgemini
operates and changes in client contracts, as well as the evolution
damage caused to third parties within the course of our usual
business activities, everywhere in the world. This insurance
program is structured in layers contracted with highly reputable
leading insurance companies. The terms and conditions of this
insurance program covering the financial consequences of their
commercial general liability and professional indemnity,
i.e.
, any
indirect control), is insured by a worldwide integrated Group
This insurance program, which is key for clients, is designed,
taken out and managed centrally at Group level. Any entity in
which Cap Gemini S.A. has 50% or more ownership (direct or
operation for several years.
The €20 million primary layer of this program is reinsured through
a consolidated captive reinsurance subsidiary and has been in
Property damage and business interruption
significant increase and the concentration of employees.
subsidiaries worldwide. Its real estate policy is to rent rather than
to buy its business premises, and consequently it owns little
property. Nevertheless, India can buy premises due to its
The Group has set-up an integrated property damage and
business interruption insurance program covering all of its
is assessed and insured to the extent possible, based on
knowledge of the materiality of the risk and the available offering in
the insurance market.
largest site, which is located in India, employs nearly 8,800 people
in a number of different buildings. Client and supply shortage risk
surface area of 4,000 square meters. Some of the Group’s
consultants work off-site at client premises. This geographical
dispersion limits risk, in particular the risk of loss due to business
interruption that might arise from an incident at a site. The Group’s
Capgemini’s business premises are located in a wide variety of
countries, and the Group operates at multiple sites in most of
them. The Group has slightly over 380 sites with an average
Employee benefits and mobility insurance
employees throughout the world. Risks concerning medical
emergencies, personal security, assistance and repatriation of
employees working outside their home countries, is managed
centrally at Group level
via
global insurance policies.
The Group uses specialist companies to train and assist its
Employee benefits insurance programs (death and disability,
healthcare, medical costs, pensions, etc.) are tied to the different
benefits received by employees and are generally managed by the
with local legislation and develop, standardize and improve current
coverage, in accordance with the different regulations in the
relevant countries and to optimize traditional and/or alternative risk
transfer/financing mechanisms.
Human Resources Departments in each country. The Group
Insurance and Human Resources Departments are jointly
responsible for the management and international coordination of
these programs. The main objectives are to ensure compliance
Other risks
Crime and fidelity coverage (especially for information systems) is
managed centrally at Group level
via
a global insurance program.
All other risks - including motor vehicle, transport of goods, and
employer liability for accidents at work - are insured locally using
insurance policies that reflect local regulations.
the insurance and reinsurance market.
Capgemini is not specifically insured against these risks in any
country in which it operates. Some risks are excluded from
coverage or restricted under the general conditions imposed by
Pollution risks are low in an intellectual services business, and