Claims and underwriting processes are subject to regular review from internal and external audit and from reinsurers. Exposures to insurance are managed through Reinsurance, reducing claims volatility and providing access to global expertize in specialist areas. From Pricing perspective the Product actuary prepares the cash flows based on various assumptions, conducts profit testing, sensitivity analysis and determine the premium rates. All product developments consider risk management and mitigation strategies ensuring that the risks accepted, and reward in terms of value creation, consistent with the Risk Management Policy.