Risk management/Insurance
ETH Zurich's risk management covers the entire institution and takes into account both internal and external risks, using the internationally established standards for risk management ISO 31000 as its reference point. Risks are systematically and continuously identified, analysed, recorded and monitored. The comprehensive approach also recognises compliance, environmental and procurement risks. ETH Zurich risk management aims to protect the material and intangible assets essential to ETH Zurich's success, particularly its human capital, infrastructure and reputation.
The federal government's decision of 19 January 2005 commits ETH Zurich to managing risk responsibly.
The following comprise the formal basis for risk management:
- external pageFederal Act on the Federal Institutes of Technology (ETH Act, Art. 35abis)
- Ordinance on Finance and Accounting in the ETH Domain external pageArt. 21 2b (G, F, I only)
- Guidelines on Risk Management at ETH and research institutes (German only)
- Art. 123/124of the ETH Zurich financial regulations
While the overall responsibility for risk management is in the hands of the President, the Vice President Finance and Controlling is responsible for its execution. The Risk Management Commission, chaired by the Vice President Finance and Controlling, advises the President and the Executive Board on matters relating to risk management, risk financing and insurance. It also determines and supervises the procedure for identifying, evaluating, handling and monitoring risk.
The Risk Management Commission advises the President and the Executive Board on matters relating to risk management, risk financing and insurance. It regularly assesses the risk, damage and insurance situation at ETH Zurich and supports the university’s various institutions in coordinating and organising risk management.
Insurance contracts are concluded as a measure to avoid and minimise risk.
The Office of Finance and Controlling coordinates all insurance policies apart from personal insurance.
When concluding insurance contracts, the relevant regulations on public procurement should be observed.
For further details, please click on the following topics:
Please also note the following article in the financial regulations:
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Bereich VP Finanzen & Controlling
Binzmühlestrasse 130
8092
Zürich
Switzerland