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This excerpt taken from the NOK 20-F filed Mar 5, 2009. Hazard
risk
Nokia strives to ensure that all financial, reputation and other
losses to the Group and our customers are minimized through
preventive risk management measures or purchase of insurance.
Insurance is purchased for risks, which cannot be internally
managed. The objective is to ensure that Group’s hazard
risks, whether related to physical assets (e.g. buildings) or
intellectual assets (e.g. Nokia) or potential liabilities (e.g.
product liability) are optimally insured taking into account
both cost and retention levels.
Nokia purchases both annual insurance policies for specific
risks as well as multi-line
and/or
multi-year insurance policies, where available.
Table of Contents
This excerpt taken from the NOK 20-F filed Mar 20, 2008. Hazard
risk
Nokia strives to ensure that all financial, reputation and other
losses to the Group and our customers are minimized through
preventive risk management measures or purchase of insurance.
Insurance is purchased for risks, which cannot be internally
managed. The objective is to ensure that Group’s hazard
risks, whether related to physical assets (e.g. buildings) or
intellectual assets (e.g. Nokia) or potential liabilities (e.g.
product liability) are optimally insured taking into account
both cost as well as retention levels.
Nokia purchases both annual insurance policies for specific
risks as well as multi-line
and/or
multi-year
insurance policies, where available.
Table of Contents
This excerpt taken from the NOK 20-F filed Mar 2, 2006. Hazard risk Nokia strives to ensure that all financial, reputation and other losses to the Group and our customers are minimized through preventive risk management measures or purchase of insurance. Insurance is purchased for risks, which cannot be internally managed. Nokia's Insurance & Risk Finance function's objective is to ensure that Group's hazard risks, whether related to physical assets (e.g. buildings) or intellectual assets (e.g. Nokia) or potential liabilities (e.g. product liability) are optimally insured. Nokia purchases both annual insurance policies for specific risks as well as multi-line and/or multi-year insurance policies, where available. This excerpt taken from the NOK 6-K filed Feb 16, 2006. Hazard risk Nokia strives to ensure that all financial, reputation and other losses to the Group and our customers are minimized through preventive risk management measures or purchase of insurance. Insurance is purchased for risks, which cannot be internally managed. Nokia's Insurance & Risk Finance function's objective is to ensure that Group's hazard risks, whether related to physical assets (e.g. buildings) or intellectual assets (e.g. Nokia) or potential liabilities (e.g. product liability) are optimally insured. Nokia purchases both annual insurance policies for specific risks as well as multi-line and/or multi-year insurance policies, where available. This excerpt taken from the NOK 20-F filed Mar 8, 2005. Hazard risk Nokia strives to ensure that all financial, reputation and other losses to the Group and our customers are minimized through preventive risk management measures or purchase of insurance. Insurance is purchased for risks, which cannot be internally managed. Nokia's Insurance & Risk Finance function's objective is to ensure that Group's hazard risks, whether related to physical assets (e.g. buildings) or intellectual assets (e.g. Nokia brand) or potential liabilities (e.g. product liability) are optimally insured. Nokia purchases both annual insurance policies for specific risks as well as multi-line and/or multi-year insurance policies, where available. This excerpt taken from the NOK 6-K filed Feb 28, 2005. Hazard risk Nokia strives to ensure that all financial, reputation and other losses to the Group and our customers are minimized through preventive risk management measures or purchase of insurance. Insurance is purchased for risks, which cannot be internally managed. Nokia's Insurance & Risk Finance function's objective is to ensure that Group's hazard risks, whether related to physical assets (e.g. buildings) or intellectual assets (e.g. Nokia brand) or potential liabilities (e.g. product liability) are optimally insured. Nokia purchases both annual insurance policies for specific risks as well as multi-line and/or multi-year insurance policies, where available. | EXCERPTS ON THIS PAGE:
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