At MetLife, we are in the business of mitigating risk and protecting families and their futures. MetLife has a well-established risk management framework that constantly evolves and is designed to address material financial and non-financial risks to our business.
Our risk and control framework operates under a “Three Lines of Defense” model where everyone is responsible for risk management. Global Risk Management (GRM), the second line of defense, coordinates across risk committees to identify, measure, monitor, manage and report across the company.
MetLife’s risk management framework provides strong governance through multiple Board and senior management risk committees. ESG risks, including climate risks, are within the purview of multiple Board and senior management committees, as they underpin all aspects of risk management. These committees are established at the enterprise, regional and local levels, as needed, to oversee capital and risk positions, approve asset liability strategies and establish certain corporate risk standards. The risk committee structure is designed to provide a consolidated enterprise-wide assessment and management of risk. The committees are comprised of senior leaders from the lines of business and corporate functions as appropriate (e.g., Legal Affairs, Finance, Information Security, Actuarial Services, Internal Audit, etc.) which helps ensure comprehensive coverage and sharing of risk reporting.
Learn more about our corporate governance and find MetLife policies, data and reports on topics such as governance and compliance, supply chain and human capital.