Nissan 2011 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2011 Nissan annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 46

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46

Mid-term Plan
Maintaining Trust Through Transparency
Performance Corporate Data
Corporate Governance
Nissan Global Reinsurance, established in Bermuda, reinsures a certain amount of risks for each
of our global programs.
Utilization of a captive insurance company enables the following:
• Helps to reduce insurance cost by obtaining minimum necessary insurance in excess of self-
retention on a consolidated basis
• Each group company can obtain necessary coverage
• Can gather and analyze loss data below self-retained limit
Loss prevention activities
Nissan conducts loss prevention activities to improve loss results and reduce the premium cost on
an ongoing basis. After global insurance programs have been introduced, loss prevention activities
are promoted more actively and globally to maintain low premium rates. Examples of Nissan’s loss
prevention activities include conducting risk engineering surveys and obtaining recommendations for
safety from third-party experts, creating manuals for actions in the event of typhoons and
constructing hail nets to prevent hail damage.
44
NISSAN Annual Report 2011