Significant risks and uncertainties

The risk management system is firmly anchored in the management culture of the Company and is based on a clearly defined, conservative risk policy, extensive risk expertise, a developed set of risk management tools and risk-based Managing Board decisions. The detailed risk report for VIG Insurance Group, including impacts of climate change and the associated climate risks, is provided in the notes to the consolidated financial statements starting on page 102.

For information on the financial instruments used for investments, please see the notes to the consolidated financial statements (Principles of significant accounting policies) and the risk report (starting on page 102).