Significant risks and uncertainties

Risk management is firmly anchored in the management culture of the Company and builds on a clearly defined conservative risk policy, extensive risk expertise, a developed risk toolkit and risk-based Managing Board decisions. The detailed risk report of VIG Insurance Group including the impact of climate change and the associated climate risks can be found the notes to the consolidated financial statements in the section “Risk strategy and risk management” starting on page 297.

For information on the financial instruments used for investments, reference is made to Note 2. Financial assets and liabilities as well as other balance sheet items evaluated according to IFRS 9 starting on page 207, Note 24.4. Financial instruments starting on page 278 and the risk report starting on page 297.