Risk Management

R for Risk

1. Strategic goal of the department
   This is where VIG's risk profile is identified, measured and evaluated. Based on this, the Managing Board is supported in risk management with recommendations and alternative courses of action. In addition, an important contribution is made to the annual rating process with Standard & Poor's. There is also a special focus on capital investment and the associated risks by centrally servicing the administration and risk management system to ensure uniform data and methods.
2. Core tasks:
   To provide information bases that enable the Board of Management to increase the profitability of the company in a sustainable and risk-conscious manner as part of its management duties.
3. Daily Business:
   • The "Risk Steering" team monitors, analyzes, and documents the risk profile of the VIG Group.
   • The "Risk Measurement" team centrally provides capital market input data and a risk aggregation tool, which is used to determine the solvency capital requirement.
   • The "Internal Models" team is responsible for the application and further development of the supervisory-approved internal models in the non-life and property sectors.
   • The "Mid-Office" team focuses on conducting risk analyses for capital investments and overseeing the group-wide operation of associated systems.