The professional and responsible management of risks is one of Vienna Insurance Group's core competencies. The insurance business is based on the conscious assumption of a wide variety of risks with the aim of managing them sustainably and profitably. One of the key tasks of VIG's risk management is to ensure that the obligations arising from insurance contracts can be met at all times.
The Vienna Insurance Group's central risk management department defines binding framework guidelines for all insurance companies and financial service providers within the Group. Within these clearly defined parameters, the individual companies are responsible for the operational management of their risks and implement the guidelines independently.
Particular emphasis is placed on the continuous development of a holistic and systematic risk management process. Equally important is the promotion of a strong risk and control culture throughout the Group. Transparent decision-making processes and comprehensible measures form the basis for responsible action and sustainable corporate governance.