Risk as a core competence
Dealing professionally with risks is one of the Vienna Insurance Group's core competencies. The insurance business consists of the conscious assumption of various risks and their profitable management. One of the primary responsibilities of VIG's risk management is to ensure that the obligations assumed under insurance policies can be fulfilled at all times.
The Vienna Insurance Group’s corporate risk management department defines framework guidelines for all Group companies. The Group companies are responsible for managing their risks within the prescribed ranges.
Great importance is attached to the expansion and ongoing optimisation of the comprehensive systematic risk management process for Vienna Insurance Group. This also applies to the creation of an appropriate risk and control culture in the Group. Transparent and comprehensible decisions and processes within the Company make a significant contribution to this.