Risk report

Besides the repercussions of the financial crisis, no risks have as yet emerged that could jeopardize the Talanx Group or significantly impair its assets, financial position or net income. Substantial capital, reserves and underwriting provisions have been built up in order to cover for the financial consequences of conceivable risks.

The risk situation of the Talanx Group can be broken down into the risk categories described below. They are based on German Accounting Standard DRS 5-20:

• underwriting risks
• default risks in insurance business
• investment risks
• operational risks
• other risks