Significant events after the balance sheet date

Significant events after the balance sheet date are presented on page 230 (see Notes) in the notes to the financial statements.

Research and development

Vienna Insurance Group is providing professional assistance for the development of insurance-specific software.

Risk management and financial instruments

The Vienna Insurance Group risk management system is firmly anchored in the management culture of the Company and is based on a clearly defined, conservative risk policy, extensive risk expertise, a highly developed set of risk management tools, and risk-related Managing Board decisions.

The detailed risk report for Vienna Insurance Group is provided in the notes to the consolidated financial statements on page 147 (see Notes).

For information on the financial instruments used, please see the notes to the consolidated financial statements (Summary of significant accounting policies) and the risk report (starting on page 147 (see Notes)).