Risk appetite is defined as the level and type of risk a.s.r. is willing to bear in order to meet its targets while maintaining the right balance between risk, return and capital. a.s.r.’s risk appetite contains a number of qualitative and quantitative Risk Appetite Statement (RAS) and gives direction to the management of both financial risks (FR) and non-financial risks (NFR). The statements highlight the organisation’s risk preferences and limits and are viewed as key elements for the realisation of a.s.r.’s strategy.

According to the annual risk management cycle in 2023, to ensure alignment with a.s.r.’s (risk) strategy, the RAS and RAS limits were evaluated and updated by the MB and approved by the SB. The RAS of a.s.r. can be found in section 7.8.1.1.1.