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 Statements (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 2024, to ensure alignment with a.s.r.’s overall strategy and risk strategy, the RAS and RAS limits were evaluated and updated by the MB and approved by the SB. See section 7.8.1.1.1 for a.s.r.’s RAS.