GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

5

GROUP RISK FACTORS

5.1

5.2

THE GROUP’S MAIN RISKS

106

ORGANISATION OF RISK

MANAGEMENT WITHIN THE GROUP 110

Financial market risks 5.1.1 Insurance risks 5.1.2 Operational Risks 5.1.3

106 107 108 109

Covid-19 5.1.4

105

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES