Groupama // 2021 Universal Registration Document

5 GROUP RISK FACTORS

5.1

5.2

THE GROUP’S MAIN RISKS

110

ORGANISATION OF RISK

MANAGEMENT WITHIN THE GROUP 114

Financial market risks 5.1.1 Insurance risks 5.1.2 Operational Risks 5.1.3 War in Ukraine 5.1.4

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Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES