Groupama // Universal Registration Document 2022

5

GROUP RISK FACTORS

5.1

5.2

THE GROUP’S MAIN RISKS

130 130 132 133 134

ORGANISATION OF RISK MANAGEMENT WITHIN THE GROUP 135

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

129

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES