NÜRNBERGER Allgemeine Versicherungs-AG

Climate Impact & Sustainability Data (2023)

saved approximately 1.5 million printed pages in correspondence with customers through the development of our customer portal

achieved 50% women representation in the Supervisory Board, exceeding the target of 33.3%
awarded the renowned Corporate Health Award in the highest category "Excellence"
certified by "audit berufundfamilie"
received Top Employer certification for 2024

implementation of CSRD preparations in coordination with its subsidiaries
new reporting according to CSRD requirements will be an integral part of the Group Management Report for the 2024 financial year

increased claims expenses due to inflation and natural disasters
significant increase in the gross loss ratio to 107.1% (99.4% in the previous year)
loss in both gross and net accounting before fluctuation reserves due to lack of relief from reinsurance
significant decrease in net income from investments due to the absence of a special effect in the previous year

solid calculation based on recognized mathematical methods
cautiously selected accounting principles
use of data from external data pools and the overall market
clearly defined acceptance guidelines and extensive risk assessment before contract conclusion
provisions for incurred but not yet finally settled insurance cases
use of experience values and actuarial test methods to reduce reserve risk
constant monitoring of the settlement of these reserves
fluctuation reserve to smooth the claims trend
high individual and cumulative risks are passed on to reinsurers

Frameworks Used: CSRD

Certifications: audit berufundfamilie

Third-party Assurance: PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft