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AG Insurance

PRI reporting framework 2020

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Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Investment is a major activity within AG Insurance. It is at the same time a major source of income and a major source of risk. It is therefore essential that investments are managed taking into account policyholders’ and shareholders’ requirements while fully taking into account AG Insurance’s risk appetite. Investments are made with the judgement and care which persons of prudence, discretion and intelligence exercise in the management of their own affairs under circumstances then prevailing.

AG Insurance applies a 2-pillar approach to Socially Responsible Investments (SRI):

  • Exclusion of controversial activities
  • Integration of ESG factors in investment decisions

The SRI internal guidelines have the ambition to apply to the full scope of the asset universe available to CIO, including equities, bonds, loans and infrastructure, and applies to all assets managed by CIO or external parties appointed by CIO on the general account, segregated accounts and unit-linked investment funds.

Since 2018, AG Insurance has aligned its corporate strategy with the United Nations Sustainable Development Goals (SDG). Out of the 17 goals, we have selected 10 where we believe we can have an impact via our activities, services and products, and thereby contribute to reaching these long-term objectives.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

It is forbidden for CIO team members to mix private interests with professional interests. Purpose of this interdiction is to avoid confusion and to substantially decrease the risk for insider trading and conflicts of interest.

All employees who might have access to sensitive information have to read, agree and sign a Code of conduct/Insider.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Not Completed)


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