In addition to credit risk, market and liquidity risk, the Group identifies and manages risks within the following areas: Operational risk: The risk of losses owing to deficient or erroneous internal procedures, human or system errors, or external events. Business risk: The risk of losses emanating from changes in external circumstances or events that harm the Group's image or earnings. Pension risk: The risk of a pension shortfall in the Group's pension plans which means that it will have to make additional contributions to cover its pension obligations towards current and former employees. Insurance risk: The risk that Danica Pension suffers losses because of the year's returns on customer funds are inadequate to cover the customers guaranteed benefits, any necessary increase in life insurance provisions, and other obligations.