In its ORSA, the insurance subsidiary's central risk team estimates that the one-year expected losses, the standard deviation of losses and the correlations between the losses from market, credit and operational risk (compared to the risks priced into its products) are as follows, wherecorresponds to market risk,corresponds to credit risk,corresponds to insurance risk andcorresponds to operational risk, the expected (i.e. mean) annual loss from the'th risk type is, the standard deviation of the annual loss for the'th risk type isand the correlations between losses arising from the'th andthe'th risk type isand (in vector / matrix form):