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Allianz reacts to alarming rates

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Magazine Issue: 
Alarm over the European Insurance [3]
Magazine date: 
Dec 2019

AllianzAllianz reassures its customers. The German insurer reaffirms its financial strength and its willingness to react to the low rates that are undermiming the market.

In Germany, Allianz reduced its product remuneration rates yet kept them high: 3.1% for standard contracts, with a guaranteed interest rate of 2.5% and 3.4% for contracts with Perspektive guaranteed participation, including a guaranteed rate of 2.6%.

In France, while Swiss Life and Generali are reducing the remuneration of their life products to 1% [4] , Allianz France still stands in its position. Nevertheless, the German insurer intends to direct its clients towards riskier yet more profitable contracts.

Mon, 16/12/2019 - 17:00

Source URL: https://www.atlas-mag.net/en/article/allianz-reacts-to-alarming-rates

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[4] https://www.atlas-mag.net/en/article/swisslife-and-generali-reduce-the-remuneration-of-their-life-products-to-1