Allianz leads German insurers in guarantees shake-up
Insurers developing new products to reduce exposure to low rates
German life insurers are pioneering new temporary guarantee concepts in a bid to reduce their exposure to a prolonged low interest rate environment.
Allianz Germany is set to launch a deferred annuity product in July with different guaranteed interest rates for the accumulation phase and pay-out phase. Other German life companies are also understood to be experimenting with ‘abschnittsgarantien' – temporary guarantees – which offer policyholders a high rate of return for a period of time and
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