Allianz CRO: industry and regulators ‘in denial’ over solvency levels

Insurers' heads are in the sand regarding the impact of current market turmoil on their Solvency II-consistent balance sheets, says Tom Wilson

European life insurers and their regulators are “in denial” over the impact of current market turmoil on firms’ Solvency II-consistent balance sheets, according to Tom Wilson, chief risk officer of Allianz. They would be facing 2008-style hits if not for the use of a liquidity premium in discount rates, which is reducing liability values.

Speaking on the sidelines of Life & Pension Risk’s Solvency II conference in London, Wilson said market volatility witnessed over the past couple of months has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here