Risk-based capital regimes in Asia need work – Sigurd Volk profile
The regional chief risk officer at Allianz Asia-Pacific on the twin challenges for insurers of the introduction of risk-based capital frameworks in the region, and an ongoing low interest rate environment
Sigurd Volk’s promotion to regional chief risk officer for German insurer Allianz’s Asia-Pacific business last year meant he took charge at a time of volatile markets, and led him immediately to take a close look at the risks posed by the German insurer’s portfolio.
He immediately saw counterparty risk and an environment of continued low interest rates as the key issues to an insurer that has rapidly grown its life business in the region in recent years. But while both are challenging, he is
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