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Allianz Sticking to ‘Classic’ Life Insurance Model, FTD Says

Allianz SE (ALV)’s Allianz Leben unit is sticking to its “classical” life insurance business model rather than sharing interest-rate risks with clients, Markus Faulhuber, chief executive officer of the division, told Financial Times Deutschland.

Allianz Leben’s competitors are struggling as low interest rates make it difficult for insurers to earn enough to cover the guaranteed payments owed to their clients, Faulhuber told the German newspaper.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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