Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Allianz SE    ALV   DE0008404005

ALLIANZ SE

(ALV)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Insurers expect few clashes between EU and UK over capital rules

10/06/2020 | 07:14am EST
EU flag are placed on broken glass and British flag in this illustration picture taken

LONDON (Reuters) - Separate reviews in the European Union and Britain of capital requirements for insurers are likely to produce a similar set of rules for cross-border firms, insurers said on Tuesday.

Since the capital rules were introduced by the EU in 2016, markets have evolved, with central banks pushing interest rates into negative territory to fight the coronavirus pandemic.

The European Commission will propose draft amendments to the rules and their implementing measures next summer, the EU executive's head of insurance Didier Millerot told an online event held by trade body Insurance Europe.

In Britain, some insurers and lawmakers want to scale back Solvency II, introduced into UK law as part of Brexit preparations, and the Bank of England has signalled there will be some changes at least.

Britain will no longer be bound by EU rules after Dec. 31, when post-Brexit transition arrangements expire, but Olav Jones, deputy director general, Insurance Europe, said Britain will be seeking similar changes to those EU insurers want to make.

"They have a similar market. Largely we have the same business models and the same challenges and seeking the same improvements to Solvency II," Jones said.

Alban de Mailly Nesle, group chief risk and investment officer at French insurer Axa, which has operations in London, said he expected the bloc and Britain to have "relatively similar" regulation in the future.

Major divergence could complicate Britain's access to the EU insurance market in future.

Solvency II does not allow for a prolonged period of negative interest rates, and current capital charges should change to reflect such rates were now reality in the euro zone, Insurance Europe said.

The trade body said EU insurance watchdog EIOPA's went too far in its view on how deep rates could go.

"The floor that EIOPA is proposing is far too low and negative," Jones said.

"We recognise this needs to be dealt with, but we do have some different views about exactly how it should be done."

(Reporting by Huw Jones and Carolyn Cohn,; Editing by Tomasz Janowski)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALLIANZ SE -0.46% 198.14 Delayed Quote.-9.28%
ASSICURAZIONI GENERALI S.P.A. 0.00% 14.47 Delayed Quote.-21.34%
AVIVA PLC -0.83% 324.1 Delayed Quote.-22.59%
AXA -0.28% 19.732 Real-time Quote.-21.42%
EURO / BRITISH POUND (EUR/GBP) 0.05% 0.89886 Delayed Quote.5.49%
M&G PLC 0.34% 193.45 Delayed Quote.-18.44%
RSA INSURANCE GROUP PLC -0.09% 674.4 Delayed Quote.19.24%
All news about ALLIANZ SE
11/27ALLIANZ : EU clears Altice, Allianz, Omers acquisition of Covage
RE
11/27German insurance premium income seen up 0.4% in 2020 - GDV
RE
11/26Aviva eyes 2020 dividend cut, explores Europe, Asia options
RE
11/25AGEAS / : EU insurance watchdog under pressure to scrap blanket dividend ban
RE
11/24Inside Tuesday's Historic Dow Move -- Update
DJ
11/24Inside Tuesday's Historic Dow Move
DJ
11/24Inside Tuesday's Historic Dow Move
DJ
11/24Dow Jones Industrial Average Hits 30000 for the First Time
DJ
11/24Dow Jones Industrial Average Hits 30000 for the First Time
DJ
11/24Dow Jones Industrial Average Hits 30000 for the First Time
DJ
More news
Financials
Sales 2020 141 B 168 B 168 B
Net income 2020 6 509 M 7 786 M 7 786 M
Net Debt 2020 22 866 M 27 354 M 27 354 M
P/E ratio 2020 12,3x
Yield 2020 4,88%
Capitalization 81 574 M 97 530 M 97 587 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,72x
Nbr of Employees 147 268
Free-Float 99,8%
Chart ALLIANZ SE
Duration : Period :
Allianz SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALLIANZ SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 213,13 €
Last Close Price 198,14 €
Spread / Highest target 30,2%
Spread / Average Target 7,57%
Spread / Lowest Target -6,63%
EPS Revisions
Managers
NameTitle
Oliver Bäte Chief Executive Officer
Michael Diekmann Chairman-Supervisory Board
Christof Mascher Chief Operating Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Gabriele Burkhardt-Berg Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ALLIANZ SE-9.28%97 530
BB SEGURIDADE PARTICIPAÇÕES S.A.-21.96%11 074
TALANX AG-30.15%9 323
GRUPO CATALANA OCCIDENTE, S.A.-11.72%3 878
VIENNA INSURANCE GROUP AG-23.23%3 006
UNIQA INSURANCE GROUP AG-31.39%2 305