Risk Quantum/Munich Re
Top European insurers bet on private equity
Allianz and Axa had a combined €29 billion at end-2019
Munich Re’s capital requirement jumped 19% in 2019
Interest rate declines added €2.2bn to SCR
EU insurers’ solvency ratios weather UFR change
New fixing of ultimate forward rate increases firms’ solvency capital requirements
Munich Re's P&C capital charge swells €2bn in 2018
Property and casualty capital requirement pushes overall SCR to €14.7 billion
Munich Re adjusts sovereign portfolio
Reinsurer clips US, UK, Italy holdings
Solvency II capital charges concentrated in two key risks
Market risk SCR averages 37% across six large insurers
Equity hedges protect Munich Re from vol spike
Net derivative liabilities fall 95% year-on-year