Axa market risk charge drops almost €3bn in 2018

French insurance group Axa saw the market risk component of its solvency capital requirement (SCR) shrink by 17% in 2018, bringing it down to €13.5 billion ($15 billion) from €16.4 billion the year before.

The year-on-year cut reduced the share of market risk as a percentage of the firm’s total SCR, before taking diversification effects into account, to 43% from 48% in 2017.

The insurer also posted a lower credit risk charge of €2.4 billion, down 15% year-on-year. This component makes up 8%

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