Allianz’s counterparty risk charge up €102 million in 2018
German insurer Allianz’s counterparty default risk capital charge surged 9% in 2018 to €1.2 billion ($1.3 billion).
But market risk stayed the largest component of its overall solvency capital requirement, hitting €21.9 billion in 2018, up 2.6% on the year. This makes up 48.4% of its total SCR, up from 46.5% the year prior. Counterparty default risk, in contrast, made up just 2.6% of the total in 2018.
The underwriting risk charge also edged up 2% over the year to €15.9 billion. This component
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