High profits at Allianz and Munich Re, normal course of business at almost all companies. For a long time it looked as if the turnaround in interest rates would not affect insurers. Yes, the drastic upward movement in interest rates also affects insurers, as the Wiesbaden-based R+V had to experience painfully. With 19.5 billion euros, the insurance group sees itself as number two in the German market after Allianz. It belongs to the cooperative financial warehouse of the Raiffeisen and Volksbanken, hence the name.
How the turnaround in interest rates hits a large insurance company – economy
