Allianz Global Wealth Report 2026

Brexit: Trade tricks won´t be enough

The UK intends to lower its global import tariff by -2.2pp to 2.8% post its EU exit, the second lowest tariff among G-20 countries after Australia. These new tariffs will apply to imported goods from countries with which the UK will not have a Free Trade Agreement (FTA) on 01 January 2021.

 

Chinese banks put to the test of RMB8tn of Covid19 problematic loans

In China, financial and monetary conditions are clearly easing, as measured by our credit impulse index: as of May 2020, it stood at 6.0pp, up from 1.9pp at the end of 2019. However, the PBOC’s stance appears to be much more prudent compared to other major economies.

Allianz Global Insurance Report 2020: Skyfall

The global insurance industry entered 2020 in good shape: In 2019, premiums increased by 4.4%, the strongest growth in four years. 2020 will be different: Premium income is expected to shrink by 4.7% in Western Europe and by 3.8% globally – compared with the pre-Covid-19 trend, around EUR 360bn in premiums will have gone missing