Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

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

Money is power: Can a country’s culture increase the risk of payment defaults?

The Covid-19 crisis is morphing into a payment crisis as companies tend to protect their working capital by paying their suppliers late. Defaults and insolvencies loom ahead. Companies need to understand structural payment patterns to help them triage bad payers from the good ones in finding their way back to growth.