How do you envisage global markets changing after the UK's vote to leave?
In the medium- and long-term we expect bilateral agreements between the UK and the EU in order to achieve a continued prosperous collaboration. Most negative scenarios are well reflected in market prices already. Nevertheless, the vote brings with it some short-term uncertainty, and for this reason investors are assuming higher risk premiums and hence lower prices. We believe market disruptions are short-term.
What are the implications for Allianz investment strategies?
Allianz Investment Management builds its strategies on its liabilities, coupling obligations towards clients with a careful management of risks and returns. Consequently, our portfolios are not materially affected by short-term market volatility.
What does it mean for Allianz insurance customers?
Due to our long-term investment approach we are not expecting any negative impacts on Allianz’ investments. Our customers benefit from a diversified investment portfolio as well as global investment expertise that have proven to yield superior returns and resilience – as also illustrated in our strong reserves and solvency. We continuously enhance our portfolios, for instance by investing in renewable energy, infrastructure and private debt.