“The agreed compromise is ambitious, but acceptable for the European insurance industry,” commented Dieter Wemmer, CFO of Allianz SE.
Allianz has supported the introduction of Solvency II from the very beginning and has put significant efforts into its implementation. “I am convinced that with Solvency II the European Union will get one of the most advanced regulatory regimes in the world. This will benefit both the insurers and their stakeholders,” said Dieter Wemmer.