Insurers penalised by lack of insurance standard

The lack of a complete insurance standard for insurers has put the industry at a competitive disadvantage on the capital markets, says Allianz board member Helmut Perlet. Speaking to Allianz.com News, Mr Perlet, who is also the current chairman of the CFO Forum, said the “current regime simply isn’t satisfactory”. “Insurers pay more for capital because investment in an insurance company is perceived as being riskier than it actually is,” Mr Perlet said, adding that the industry is seeking a standard that measures liabilities at present market value.