Allianz Maintains Stable Interest Rates for German Life Insurance in 2024

Allianz, the largest life insurer in Germany and a market leader with 14 million policies, will maintain its stable total interest rates for private pension policies in the coming year at 3.5% for traditional plans and 3.8% for newer policies. This decision reflects stability in a challenging financial environment as the industry recovers from a prolonged crisis exacerbated by years of near-zero interest rates. The total interest rate includes a guaranteed interest component plus annual and final profit participations, with Allianz recently raising current interest rates after the end of the ECB's zero rate policy phase.