Backstop Is Important Measure By German Government: Allianz CEO

Backstop Is Important Measure By German Government: Allianz CEO

Assessment

Interactive Video

Business

University

Hard

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The video discusses the impact of COVID-19 on the insurance industry, focusing on government measures to backstop losses for credit insurers. It highlights the importance of public-private partnerships to prevent procyclical behavior and stabilize the economy. The need for European-level solutions and handling systemic risks like pandemics is emphasized. The economic impact is expected to lead to a U-shaped recovery, with significant challenges in sectors like transportation and hospitality. Despite the crisis, Allianz maintains a strong financial position, ensuring dividend payments. The potential demand for pandemic insurance and the need for strategic risk management are also explored.

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10 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the corona virus affected the credit insurance industry according to the speaker?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures has the German government taken to support the credit insurance industry during the crisis?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What lessons were learned from the 2008 and 2009 financial crises according to the speaker?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's opinion on the need for government intervention in the credit insurance sector?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest is necessary to avoid a domino effect in the economy?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expected economic impacts of the corona virus on the insurance industry?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the recovery of the insurance industry post-crisis?

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