FRANKFURT Feb 21 Allianz sees the low
interest rate environment as the top challenge facing the
company this year, its chief executive said on Thursday.
"The main business issue facing us in 2013 will be how to
steer Allianz in a low interest rate scenario," Michael Diekmann
said in presenting annual results for Europe's biggest insurer.
Central banks slashed interest rates in the wake of the
financial crisis, making it hard for insurers to earn income
from the government bonds in which they mainly invest and from
which they must meet future obligations to policy holders.
(Reporting by Jonathan Gould)