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This is the most fascinating thread on one of the most ridiculous frauds ever committed. Speaks very badly of @Allianz´s risk department. The current Reform of Solvency II will have to take into account this.
RT @jeuasommenulle: Time to go back to the incredible Allianz story that broke yesterday: how did a boring German insurer end up paying 5.8bn$ in fines & client compensation?
A thread + what I think are important lessons at …
