EIOPA Insurance Stress Test 2018
In 2018 the European Insurance and Occupational Pensions Authority (EIOPA) launched a stress test of insurance undertakings to assess their resilience to adverse financial market scenarios.
The exercise tested the impact of the following scenarios:
- a sharp and sudden rise in interest rates combined with increases in claims inflation and in insurance contract lapses;
- a protracted period of low interest rates combined with increasing longevity of policyholders;
- a series of natural catastrophes (windstorms, earthquakes, floods) in Europe.
Solo insurance undertakings in Slovakia were not involved in the exercise directly, but indirectly via their parent undertakings. EIOPA based the stress test exercise on a sample of 42 insurance groups, with European Economic Area-wide market coverage of 75% based on total consolidated group assets.
Martina Vráblik Solčányiová
National Bank of Slovakia
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
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