EIOPA starts a second wave of stress tests
This document looks at the impact a second wave of stress tests will have on the European Insurance Industry as announced by European Insurance and Occupational Pensions Authority
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Introduction
On 23rd March 2011, the European Insurance and Occupational Pensions Authority (EIOPA) started a new wave of stress tests for the European insurance sector. The tests are the second of their kind and are based on the financials of 31st Decemeber 2010. The stress tests are in line with EIOPA’s Solvency II regulatory requirements.
The three scenarios to be tested are:
- Baseline scenario
- Adverse scenario
- Inflation scenario
George Crooks, Business Analyst at FRSGlobal for the insurance industry, provides an insight into the implications of the stress tests.
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