Stress tests are one of the regular supervisory tools used to assess the resilience of the insurance sector to possible adverse developments.
The 2018 exercise is tailored to assess the vulnerability of the European insurance sector to specific adverse scenarios and will be based on a sample of 42 insurance groups. The scenarios encompass a wide range of risks, including market and insurance specific risks providing more insight into potential vulnerabilities from a financial stability perspective. In addition to the adverse scenarios, a separate investigation on the potential implications of cyber risks will be included.
|April 2018 – (2nd half)||Workshop
with industry representatives|
half) ||Launching event
of the Europe-wide stress test with industry representatives and publication of the specifications and
reporting templates |
deadline for participating (re)insurance groups to the national supervisory authorities
|September 2018 ||Finalisation
of quality assurance of undertakings' data by national supervisory authories (NSAs) and validation by EIOPA|
|December 2018 ||Publication
of of the stress test results|
The exercise will be conducted in close cooperation with the national supervisory authorities. EIOPA will inform the participating (re)insurance groups about all upcoming steps and provide regularly updates on the status. Consultations with industry representatives will be completed by the end of April 2018.