Stress Test 2018



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.

Timeline ​

​Date ​Activity
April 2018 (2nd half)Workshop with industry representatives
​14 May 2018

High-level meeting with representatives of the participating insurance groups

Presentation by Gabriel Bernardino, Chairman of EIOPA and Jean Hilgers, Chairman of EIOPA’s Risks and Financial Stability Committee

Publication of stress test specifications

​August 2018

​Submission deadline for participating (re)insurance groups to the national supervisory authorities (NSAs)

October 2018

Finalisation of quality assurance of undertakings' data by national supervisory authorities (NSAs) and validation by EIOPA

​January 2019 Publication of the stress test report

Stress test specifications​

​Publication dateDocument
​11 June 2018​Technical specifications

4 June 2018

4 June 2018

​Technical specifications (please use the most recent version above)​

Technical information

​28 May 2018​Technical specifications (please use the most recent version above)​
​28 May 2018​Technical information (please use the most recent version above)​
​14 May 2018​Technical specifications (please use the most recent version above)​
​14 May 2018

​Technical information (please use the most recent version above)​

Reporting templates​

​Publication dateDocument
11 June 2018​Reporting template Model point template Solo Cash Flow template

4 June 2018

Reporting template (please use the most recent version above)

​28 May 2018​Reporting template (please use the most recent version above)
​14 May 2018

 Templates: (Reporting template (please use the most recent version above)​, Model point template (please use the most recent version above)​, Solo Cash Flow template(please use the most recent version above)​

​14 May 2018​Explanatory note

Questions & Answers

​Publication dateDocument

​11 June 2018

4 June 2018

Third set of QA

Second set of Q&A
​28 May 2018​First set ​of Q&A
​14 May 2018Questions & Answers template for participants
​23 May 2018National contact points for Q&A

 Background Documents

​​​Publication date​Document
​14 May 2018Press release
​14 May 2018Frequently asked questions
​14 May 2018ESRB adverse scenario for 2018 insurance stress test

Working Process​

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.
On 28 March 2018, EIOPA invited the main European stakeholders associations, namely Insurance Europe, the CRO (Chief Risk Officers) Forum, the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), the Actuarial Association of Europe (AAE) and the European Insurance CFO (Chief Financial Officers) Forum to participate in a workshop held on 16 April 2018. The objectives of the workshop are to inform the industry representatives about the scope of the stress test exercise and its technical specifications, to consult on the draft reporting templates and to discuss the methodologies used for the analysis and disclosure of the results of the Insurance Stress Test 2018. With this consultation EIOPA expects to enhance transparency on the vulnerability assessment and the disclosure of the stress test results as well as to improve the usability of the reporting templates and by that allowing for better understanding of the scope of stress test exercise and the related requirements.