Stress Test 2018

​​

​Publication DateDocument
​​14.12.2018 Report on the results of the 2018 Insurance Stress Test
Fact sheet "In Brief – 2018 Insurance Stress Test"
Video interview with EIOPA's Chairman, Gabriel Bernardino including written transcript
Updated Frequently Asked Questions
Press release

Stress Test - Individual Results

Group ​Country​Consent for the publication of individual results
Vienna Insurance Group AG Wiener Versicherung GruppeAustriaYES

​Ageas

Belgium​NO
KBC Insurance GroupBelgium​NO
PFA_PENSIONDenmark ​YES

Forsikringsselskabet Danica, skadeaktieforsikringsselskab

DenmarkYES

Sampo plc

​NO
​AXA​France​NO
​CNP Assurances​France​NO
​BNP Paribas Cardif​France​NO
​Crédit Agricole Assurances​France​NO
​COVEA​France​NO
​GROUPAMA SA​France​NO
​GROUPE DES ASSURANCES DU CREDIT MUTUEL​France​NO
​Natixis Assurances​France​NO
​Sogecap​France​NO
​Münchener Rückversicherungs-Gesellschaft AG​Germany​NO
​Allianz SE​​Germany​​NO
​HUK-COBURG Versicherungsgruppe​Germany​​​NO
​HDI Haftpflichtverband der Deutschen Industrie VVaG *​​Germany​​​​NO
​R+V Versicherung Aktiengesellschaft​​​Germany​​​​​NO
​Assicurazioni Generali S.p.A.​Italy​​​​​​NO
​UNIPOL GRUPPO SPA​Italy​​​​​​​NO
​Poste Vita Group​​Italy​​​​​​​​NO
​Intesa Sanpaolo Vita S.p.A.​Italy​​​​​​​​​NO
​Aegon N.V.​Netherlands​NO
​NN Group N.V.​Netherlands​​NO
​Achmea​Netherlands​​​NO
​Gjensidige Forsikring​Norway​​​NO​
​Storebrand ASA​Norway​​​​NO​
​MAPFRE S.A.​Spain ​​​​​YES
​VIDACAIXA S.A.U. DE SEGUROS Y REASEGUROS​​Spain​NO
​Nordea Life Holding AB​Sweden​NO
​Livförsäkringsbolaget Skandia, ömsesidigt​Sweden​​NO
​Aviva plc​United Kingdom​​​NO
​Legal & General Group Plc​United Kingdom​​​​NO
​RSA Insurance Group plc​​United Kingdom​​​​​NO
​Phoenix Group Holdings​​United Kingdom​​​​​NO
​Prudential plc​​United Kingdom​​​​​NO
​Standard Life Aberdeen plc​​United Kingdom​​​​​NO
​The Royal London Mutual Insurance Society Limited​​United Kingdom​​​​NO​
​Scottish Widows Group Limited​​United Kingdom​​​​​NO
​ReAssure Group Limited​​United Kingdom​​​​​NO

Full list as pdf

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

​23 October 2017

1st Workshop with industry representatives

​21 November 2017

​2nd Workshop with industry representatives

​16 April 2018

​3rd Workshop with industry representatives

​14 May 2018

​1st 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

​22 November 2018

​2nd High-level meeting with representatives of the participating insurance groups

 14 December 2018

Publication of the stress test results

Stress test specifications​

​Publication dateDocument
​22 June 2018Technical specifications
​11 June 2018​Technical specifications( please use the most recent version above)​

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
​22 June 2018Reporting templateModel point templateSolo Cash Flow template
11 June 2018

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

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
​22 June 2018

Fourth set of Q&A

Errata Corrigendum

11 June 2018

​Third set of QA

4 June 2018

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 2018 Press release
​14 May 2018 Frequently 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.