EU Insurers Hold Sufficient Capital, Stress Tests Show
Law360, London (December 17, 2018, 5:33 PM GMT) -- European insurers remain vulnerable to shock but generally hold sufficient capital to withstand severe economic hardship, stress-testing by a top regulator shows, shoring up confidence in the industry as Brexit draws near.
The European Insurance and Occupational Pensions Authority found that major companies had “significant sensitivity” to severe market shocks. But the authority gave insurers an overall clean bill of health as it revealed the results of its fourth test of EU-wide capital adequacy.
“On aggregate, the sector is adequately capitalized to absorb the prescribed shocks,” EIOPA said in a statement on Friday.
The findings may help calm nerves in an industry...
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