EIOPA launches a web-section dedicated to the Insurance Stress Test 2014

The European Insurance and Occupational Pensions Authority (EIOPA) has established an area on its website dedicated to the stress test exercise 2014 for the insurance sector.

Stress tests represent one of the regular supervisory tools that help to assess the resilience of the insurance sector to adverse situations and to extract valid conclusions to support the stability of the financial system. The aim of the exercise in 2014 is to test the resilience of insurers regarding market risk under a combination of historical and hypothetical scenarios. Additionally, insurance risk will be tested and, as a follow-up to its Opinion on Supervisory Response to a Prolonged Low Interest Rate Environment, EIOPA will also include a low yield element in the exercise.

The web-section also provides information about the timeline and the working process related to the stress test conduct.