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2016 EIOPA Stress Test – Publication of Report

15/12/2016 - Press Releases

On 15 December 2016, the European Insurance and Occupational Pensions Authority (EIOPA) published the results of its EU-wide stress test (2016 EIOPA Stress Test).

The objective of the stress test was to assess the vulnerabilities and resilience of insurance undertakings to situations of severe market developments and a low-yield environment, and to identify the impact during the first year of implementation of Solvency II.

The test was conducted on a solo basis using data as at 1 January 2016 and included two scenarios: a Double-hit scenario, combining a sudden increase in risk premia and a low-yield environment, and a Low-for-Long scenario, focused on a reduced level of yields at all maturities for a long period of time.

The exercise involved 236 participants from 30 countries across the EU, with a coverage of 77% of market share in terms of life technical provisions (excluding health and unit-linked).

Eight Greek insurance undertakings participated, covering 88% of life technical provisions (excluding health and unit-linked).

The detailed report is available on EIOPA’s website.

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