FIN.

EIOPA issues stress test Recommendations to NCAs

Following analysis of the 2018 Insurance Stress Test results, EIOPA has issued recommendations to National Competent Authorities to address identified vulnerabilities.

Analysis was done at individual group level.  Recommendations include:

  • to challenge capital and risk management strategies of groups where necessary, and to identify the range of possible management actions, to asses whether these actions are realistic and consider potential second-round effects;
  • to check the adequacy and flexibility of systems and risk models used by groups for stress testing; and
  • NCAs to enhance cooperation and information sharing with relevant authorities.
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Roseyna Jahangir