Europe’s reinsurers stressed again
The European Insurance and Occupational Pensions Authority (Eiopa) will conduct a second industry-wide stress test to assess participants' vulnerability to a range of potential adverse developments.
While it is expected to be less severe than its predecessor in late 2009, the latest industry compliance test is complicated by the fact it will be conducted using Solvency II rules, which have yet to be finalised.
Eiopa conceded that using the moving goal posts of Solvency II had some shortcomings, with the...
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