April 11, 2019

EIOPA published the updated risk dashboard, which is based on the Solvency II data for the fourth quarter of 2018 and summarizes key risks and vulnerabilities in the insurance sector in EU. The data used are based on financial stability and prudential reporting from 96 insurance groups and 2,873 solo insurance undertakings. Overall, the results show that risk exposures of the insurance sector in EU remain stable.

The data show that credit and market risks remain at medium level amid slightly decreased bond spreads, stable portfolio exposures, and broadly unchanged bond volatility. Profitability and solvency risks are stable, with overall profitability indicators unchanged, compared to the second half of 2018 and the end of 2017. Median Solvency Capital Requirement (SCR) ratios are well above 100% for groups, life, and non-life solo undertakings. Market perceptions remain stable at a medium level, with the insurance stocks slightly outperforming the overall market, a reduction in insurance groups' Credit Default Swap spreads, and the unchanged external ratings.

 

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Keywords: Europe, EU, Insurance, Risk Dashboard, Solvency II, SCR, Credit Risk, Market Risk, EIOPA

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