Featured Product

    EIOPA Publishes Risk Dashboard for the Third Quarter of 2018

    January 31, 2019

    EIOPA published its updated risk dashboard based on data for the third quarter of 2018. This data is based on financial stability and prudential reporting collected from 96 insurance groups and 2,906 solo insurance undertakings. The risk dashboard is based on Solvency II data and it summarizes the main risks and vulnerabilities in the insurance sector in EU through a set of risk indicators. The results of the third quarter 2018 show that, overall, the risk exposure of the EU insurance sector remains stable.

    The dashboard highlights that credit, market, and liquidity and funding risks continue at a medium level, with Credit Default Swap spreads for corporate bonds as well as equity market volatility increasing since September. Profitability and solvency risks also remain stable at a medium level. The ratio of assets over liabilities and share of tier 1 own funds have both increased slightly. Median Solvency Capital Requirement (SCR) ratios for groups and non-life companies have improved while the SCR ratios for life companies have decreased. However, SCR ratios for all types of undertakings remain above 100%. Although insurance risks increased following the impact on (re)insurers' loss ratios of the natural catastrophes observed in the third quarter of 2018, they remain at a low level. Underpricing and underreserving driven by the competition could be a concern for some lines of business. Market perceptions are stable at the medium level, with insurance stocks outperforming the market despite a general deterioration in equity market performance. 

     

    Related Links

    Keywords: Europe, EU, Insurance, Risk Dashboard, Financial Stability, Solvency II, Credit Risk, Market Risk, Liquidity Risk, EIOPA

    Featured Experts
    Related Articles
    News

    MAS Amends Notices on Residential Property Loans

    MAS published amendments to Notices 632, 632B, 645A, 825, 825B, 831A, 1106B, and 1115A related to the residential property loans in Singapore.

    April 07, 2020 WebPage Regulatory News
    News

    US Agencies Announce Changes to CBLR Framework in Light of COVID-19

    US Agencies (FDIC, FED, and OCC) issued two interim final rules that make changes to the community bank leverage ratio (CBLR) framework and implement Section 4012 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

    April 06, 2020 WebPage Regulatory News
    News

    BoE Publishes Version 2.0.0 of Capital+ XBRL Utility

    BoE published version 2.0.0 of the Capital+ XBRL Utility, along with the related release notes.

    April 06, 2020 WebPage Regulatory News
    News

    ECB Updates Documentation on SHS Reporting by Banks

    ECB updated the documentation for banking groups subject to direct reporting of Securities Holdings Statistics Group (SHSG) data to ECB.

    April 06, 2020 WebPage Regulatory News
    News

    HKMA Announces Initiative to Support SMEs Amid COVID-19 Outbreak

    HKMA issued a circular on a 100% Loan Guarantee Product under the Small and Medium-Sized Enterprise (SME) Financing Guarantee Scheme.

    April 06, 2020 WebPage Regulatory News
    News

    CBUAE Announces Relief Measures to Address Impact of COVID-19

    CBUAE has announced a number of measures to support the economy amid COVID-19 outbreak and these measures will enter into force with immediate effect.

    April 05, 2020 WebPage Regulatory News
    News

    EC Approves State Aid Schemes in the Context of COVID-19 Outbreak

    EC approved German, Greek, Maltese, Polish, Portuguese, Spanish, and Swedish State aid schemes to support the economy in the context of the COVID-19 outbreak.

    April 04, 2020 WebPage Regulatory News
    News

    PRA and FCA Issue Statement on SM&CR Expectations During COVID Crisis

    PRA and FCA published a statement that sets out their joint approach to the Senior Managers and Certification Regime (SM&CR) for dual-regulated firms in light of the COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    News

    EC to Finalize Digital Finance Strategy Later This Year

    EC launched consultations on digital finance and retail payments in EU.

    April 03, 2020 WebPage Regulatory News
    News

    HKMA Announces Liquidity Measures in Response to COVID-19 Outbreak

    HKMA issued a circular on liquidity measures that HKMA has taken or plans to take in response to COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4952