Featured Product

    EIOPA Publishes the Financial Stability Report in June 2018

    June 25, 2018

    EIOPA published the Spring 2018 financial stability report on the insurance, reinsurance, and occupational pensions sectors in the European economic area. The report covers developments in financial markets, the macroeconomic environment, and the insurance, reinsurance, and occupational pension fund sectors.

    The report discusses the key risks identified for the insurance and occupational pensions sector. It then elaborates on the risks covering the insurance, reinsurance, and pensions sectors. Next, the report provides the final qualitative and quantitative assessment of the identified risks; the risks are assessed in terms of the likelihood and impact of their materialization, while also using the qualitative questionnaires. The report also includes a thematic article presenting potential drivers of equity investments by insurers.

    The financial stability report shows that overall the insurance sector continued to show robust results in 2017. Insurance companies are, on average, adequately capitalized and deliver positive profitability, despite the low-yield environment. The reinsurance industry appears to have sufficient capital to absorb global insurance industry catastrophe losses that were considerably higher in 2017, compared to the long-term average. However, the impact of the large insured losses on future prices in the reinsurance sector is still uncertain.

    In the European occupational pension fund sector, total assets increased in the euro area. The investment allocation as well as the average cover ratios for defined benefit schemes remained broadly unchanged. The new framework of information requests for the occupational pensions sector, which was published in April 2018, will allow for a more thorough analysis based on a more complete and relevant data set for the pensions sector from the third quarter of 2019 onward.

     

    Related Links

    Keywords: Europe, EU, Insurance, Reinsurance, Occupational Pensions, Financial Stability Report, EIOPA

    Related Articles
    News

    FSB Report Finds Steady Increase in Climate-Related Disclosures

    FSB published the annual report that examines to-date progress toward implementation of climate-related disclosure recommendations of the industry-led Task Force on Climate-related Financial Disclosures (TCFD).

    October 29, 2020 WebPage Regulatory News
    News

    APRA Consults on Reporting Standard for Credit Risk Management

    APRA is consulting on the reporting standard for credit risk management (ARS 220.0).

    October 28, 2020 WebPage Regulatory News
    News

    PRA Consults on Proposals to Support Transposition of BRRD2

    PRA launched a consultation (CP18/20) setting out proposals for the "Contractual Recognition of Bail-in" and "Stay in Resolution" Rules.

    October 28, 2020 WebPage Regulatory News
    News

    FASB Consults on XBRL US DQC Rules Taxonomy and Technical Guides

    FASB is consulting on the XBRL US Data Quality Committee (DQC) Rules Taxonomy (DQCRT) along with two technical guides.

    October 27, 2020 WebPage Regulatory News
    News

    EC Proposes to Amend Liquidity Coverage Rules for Covered Bond Issuers

    EC published draft of a delegated regulation amending liquidity coverage rules for covered bond issuers.

    October 27, 2020 WebPage Regulatory News
    News

    ESMA Confirms Endorsement of UK Credit Ratings Post Brexit Transition

    ESMA published an update to its March 2019 statement on the endorsement of credit ratings from UK.

    October 27, 2020 WebPage Regulatory News
    News

    PRA Updates Q&A on Branch Return Form

    PRA published Version 2 of the questions and answers (Q&A) on the Branch Return form.

    October 26, 2020 WebPage Regulatory News
    News

    Regulators Fine Goldman Sachs for Risk Management Failures

    FCA and PRA in the UK, FED in the US, and the authorities in Singapore have fined Goldman Sachs for risk management failures in connection with the 1Malaysia Development Berhad (1MDB).

    October 23, 2020 WebPage Regulatory News
    News

    ISDA Launches IBOR Fallbacks Supplement and Protocol

    ISDA launched the IBOR Fallbacks Supplement and the IBOR Fallbacks Protocol, with both becoming effective on January 25, 2021.

    October 23, 2020 WebPage Regulatory News
    News

    Canada Hosts International Conference of Banking Supervisors

    BCBS announced that OSFI and the Bank of Canada hosted the 21st International Conference of Banking Supervisors (ICBS) virtually on October 19-22, 2020.

    October 22, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6022