Featured Product

    NBB Launches the 2019 Stress Testing Exercise for Insurers

    April 05, 2019

    NBB launched its 2019 stress test for the insurance and reinsurance companies governed by the Belgian Law. The published documents include technical specifications, technical information, reporting templates, user manual, and framework of stress tests for the insurance sector. NBB also released the timeline of the stress testing exercise. The deadline for submission of results is June 21, 2019. NBB can, after the analysis of the stress test results, issue recommendations to be implemented by the insurance undertakings.

    In 2019, a significant part of the Belgian insurance sector will be subject to a stress test, which will consist of two scenarios. 

    • The first scenario (Belgian Adverse) assesses the impact of a repricing of the Belgian sovereign debt on the solvency positions of insurers. The Belgian Adverse scenario has three parts—100 basis points increase of the Belgian sovereign bond (OLO) spread; 200 basis points increase of the OLO spread; and reverse stress, whereby the insurer has to determine the OLO spread increase at which its solvency ratio drops below 100%. 
    • The second scenario (Low Yield) assesses the impact of a continued decline in the risk-free rates on the solvency positions of insurers.

     

    Related Link: Insurance Stress Test 2019

     

    Keywords: Europe, EU, Belgium, Insurance, Stress Testing, Reporting, Stress Test Scenarios, NBB

    Featured Experts
    Related Articles
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    News

    SRB Chair Outlines Work Priorities for 2021

    The SRB Chair Elke König published an article setting out work priorities for 2021.

    January 11, 2021 WebPage Regulatory News
    News

    FDIC Selects Companies to Compete in Final Phase of Tech Sprint

    FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.

    January 11, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6417