NBB Launches Insurance Stress Test for 2020
NBB published the technical information, technical specifications, and reporting templates for the stress test on insurers in 2020. The results are to be submitted on June 08, 2020. In 2020, the Belgian insurance sector is subject to a stress test consisting of one scenario (low yield). The scenario was developed by NBB and is applied to all Belgian insurance undertakings having life activities.
Stress testing is an appropriate tool to identify vulnerabilities of the financial system and to assess the potential impact of risks on the stability of the financial system in general and the insurance sector more specifically. Stress testing also helps to identify those undertakings that may pose a risk to the stability of the financial system or the insurance sector. NBB can, after the analysis of the stress test results, issue recommendations to be implemented by the insurance undertakings in order to contribute to the stability of the financial system.
- Insurance Stress Test for 2020
- Technical Information Version 3.1 (Update in XLSX)
- Technical Specifications Version 1.1 (PDF)
- Reporting Templates (XLSX)
Keywords: Europe, Insurance, Stress Testing, Reporting, Scenario, Technical Specifications, NBB
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