EIOPA has published the results of the 2021 stress test exercise. The results demonstrate the resilience of the European insurance industry to an extreme prolonged COVID-19 scenario from both a capital and liquidity perspective.
Despite the severity of the scenario, none of the participants reported an Assets over Liability ratio below 100%, neither when assessed with or without management actions. EIOPA noted in its press release that “this confirms the industry’s ability to meet promises to policyholders amid severe adverse developments of the economy and the markets”.
EIOPA has published the following documents related to the stress test exercise.
- The report on the exercise (here)
- Details of companies who individually disclosed the results (here)
- A presentation (here)
- Factsheet (here)
- FAQ (here).
The secretariat of Insurance Europe has published a press release and summary of EIOPA Stress Test Report.