On 02 April 2024, the European Insurance and Occupational Pensions Authority (EIOPA) initiated its 2024 stress test exercise (here). The main objective of this exercise is to evaluate the resilience of the participating companies to an adverse scenario that goes beyond the requirements set under Solvency II. The stress test covers 48 companies operating in 20 member states and will assess the impact of a high-yield and high-inflation scenario.
The participating companies will have until mid-August to calculate their results based on the adverse scenario.
On 08 April 2024, EIOPA will open the Questions and Answers phase for 4 weeks. EIOPA invites participants to submit questions related to the exercise during this period.
Insurance Europe