On 3 November, EIOPA published its Risk Dashboard based on Solvency II data from Q2 2021.
According to EIOPA:
- Insurers’ exposures to macro risks remain at a high level while other risk categories (eg insurance risk, profitability risk and solvency risk) stay at medium levels.
- With regards to macro risks, inflation forecasts have been revised upwards. Unemployment rates are still elevated but on a decreasing trend.
- Financial markets stay broadly stable, amid fiscal and monetary support.
- Overall profitability indicators and solvency positions for insurance groups continued improving in Q2 2021.
- Insurance risks continued at a medium level, with year-on-year premium growth for non-life and life undertakings increasing for the second consecutive quarter.
- Market perceptions remain at a medium level.
- The ESG related risks are at a medium level, with transaction and physical risks slightly improving.
- The catastrophe loss ratio decreased compared to the previous quarter, albeit not yet reflecting the potential negative impact of the European floods in summer 2021.
For more information, please see here.
Insurance Europe