The European Insurance and Occupational Pensions Authority (EIOPA) has published today Risk Dashboard based on Q4 2022 Solvency II data (link).
Very briefly, the analysis shows that insurers’ exposures to macro and market risks are currently the main concern for the insurance sector, while all other risk categories are at medium levels.
The key observation are as follows:
- Risk levels for the European insurance sector remain broadly constant;
- Macro-related risks remain among the most relevant for the insurance sector;
- Credit risks remain at medium level;
- Market risks remain at high level;
- Liquidity and funding risks remain at medium level with an increasing trend;
- Profitability and solvency risks remain at medium level;
- Interlinkage and imbalance risks remain at medium level;
- Insurance risks remain at medium level;
- Market perceptions remain at medium level;
- ESG related risks remain at medium level;
- Digitalization and cyber risks are at medium level.
Insurance Europe