European Union: Publication of Financial Sector Assessment Program Documentation ––Technical Note on European Insurance and Occupational Pensions Authority Assessment
Electronic Access:
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Summary:
Slow economic growth and continuing low interest rate environment is putting pressure on the insurance sector. Delays in the implementation of Solvency II could create vulnerabilities in the insurance sector. The approval of internal models is important for determining adequacy of capital levels to warrant a solvent industry. The new European system of financial supervision has been proactive, but much work has to be done. Access to information for monitoring, analyzing trends, and preventing systemic risk need to improve, along with operational independence.
Series:
Country Report No. 2013/073
Subject:
Financial institutions Financial sector policy and analysis Financial sector stability Insurance Insurance companies Solvency Stress testing
English
Publication Date:
March 15, 2013
ISBN/ISSN:
9781475574852/1934-7685
Stock No:
1EUREA2013009
Pages:
33
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