One in 10 European insurers fails test

Author (Person) ,
Series Title
Series Details 5.7.11
Publication Date 05/07/2011
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Article reported that one in 10 European insurance companies failed to cope with a series of damaging financial market and economic shocks under stress tests carried out in recent weeks by the European Insurance and Occupational Pensions Authority.

However, EIOPA said the industry’s finances were robust overall and that a shock applied to sovereign bond yields in Europe would cause problems for just 5% of companies.

Related Links
BBC News, 4.7.11: Europe's insurers found to be 'robust' http://www.bbc.co.uk/news/business-14011461
Website: European Insurance and Occupational Pensions Authority (EIOPA) https://eiopa.europa.eu/
EIOPA: Press Release, 4.7.11: EIOPA announced today the results of its second European insurance stress test https://eiopa.europa.eu/fileadmin/tx_dam/files/Press-Room/Stress-Test-Results-Release.pdf

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