European Union : Publication of Financial Sector Assessment Program Documentation ––Technical Note on European Insurance and Occupational Pensions Authority Assessment

Publication Date: March 15, 2013
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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. 13/73
Subject(s): Financial Sector Assessment Program | European Union | Insurance supervision | Pension supervision | Stress testing | European Economic and Monetary Union | Europe

Publication Date: March 15, 2013
ISBN/ISSN: 9781475574852/1934-7685 Format: Paper
Stock No: 1EUREA2013009 Pages: 33
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