Macroprudential Solvency Stress Testing of the Insurance Sector

Author/Editor:

Andreas A. Jobst ; Nobuyasu Sugimoto ; Timo Broszeit

Publication Date:

July 22, 2014

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Over the last decade, stress testing has become a central aspect of the Fund’s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund’s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results.

Series:

Working Paper No. 14/133

Subject:

English

Publication Date:

July 22, 2014

ISBN/ISSN:

9781484346365/1018-5941

Stock No:

WPIEA2014133

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

84

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