Macroprudential Solvency Stress Testing of the Insurance Sector
Electronic Access:
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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. 2014/133
Subject:
Financial institutions Financial Sector Assessment Program Financial sector policy and analysis Insurance Insurance companies Solvency Stress testing
English
Publication Date:
July 22, 2014
ISBN/ISSN:
9781484346365/1018-5941
Stock No:
WPIEA2014133
Pages:
84
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