Norway : Financial Sector Assessment Program-Technical Note-Insurance Sector Stress Tests

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

September 17, 2015

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Technical Note presents key findings of insurance sector stress tests on Norway. Although the financial condition of insurance companies under Solvency I has generally been sound, insurers face major challenges going forward, thus placing an important premium on sound risk management and effective oversight by supervisors. The stress tests (under Solvency II) confirm that life insurers are vulnerable to severe shocks. The stress tests pointed to the high sensitivity of life insurers to market risks such as equity prices, real estate prices, and credit spreads. The risks to insurers are particularly pronounced if interest rates fall further from the current levels.

Series:

Country Report No. 15/255

Subject:

English

Publication Date:

September 17, 2015

ISBN/ISSN:

9781513576497/1934-7685

Stock No:

1NOREA2015006

Format:

Paper

Pages:

37

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