IMF Staff Country Reports

Switzerland: Financial Sector Assessment Program: Technical Note: Insurance Sector Stress Testing

June 13, 2007

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Switzerland: Financial Sector Assessment Program: Technical Note: Insurance Sector Stress Testing, (USA: International Monetary Fund, 2007) accessed September 19, 2024

Summary

This technical note discusses key findings of the insurance sector stress tests for Switzerland. The results suggest that there are market risks inside some Swiss insurance entities that may need focused attention. In particular, a moderate correction in share and property values, with interest rates ending somewhat lower than the prior cyclical lows, could cause distress to five out of nine life insurers, two of 12 nonlife insurers, and two of nine health insurers that participated in the 2006 Swiss Solvency Test (SST) field tests.

Subject: Financial institutions, Financial markets, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Market risk, Stock markets, Stress testing

Keywords: B. market risk consideration, CR, Global, Health insurer, Insurance, Insurance companies, Insurer, Interest rate, ISCR, Life insurer, Market, Market risk, Market turbulence, Scenario testing, Stock markets, Stress testing, Term mismatch risk

Publication Details

  • Pages:

    13

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/201

  • Stock No:

    1CHEEA2007006

  • ISBN:

    9781451807363

  • ISSN:

    1934-7685