Switzerland: Financial Sector Assessment Program: Technical Note: Insurance Sector Stress Testing
June 13, 2007
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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
Pages:
13
Volume:
2007
DOI:
Issue:
201
Series:
Country Report No. 2007/201
Stock No:
1CHEEA2007006
ISBN:
9781451807363
ISSN:
1934-7685
