Statement: Insurance stress test: European Commission emphasises need for full and rapid implementation of the “Solvency II” insurance regulatory regime

The European Insurance and Occupational Pensions Authority (EIOPA) released on the 30 November 2014 the results of its 2014 stress tests of insurers. These were carried out against the background of the implementation of Solvency II, the new risk-based regulatory regime for insurance and reinsurance, which will be fully applied in the EU from 1 January 2016.

• Primary Source

Website: European Insurance and Occupational Pensions Authority (EIOPA) https://eiopa.europa.eu/home/index.html

European Commission: DG Banking and finance: Insurance http://ec.europa.eu/finance/insurance/index_en.htm

EurActiv, 16.12.14: Insurance sector faces consolidation with new EU rules a year away http://www.euractiv.com/sections/euro-finance/insurance-sector-faces-consolidation-new-eu-rules-year-away-310831

ESO: Background information: Commission adopts detailed prudential rules for banks and insurers to stimulate investment in the economy http://www.europeansources.info/record/press-release-commission-adopts-detailed-prudential-rules-for-banks-and-insurers-to-stimulate-investment-in-the-economy/

European Commission: RAPID: MEMO/15/3121, 12.01.15: Solvency II Overview – Frequently asked questions http://europa.eu/rapid/press-release_MEMO-15-3120_en.htm

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