On 20 January, the European Insurance and Occupational Pensions Authority (EIOPA) announced that a Europe-wide stress test for the insurance sector will be launched on 20 April 2014.
The aim of the exercise is to test the resilience of insurers regarding market risk under a combination of historical and hypothetical scenarios. EIOPA will also test insurance risk and include a low yield element in the exercise, following its March 2013 opinion on the supervisory response to a prolonged low interest rate environment.
EIOPA will conduct the exercise in co-operation with national supervisory authorities and expects to publish results in November 2014.
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