2011-07-04
PRESS RELEASE
The European Insurance and Occupational Pensions Authority (EIOPA) published the results of its stress test today. The results show that Swedish insurance companies are equipped to withstand adverse developments in the national economy and the global market.
During the first half of 2011, a number of large Swedish insurance companies participated in EIOPA’s stress test of the insurance market. The test demonstrates the ability of European insurance companies to meet the minimum capital requirement (MCR) in the future insurance regulations (Solvency 2) after applying a number of stress scenarios. A supplementary test was conducted to evaluate the effects of sovereign bond exposures.
In all the scenarios tested, the results of the Swedish companies participating were in excess of the minimum capital requirements. Changes in equity prices and interest rates had the largest effect.
Approximately ten companies and groups (life and property insurance companies) participated from Sweden. These companies, together with the international groups that report to other supervisory authorities, represent more than half of the Swedish insurance market in terms of premium income. The test is based on data as of 2010-12-31.
More information about the stress test is available on EIOPA's website.
