Magazine date:
Dec 2009 An agreement pertaining to resilience surveys has been finalized between Europe’s top thirty insurers and their regulatory authorities. According to this agreement, the committee of European supervisors is due to carry out tests designed to verify the resilience of the top local insurers as regards credit and market risks.
Insurers will be submitted to three scenarios: The repetition of financial market instability over the period from September 2008 to September 2009, simulation of a long recession and finally a rapid increase of inflation triggering soaring interest rates. The survey findings will be disclosed to the European Council during the first quarter of 2010.