Large firms will face three scenarios to test resilience

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) will run an EU-wide stress test in the insurance sector in December 2009.

It said: “The objective is an EU-wide exercise with common guidelines and scenarios, so as to increase the level of aggregate information among policy makers in assessing the European insurance sector’s potential resilience to shocks and to contribute to the convergence among supervisory practises.

Three scenarios will be tested:

  • An adverse scenario mirroring the development of capital markets between September 2008 and September 2009
  • A more severe and prolonged recession
  • A situation of inflation picking up rapidly leading to a steep rise in interest rates. The stress test will focus on market and credit risks

The Financial Times reported that Aviva PLC (AV.LN), Allianz SE (AZ) and Axa SA (AXA) would be among those.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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