Tag: European insurance industry

Insurance industry news in Europe reveals considerable stress vulnerability

Julie Campbell
insurance industry statistics business virtual

The EIOPA released the results of a test that it conducted on the sector and showed a “double hit” could be painful. Recent insurance industry news from the European Insurance and Occupational Pensions Authority (EIOPA) has revealed the results of a form of “stress test” that it conducted and which has now shown that this sector has a higher vulnerability to a stress scenario in which there would be a “double hit” combination of a decrease in asset values and a reduced risk free rate. Overall, the testing showed that…

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Germany balks at EU regulations targeting the insurance industry

S.Vagus
German insurance industry

Insurance industry shows unease over new risk management regulations The European Union is currently working to introduce new regulations to the insurance industry in an effort to moderate risk and exposure. These rules are meant to impose new risk management standards on large insurance companies in order to mitigate any problems that could be caused by future financial disasters. In Germany, these regulations are being met with resistance as the insurance industry balks at the deadlines imposed by the European Union concerning the implementation of these new regulations. German agency…

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Insurance industry watchdog prepares European insurers for new risk rules

H. Cutner
EU insurance watchdog industry

The group has taken action to get companies and regulators ready for broad scale changes. This week, the European Union’s insurance industry watchdog took considerable action to begin the preparations of insurers as well as national regulators, for the implementation of new regulations that will lead to widespread changes to their risk and capital management. The EIOPA issued a draft of the guidelines that it is recommending for a number of insurer functions. The European Insurance and Occupational Pensions Authority (EIOPA) released its guidelines draft for the insurance industry, which…

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European insurance industry sees major promise in the east

China insurance market news

European insurance industry sets sights on China Many sectors in the global insurance industry have been experiencing exceptional growth in recent years. For European insurance giants, Asia is becoming the most attractive market in the world. Prudential, the largest insurer in Europe, claims that the best investments that the insurance industry can make are in Asia. Prudential CEO Tidjane Thiam notes that China, in particular, is home to the fastest growing sector of the insurance industry, making the country very attractive to investors despite some of the restrictions imposed on…

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Insurance news announcement from Europe works to counterbalance low interest rate risk

europe insurance news industry

EU watchdog is now calling for a joint effort to help to counter the risks presented by the rates. The latest insurance news in the European Union includes a call from the insurance watchdog for a joint action among all of the national regulators for helping to counteract the negative impact that the low interest rates are having on the financial security of insurers. This will help those companies to be able to protect policyholders more effectively and at a lower cost. This topic has been making insurance news for…

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