Regulator launches 2017 UK insurance stress test
Thursday, 04 13 2017, Category: Insurance and Reinsurance, Country: United Kingdom
The UK’s Prudential Regulatory Authority (PRA) has sent a request to the country’s largest general insurers to provide information about the impact of a range of stress tests on their projected Own Funds, as well as providing additional information on their sectoral exposures to the UK economy.
The General Insurance Stress Test 2017 includes a set of five severe but conceivable scenarios, namely four natural catastrophe scenarios and one economic downturn scenario consistent with the Banking Stress Test.
Source: Intelligent Insurer