EIOPA launches the EU-wide Insurance Stress Test 2016
  • Wednesday, 25 May 2016

EIOPA launches the EU-wide Insurance Stress Test 2016

The European Insurance and Occupational Pensions Authority (EIOPA) published today the EU-wide stress test to assess the resilience of the European insurance sector. The insurance sector’s vulnerability to a prolonged low interest rate environment and a ‘double hit’ scenario will be assessed. A prolonged low interest rate environment is currently seen as the most important […]

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IASB approaches finalisation IFRS 17 with latest amendments
  • Tuesday, 24 May 2016

IASB approaches finalisation IFRS 17 with latest amendments

On 17 May 2016, following its public consultation, the International Accounting Standards Board (IASB) confirmed it will amend the current draft of the new International Financial Reporting Standard for insurance contract accounting (IFRS 17 Insurance Contracts; previously referred to as IFRS 4 Phase II). With this amendment the IASB expects to issue the final standard […]

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DNB advises a more realistic UFR
  • Thursday, 19 May 2016

DNB advises a more realistic UFR

EIOPA is in consultation regarding the revision of the Ultimate forward rate (UFR) for insurance companies. Currently, the UFR is set at 4.2%. This is the rate where the term structure for maturities exceeding twenty years converges towards. Due to the low interest rates, the difference between the current UFR and the economic reality has […]

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