Financial Supervisory Authority to conduct stress tests for insurance and pension sectors
In 2024, EIOPA will conduct a stress test for large Solvency II groups and insurance undertakings. In Finland, OP Group will participate in the EIOPA stress test.
The Financial Supervisory Authority (FIN-FSA) will extend the EIOPA stress test to selected non-life and life insurance undertakings and Solvency II groups. The stress test for occupational pension institutions will mainly use the same scenarios as for the non-life and life insurance sectors.
The FIN-FSA will contact separately the undertakings selected for the national extension with regard to the timing and the more detailed content of the stress test.
The goal is to publish a summary of the results of the national extension of the stress test by the end of 2024.
For further information, please contact
- Ville Päivinen, Actuary, telephone +358 9 183 5338 or ville.paivinen(at)fiva.fi
- Vesa Ronkainen, Team Leader, telephone +358 9 183 5704 or vesa.ronkainen(at)fiva.fi