On September 19, 2014, the European Insurance and Occupational Pensions Authority (“EIOPA”) published an updated version of its risk dashboard (EIOPA-FS-14/083) (dated September 17, 2014), which takes the form of a presentation.

This latest version of the risk dashboard, which is updated on a quarterly basis, summarizes that the risk environment facing the insurance sector remains broadly unchanged since the last dashboard was published in June 2014. Among other things, based on indicators for the second quarter of 2014, the dashboard lists the following points of interest:

  • Market risk is still a concern.
  • Liquidity and funding risks have changed, with catastrophe bond issuance reaching an all-time high.
  • Credit risk conditions show initial signs of improvement.
  • Interlinkages and imbalances still create uncertainties, with contagion risks from banks and sovereigns and high imbalances remaining in both public and private finances.

Data for the EIOPA risk dashboard was submitted by 32 large insurance groups.